Suncor Energy (SU) Registration Filing summary

Company overview and business model

• Integrated energy company with operations in oil sands, offshore oil, petroleum refining, and retail/wholesale distribution, including a national EV charging network.

• Focuses on developing petroleum resources while investing in power and renewable fuels to support a low-emissions transition.

• Engages in energy trading, marketing crude oil, natural gas, refined products, and power.

Financial performance and metrics

• No material changes in share and loan capital since March 31, 2024, except for the repurchase of 9,761,650 common shares (~$387 million) as of May 31, 2024.

• Financial statements prepared in accordance with Canadian GAAP and IFRS, with differences from U.S. standards.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including reducing short-term borrowings, repaying debt, and supporting capital spending and working capital.

• Pending use, proceeds may be invested in short-term marketable securities.