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Suncor Energy Inc. (French: Suncor Énergie) is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands . In the 2020 Forbes Global 2000 , Suncor Energy was ranked as the 48th-largest public company in the world.
Suncorp Group Limited, known simply as Suncorp, is an Australian finance, insurance and banking corporation based in Brisbane, Queensland, Australia.It was formed on 1 December 1996 by the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation (QIDC), and is one of Australia's mid-sized banks (by combined lending and deposits) and its largest general insurance group.
On March 23, 2009, Suncor Energy announced its intent to acquire Petro-Canada, which would form a company with a combined market capitalization of C$43.3 billion. Suncor planned to rebrand its existing Sunoco-branded retail operations in Ontario under the Petro-Canada name following the completion of the acquisition. [5] [6] [7] [8]
By 2013, Suncor and CNRL—Canada's two largest petroleum companies were also among top eleven of the country's most valuable companies. [13] In 2011, Canadian Natural Resources, overtook Suncor to become Canada's largest producer. Suncor produced 549,000 boe/d in 2012 only slightly higher than in 2011. [14]
Following Suncor's acquisition of Petro-Canada, all Canadian Sunoco outlets were converted to Petro–Canada branding, [26] except for one location in Port Colborne, Ontario, which closed in 2023. In December 2010, Sunoco sold its refinery in Toledo, Ohio , to PBF Energy, Inc. for $400 million.
At Suncor , Canada's largest energy company, bland has replaced bold. In just over a year after taking over as the company's Chief Executive, Steve Williams has slashed production targets ...
Suncor Great Canadian Oil Sands Limited was a Canadian heavy oil company that existed between 1953 and 1979. In 1962, GCOS received a permit from the Alberta government to build a 31,500 barrels-per-day synthetic crude plant in the Athabasca oil sands .
Suncor Energy (formerly Petro-Canada prior to merger in Aug 2009) still operates from the site as a storage terminal. It was the third refinery to close along Lake Ontario; Shell's Oakville refinery was closed in 1983, and Esso's Mississauga, Ontario refinery located further east on Lakeshore Road closed in 1985.