Suncor - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Suncor M&A Summary

Suncor has acquired 2 companies, including 1 in the last 5 years. It has also divested 4 assets.

Suncor’s largest acquisition to date was in 2016, when it acquired Canadian Oil Sands for $6.6B. It’s largest disclosed sale occurred in 2016, when it sold Suncor Energy - Petro-Canada Lubricants Business to HF Sinclair for $855M. The Company’s most targeted sectors include energy services and equipment (100%).

Suncor Business Overview

Where is Suncor headquartered?

Suncor is headquartered in Calgary, Alberta.

What is Suncor’s revenue?

Suncor disclosed revenue of 58,336M CAD for 2022 and 39,132M CAD for 2021.

How many employees does Suncor have?

Suncor has 12,591 employees.

What sector is Suncor in?

Suncor is an energy services and equipment company.

When was Suncor founded?

Suncor was founded in 1917.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity2
    • M&A Sell Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

Suncor

Suncor Energy, Inc.

150 - 6th Avenue SW Box 2844,
Calgary, Alberta T2P 3E3
Canada,
(403) 296-8000
www.suncor.com

Suncor is an integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the petro-canada brand. Suncor was founded in 1917 and is based in Calgary, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 1 - 1 - - - 2
vol $6.6B $6.6B
Sell (0.2/yr) # 3 - - 1 - - 4
vol $2.0B $2.0B
  6

Most Recent M&A

Company Date Value Type
Suncor Energy Norge AS 2022-08-05 - Divestiture
Stavanger, Norway
Svante, Inc. 2021-03-18 - Stake Purchase
Burnaby, British Columbia · www.svanteinc.com
Suncor Energy - Petro-Canada Lubricants Business 2016-10-31 855M CAD Divestiture
Mississauga, Ontario
Canadian Oil Sands Ltd. 2016-01-18 6.6B USD Add-on Acquisition
Calgary, Alberta · www.cdnoilsands.com
CQ Energy Canada Partnership 2013-04-15 760M CAD Divestiture
, Canada
Suncor Energy - Trinidad and Tobago Portfolio of Gas Assets 2010-02-25 380M USD Divestiture
, Trinidad and Tobago
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 2 (100%) 6.6B (100%) 1 (25%) -
Oil/Gas Exploration - - 3 (75%) 2.0B (100%)
Total 2 $6.6B 4 $2.0B

By Geo

State/Country Buy Value Sell Value
Canada 2 6.6B 2 1.6B
  British Columbia 1 - - -
  Alberta 1 6.6B - -
  Ontario - - 1 855M
Norway - - 1 -
Trinidad and Tobago - - 1 380M
Domestic 2 (100%) 6.6B (100%) 2 (50%) 1.6B (81%)
Cross-border - - 2 (50%) 380M (19%)
Total 2 $6.6B 4 $2.0B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 1
Legal Deals
Sullivan & Cromwell
 1
Blake, Cassels & Graydon LLP
 1

Deal Values

buy # Total
> $1B 1 $6.6B
TOTAL $6.6B
Largest Canadian Oil Sands Ltd.
$6.6B (2016-01-18)
sell # Total
$100M to $1B 3 $2.0B
TOTAL $2.0B
Largest Suncor Energy - Petro-Canada Lubricants Business
$855M (2016-10-31)

M&A Connections

Deals
Divested to
Strategic(s)
100%
4 (100%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

58,336   50% 2022
39,132   59% 2021
24,662   39% 2020
39,866   4% 2019
38,542   21% 2018
32,051   20% 2017
26,807   9% 2016
29,208   27% 2015
39,862   2014
(millions of CAD) Show More Show Less

Employees

12,591

Established

1917

Public

NYSE: SU

Former Name

Suncor Inc.

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