oil company . for the australian financial company see suncorp group . suncor energy inc. type public traded as tsx su nyse su s & p tsx 60 component industry oil and gas founded montreal quebec canada in 1919 headquarters calgary alberta canada key people john ferguson chairman of the board ; steven williams executive ceo products petroleum natural gas petrochemicals and others revenue 40.4 billion can 2014 1 net income 2.6 billion can 2014 2 total assets can 79.6 billion 2014 3 total equity can 41.6 billion 2014 3 number of employees 13 026 2011 3 website www.suncor.com suncor energy is a canadian integrated energy company based in calgary alberta . it specializes in production of synthetic crude from oil sands . suncor ranks number 134 in the forbes global 2000 list . 4 until 2010 suncor marketed products and services to retail customers in ontario through a downstream network of 280 branded as sunoco and 200 customer operated retail and diesel sites . following the acquisition of former crown corporation petro canada suncor converted its sunoco stations which were all in ontario to petro canada sites in order to unify all of its downstream retail operations under the petro canada banner throughout canada . it also enabled the company to discontinue paying licensing fees for the sunoco brand to sunoco inc. in the united states . nationwide petro canada s upstream product supplier and parent company is suncor energy . suncor also markets through a retail network of phillips 66 branded outlets in colorado . contents 1 history 1.1 1919 2000 1.2 2000 present 2 operations 2.1 bitumen oil and natural gas production 2.2 refining 2.3 retail 2.4 aircraft fleet 3 environmental record 4 awards and honours 5 see also 6 references 7 external links history edit 1919 2000 edit 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 1995 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 . 2000 present edit on march 23 2009 suncor announced the acquisition of petro canada . 5 6 this merger created a company with a combined market capitalization of c 43.3 billion . on 4 june 2009 a 98 % approval rate was reached by suncor s shareholders for the acquisition of petro canada and the competition bureau approved the merger on june 21 2009 . 7 8 the merger with canada s 11th largest company was completed on august 1 2009 9 in a 21 billion deal to form the second largest company in canada after royal bank of canada in terms of market capitalization . 10 on 27 june 2013 the company ranked first in a table of canada s 100 biggest companies by revenue published by the globe and mail . in october 2015 suncor launched a hostile takeover bid for canadian oil sands worth around 3.29 billion following rejected advances earlier in the year in march and april . 11 on 27 april 2016 suncor announced that they had reached a 937 million deal to acquire murphy oil corp. s five per cent stake in the syncrude project north of fort mcmurray alta . this follows the takeover of canadian oil sands less than a year ago and will increase its interest in syncrude from just under 49 per cent to nearly 54 per cent making it the majority shareholder of the project . 12 operations edit in north america suncor develops and produces oil and natural gas in western canada colorado and offshore drilling in eastern canada . its international efforts include offshore developments in the north sea and conventional land based efforts in libya syria and trinidad and tobago . suncor operates refineries in edmonton alberta ; sarnia ontario ; montreal quebec and commerce city colorado . these refineries supply industrial retail and commercial consumers . the company is also one of the largest canadian retailers of petroleum products . 13 bitumen oil and natural gas production edit suncor is the world s largest producer of bitumen and owns and operates an oil sands upgrading plant near fort mcmurray alberta canada . originally developed by great canadian oil sands a majority owned subsidiary of sun oil it is now wholly owned by the independent suncor . it was the first commercial development on the athabasca oil sands although small earlier projects like that at bitumount also played a role in development . the company holds a 36.75 % interest in the joslyn north oil sands project which was shelved pending an economic review by operator total s.a. in may 2014 . the company also produces conventional oil heavy crude oil and natural gas . 14 refining edit in canada suncor operates refineries in alberta ontario and quebec . the company also has a refinery in colorado us . the company s 135 000 barrel per day edmonton refinery runs entirely on oil sands based feedstocks and produces a high yield of light oils . a 137 000 barrel per day montreal refinery produces gasoline distillates asphalts heavy fuel oil petrochemicals solvents and feedstock for lubricants . an 85 000 barrel per day refinery in sarnia ontario produces gasoline kerosene jet and diesel fuels . a 98 000 barrel per day refinery in commerce city colorado produces gasoline diesel fuel and paving grade asphalt . 14 retail edit sunoco logo . petro canada is the brand identity of suncor s service stations throughout canada . in december 2009 husky energy announced that it had entered into an agreement with suncor energy and suncor energy products to purchase 98 retail outlets in the ontario market . 