Suncor works with government industry and community groups to develop a coordinated long-term approach to address social and economic effects of oil sands development. Suncor’s investment in the project will benefit nearby communities the Province and Canada through: employment opportunities; promotion of economic growth and business .
Suncor once the second most valuable company in Canada behind Royal Bank of Canada has plunged an astounding 63 per cent this year from $42.56 per share on Jan. 1 to $15.55 each on Oct. 1 marking the company’s lowest price since 2003 when it was a much smaller oil producer.
Suncor's oil sands mining operations are located near Fort McMurray in northern Alberta and include the Millennium and North Steepbank sites as well as the Suncor-operated Fort Hills mine. Suncor has a 58.74% interest in the Syncrude joint venture. Additionally Suncor has a 100% interest in the Voyageur South mining lease.
Oil sands miner Suncor leads pack Any company with annual revenues of over $7.4 billion is a contender for the top spot on many lists. In the case of the largest 40 Canadian mining companies the honour goes to Suncor Energy thanks to its oil sands income alone. The rising price of oil continues to bolster Suncor's bottom line.
Suncor Energy Inc. Canada’s biggest oil-sands producer will trim 10% to 15% of its workforce in the next 18 months joining a long list of energy companies in Alberta that have announced layoffs following a collapse in fuel demand due to the virus.
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea according to people with knowledge of the matter. Suncor is studying divesting the 30000-barrel-a-day Golden Eagle Area on the U.K. side of the sea the people said.
Suncor Energy Inc. has been chosen as one of: Canada's Top 100 Employers Alberta's Top Employers Canada's Best Diversity Employers The Career Directory.