Suncor Energy Inc. is a Canadian integrated energy company that specializes in the exploration, production, refining, and marketing of oil and natural gas. The company has a rich history that dates back to its founding in 1917 as the Sun Company of Canada. In 1967, the company underwent a merger with Great Canadian Oil Sands, becoming Suncor Energy, the name it carries today. The company is headquartered in Calgary, Alberta, Canada. Suncor Energy is a publicly-traded company, and its shares are listed on the Toronto Stock Exchange (TSX) under the ticker symbol "SU" and on the New York Stock Exchange (NYSE) under the ticker symbol "SU."
Suncor Energy is one of the largest energy companies in Canada and is a major player in the country's oil sands industry. The company's primary operations are focused on the Athabasca Oil Sands in Alberta, where it extracts bitumen from the sands and converts it into synthetic crude oil through its upgraders. Additionally, Suncor also engages in conventional oil and gas exploration and production both in Canada and internationally.
As a vertically integrated company, Suncor is involved in various stages of the energy value chain. Beyond extraction and production, they also own and operate refineries, marketing and retail operations, and even invest in renewable energy projects.
Over the years, Suncor has been actively expanding its operations and investing in technologies to improve its environmental performance. The company has been exploring ways to reduce its carbon footprint and increase its focus on clean energy initiatives. However, it continues to be primarily associated with oil and gas production and refining, making it a prominent player in the energy sector in Canada and beyond.