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Suncor Energy Inc. operates as a leading integrated energy company with a robust focus on developing petroleum resource basins, particularly Canada's Athabasca oil sands. The company engages in a comprehensive range of activities including exploration, acquisition, development, production, transportation, refining, and marketing of crude oil both domestically in Canada and internationally. Under the Petro-Canada brand, Suncor markets petroleum and petrochemical products primarily within Canada. The company's operations are structured into four key segments: Oil Sands, Exploration and Production, Refining and Marketing, and Corporate and Eliminations.
In the Oil Sands segment, Suncor recovers bitumen through mining and in situ operations, which is then upgraded into refinery feedstock, diesel fuel, or blended with diluent for direct market sales. The Exploration and Production segment focuses on offshore operations in Canada's east coast and the North Sea, along with onshore assets in regions like Libya and Syria. The Refining and Marketing segment is responsible for refining crude oil and intermediate feedstock into various petroleum and petrochemical products, distributing these products to retail, commercial, and industrial customers, including through other retail sellers.
Additionally, Suncor Energy Inc. operates four wind farms in Ontario and Western Canada through its Corporate and Eliminations segment, further diversifying its energy portfolio. Beyond its core activities, the company is actively involved in marketing and trading crude oil, natural gas, byproducts, refined products, and power across global markets. Founded in 1917 and headquartered in Calgary, Canada, Suncor Energy Inc. has evolved into a pivotal player in the energy sector, consistently driving innovation and sustainability in its operations.
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