Suncor Energy Inc. (SU) Bundle
An Overview of Suncor Energy Inc. (SU)
General Summary of Suncor Energy Inc.
Suncor Energy Inc. is a Canadian integrated energy company headquartered in Calgary, Alberta. Founded in 1917, the company operates primarily in oil sands, conventional oil, natural gas, and petroleum refining.
| Company Metric | 2024 Data |
|---|---|
| Headquarters | Calgary, Alberta, Canada |
| Total Employees | 13,201 |
| Total Assets | $89.4 billion |
Financial Performance
Suncor Energy's latest financial reporting reveals robust performance across key financial metrics.
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $47.6 billion |
| Net Income | $6.2 billion |
| Free Cash Flow | $8.3 billion |
Industry Leadership
Suncor Energy demonstrates significant market presence in the energy sector.
- Largest oil sands producer in Canada
- Integrated upstream and downstream operations
- Market capitalization of $59.7 billion
| Production Metric | 2024 Output |
|---|---|
| Total Crude Production | 738,000 barrels per day |
| Refinery Capacity | 463,000 barrels per day |
Mission Statement of Suncor Energy Inc. (SU)
Mission Statement of Suncor Energy Inc. (SU)
Suncor Energy's mission statement focuses on responsible energy development, sustainable operations, and creating value for stakeholders.
Core Components of Mission Statement
Energy Production and Sustainability
Suncor Energy produces 738,000 barrels of oil equivalent per day as of 2023. The company's key production metrics include:
| Production Segment | Daily Production Volume |
|---|---|
| Oil Sands Operations | 526,000 barrels per day |
| Offshore Newfoundland | 127,000 barrels per day |
| Renewable Energy | 85 MW of wind power capacity |
Operational Efficiency and Innovation
Suncor Energy's operational efficiency metrics for 2023:
- Carbon emissions reduction target: 35% by 2030
- Investment in technology: $250 million annually
- Water recycling rate: 90% in oil sands operations
Financial Performance and Stakeholder Value
Financial highlights for Suncor Energy in 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $47.8 billion |
| Net Income | $6.2 billion |
| Capital Expenditure | $4.5 billion |
| Dividend Yield | 4.3% |
Technological Innovation Focus
Suncor Energy's technological investments include:
- Advanced extraction technologies reducing water usage
- Autonomous haul truck fleet implementation
- Carbon capture and storage initiatives
Vision Statement of Suncor Energy Inc. (SU)
Vision Statement of Suncor Energy Inc. (SU)
Strategic Vision OverviewSuncor Energy Inc.'s vision focuses on sustainable energy transformation and responsible resource development.
Key Vision Components
Environmental LeadershipSuncor aims to reduce greenhouse gas emissions intensity by 33% by 2030 compared to 2014 baseline levels.
| Emission Reduction Target | Baseline Year | Target Year | Reduction Percentage |
|---|---|---|---|
| GHG Emissions Intensity | 2014 | 2030 | 33% |
Renewable energy investment targets include:
- $4.5 billion allocated to low-carbon projects by 2030
- Wind and solar power generation capacity expansion
- Hydrogen technology development
Production and financial targets for 2024:
| Metric | Projected Value |
|---|---|
| Daily Production | 670,000-720,000 barrels per day |
| Capital Expenditure | $4.2-4.6 billion |
Carbon capture and storage investments targeting 10-12 million tonnes of CO2 reduction annually by 2030.
Stakeholder Value Creation
Commitment to delivering shareholder returns while maintaining sustainable practices.
- Dividend yield approximately 4.5-5.2%
- Return on capital employed (ROCE) target of 10-12%
Core Values of Suncor Energy Inc. (SU)
Core Values of Suncor Energy Inc. (SU) in 2024
Safety as a Core Priority
Suncor Energy's safety performance in 2023 reported a Total Recordable Injury Frequency (TRIF) of 0.73 per 200,000 work hours.
| Safety Metric | 2023 Performance |
|---|---|
| Total Recordable Injury Frequency | 0.73 per 200,000 work hours |
| Lost Time Injury Rate | 0.21 per 200,000 work hours |
Environmental Sustainability
Suncor committed $1.4 billion to greenhouse gas emissions reduction initiatives in 2023.
- Reduced carbon emissions intensity by 6.5% compared to 2019 baseline
- Invested $300 million in renewable energy projects
- Targeting 10% absolute greenhouse gas emissions reduction by 2030
Indigenous Partnerships
Suncor spent $406 million with Indigenous and local businesses in 2023.
| Indigenous Engagement Metric | 2023 Performance |
|---|---|
| Procurement from Indigenous Businesses | $406 million |
| Number of Indigenous Partnerships | 37 active agreements |
Operational Excellence
Suncor achieved production of 756,200 barrels of oil equivalent per day in 2023.
- Upstream production: 640,400 barrels per day
- Downstream refining capacity: 460,000 barrels per day
- Operational reliability: 92.3%
Financial Responsibility
Suncor reported financial results for 2023:
| Financial Metric | 2023 Performance |
|---|---|
| Net Earnings | $5.8 billion |
| Free Funds Flow | $7.3 billion |
| Capital Investment | $4.5 billion |
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