Overview
Description
Suncor Energy Inc. is a significant player in the energy sector, primarily focused on the exploration, production, and marketing of crude oil and natural gas. Essentially, Suncor is engaged in the entire fossil fuel supply chain, with operations encompassing oil sands extraction, refining, distribution, and marketing of petroleum products. This Canadian-based company is noted for its substantial involvement in the oil sands region of Alberta, one of the largest petroleum reserves globally, where Suncor's extensive oil sands projects contribute significantly to its output.
Moreover, Suncor owns and operates refineries that convert crude oil into a wide array of petroleum products, providing processed fuels and lubricants across North America. Its operations also include renewable energy initiatives, notably in wind and biofuels, reflecting a commitment to more sustainable energy practices. Suncor's market significance lies in its dual capacity to balance traditional energy production with innovative approaches to environmental sustainability, positioning itself as an industry leader in transitioning towards a more diverse energy future.
About
CEO
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Instrument type
Common stock
Sector
Industry
Country
Germany
MIC code
XSTU