What makes Suncor different from other energy companies?
Suncor’s long-life, low-decline asset base, strong balance sheet and integrated model create an advantage. What sets us apart from our peers is our approach to sustainability, technology and innovation, which will help us achieve our social goal, further reduce our carbon emissions intensity by 30% by 2030 through a GHG goal, and grow the cash flow from our business. Making the most of these differentiators has contributed to our industry-leading position and provides the foundation for increasing long-term returns to shareholders.
Long-life, low-decline reserve base
We are working to unlock value from Alberta’s extensive resources through a continued focus on responsible development and cost discipline. Our focus on operational excellence helps to unlock the full value of these resources for all of Canada.
Sustainable development
We continue to be focused on being a trusted producer of energy while demonstrating sustainability leadership in:
- environmental performance
- social responsibility
- economic prosperity
A proven integrated model
From the ground to the gas station, we optimize value through each link in the value chain. Our flexible model allows us to capture the shift in value between operating segments during periods of market volatility and limits Suncor’s exposure to crude differentials, with a significant portion of bitumen production being upgraded to higher-priced light oil and refined products.
The company’s midstream assets and pipeline commitments, strategically acquired with the future in mind, provide operational flexibility through secured market access, including to the U.S. Gulf Coast and other international markets.
Financial strength
We aim to deliver competitive, sustainable and increasing returns and benefits to our stakeholders, by focusing on capital discipline, operational excellence, and long-term profitable growth. We have returned value to shareholders through consistent dividend growth, with 2018 marking the 16th consecutive year we increased our cumulative annual dividend, while also significantly increasing our share repurchase program.
Suncor’s commitment to sustainable development
Continuous sustainability improvement is critical to our business strategy, and it’s woven into the very fabric of the organization. Suncor’s chief sustainability officer reports directly to our chief executive officer.