Suncor Energy’s downstream operations include more than 1800 retail locations that market petroleum and petrochemical products under the Petro-Canada name. The company has diversified into International and Offshore production of natural gas, liquids, and crude oil but the oil sands make up 7.37 billion barrels of the company’s 7.79 billion barrels of proveable reserves (as of November 2022). The company is headquartered in Calgary, Alberta where the bulk of its operations lay. Notably, Suncor Energy Inc.’s predecessor was the 1st company to extract oil from the Athabasca oil sands where it is the largest operator. The company’s primary focus is developing petroleum resource basins in Canada's Athabasca oil sands. Suncor Energy went public in 1992 and has seen its shares rise meteorically in that time.
After several major acquisitions and mergers, it is also the 2nd largest energy company in Canada and the 11th largest publicly traded company. Today, Suncor Energy operates as an integrated energy company in Canada and the U.S. The merger combined Sunoco’s refinery, oil sands, and refinery businesses into a single unit as part of its exit from Canada and repositioning as a pure play on fuel distribution. The company was first formed in 1919 as a subsidiary of Sun Oil and was later merged with another of Sun Oil’s (now Sunoco’s) subsidiaries to form the entity traded today. was formed in 1979 but its history is much deeper than that. Shoe Carnival Is A Comfortable Fit For Income Investors.Samsara is an IoT, Big Data, and AI Triple Threat.Ollie’s Bargain Outlet Is In The Sweet Spot.
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