Suncor Energy

Directory Category: Exploration & Production

suncor

Suncor was founded in 1919 in Montreal as Sun Company of Canada, a subsidiary of Sun Oil (now Sunoco). In 1979, Sun formed Suncor by merging its Canadian refining and retailing interests; Great Canadian Oil Sands (a majority-owned subsidiary, which constructed and operated the first commercial plant to develop Canada’s Athabasca oil sands and went on production in 1967); and its conventional oil and gas interests.

In 1981, the Government of Ontario purchased a 25% stake in the company; it divested in 1993. In 1993 Sun Oil also divested its interest in the company, although Suncor maintained the Sunoco retail brand in Canada. Suncor took advantage of these two divestitures to become an independent, widely-held public company..

Company website – www.suncor.com