Suncor Energy Inc. (Suncor) is an integrated energy company focused on developing Canada’s Athabasca oil sands. The Company has three operating segments: oil sands, natural gas, and refining and marketing. The Company also invests in renewable energy opportunities. Suncor is a partner in four wind power projects and operates an ethanol plant. The Company also explores for, acquires, develops, produces and markets crude oil and natural gas, transports and refines crude oil and markets petroleum and petrochemical products. The Company also markets third party petroleum products. Suncor also carries on energy trading activities focused principally on buying and selling futures contracts and other derivative instruments based on the commodities it produces. On August 1, 2009, Suncor completed its merger with Petro-Canada.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, Suncor Energy Inc. revenues decreased 18% to C$17.84B. Net income decreased 71% to C$689M. Revenues reflects a decrease in income from Oil Sands segment, lower sales from Natural Gas segment and decreased income from Refining & Marketing expenses. Net loss reflects an increase in depreciation, depletion & amortization expenses and higher operating, selling & general expenses.
Company Address
Suncor Energy Inc.
P.O. Box 38 112-4th Avenue S.W. Calgary AB T2P 2V5
P: +1403.2698100 F: +1403.2696200