15 these gas stations were to be converted from sunoco to the husky brand . suncor operated retail fuel operations under the brand names of sunoco exclusively in ontario until the merger of petro canada and suncor energy on august 1 2009 . suncor now sells its products under the petro canada name across canada . suncor has also converted many sunoco branded gas stations to petro canada stations . as of 2013 all former sunoco branded stations are operating under either the petro canada or husky names . in the united states it operates retail outlets in colorado as shell and phillips 66 under licence from shell oil company the united states subsidiary of royal dutch shell and phillips 66 respectively . 16 on april 13 2012 suncor energy products inc. paid a 500 000 fine for being found guilty of price fixing by one of the company s gas stations in ontario . this result came from a larger investigation into price fixing by ontario gasoline retailers . 17 aircraft fleet edit suncor energy owns and operates three bombardier crj900er aircraft as of august 2016 . 18 environmental record edit according to a pollution watch fact sheet in 2007 suncor energy s oil sands operations had the sixth highest greenhouse gas emissions in canada . 19 20 while suncor has reduced the greenhouse gas emissions intensity of its oil sands operations by more than 50 % since 1990 total greenhouse gas emissions from the company s operations have increased because of growing oil sands production . on april 2 2009 suncor was fined 675 000 for failing to install pollution control equipment at its firebag operation near fort mcmurray alberta in july 2006 . on the same day suncor was fined 175 000 21 for dumping untreated wastewater from a company work camp near fort mcmurray into the athabasca river in 2007 . 22 23 in the united states suncor has also been fined by the colorado department of public health and environment . in april 2012 a fine of 2.2 million was assessed for air pollution . suncor failed to monitor and control emissions a number of times throughout 2009 and 2010 and numerous emissions exceeded regulations . 24 suncor was also cited for failure to conduct equipment inspections train employees and fully develop standard procedures for operating equipment . 25 additionally a benzene leak into sand creek was discovered in the fall of 2011 . employees at suncor and the nearby metro wastewater reclamation district plant were exposed to benzene through the air and through drinking water . 26 27 by 2009 suncor was working to reduce the amount of bitumen entering tailings ponds . in 2009 under the auspices of the natural sciences and engineering research council of canada nserc suncor teamed with the university of alberta and matrikon an edmonton based software company to develop separation cell technology to potentially reduce the amount of bitumen entering tailings ponds by 50 per cent . 28 by 2009 suncor operated four wind farms . these provided 147 megawatts of power providing an annual co2 offset of 284 000 tonnes compared to coal generated electricity . citation needed when suncor operates an ethanol facility in st. clair ontario . this ethanol is blended into retail gasoline products sold at sunoco and some petro canada service stations . awards and honours edit in 2007 suncor energy was named one of canada s top 100 employers as published in maclean s magazine the largest oilsands development firm to receive this honour . 29 in october 2008 suncor was named one of canada s top 100 employers by mediacorp canada inc. and was featured in maclean s newsmagazine . later that month suncor was also named one of alberta s top employers which was announced by the calgary herald 30 and the edmonton journal . 31 32 see also edit companies portal canadian centre for energy information history of the petroleum industry in canada oil sands and heavy oil history of the petroleum industry in canada scotford upgrader syncrude largest petroleum companies canada list of articles about canadian tar sands references edit http www.sedar.com getfile.do lang en & docclass 5 & issuerno 00001048 & filename csfsprod data150 filings 02313093 00000001 c % 3a % 5ca sedar % 5csuncor 2 % 5cfs en.pdf http www.sedar.com getfile.do lang en & docclass 5 & issuerno 00001048 & filename csfsprod data150 filings 02313093 00000001 c % 3a % 5ca sedar % 5csuncor 2 % 5cfs en.pdf a b c 2011 annual report su pdf . suncor . retrieved 2012 07 12 . suncor energy on the forbes global 2000 list . april 2012 . retrieved 2012 11 12 . suncor petro canada merge . canoe . march 23 2009 . suncor petro canada announce merger . cbc news . 2009 03 23 . retrieved 2009 12 08 . suncor shareholders add support to petrocan deal ctv 4 june 2009 cite web url http www.petro canada.ca en media 1886 . aspx id 1020094 % 7ctitle competition bureau approves merger date 4 june 2009 publisher petro canada suncor petro canada complete merger . bizjournals . 2009 08 06 . retrieved 2009 08 11 . a united petro canada and suncor canada s second biggest company after the royal bank of canada . national post . 2009 03 23 . retrieved 2009 08 11 . suncor energy launches 4.3 billion hostile bid for canadian oil sands . reuters . 6 october 2015 . suncor snags majority control of syncrude with 937m murphy oil deal . ctv news . 2011 annual report p. 22 pdf . retrieved 2012 06 14 . a b 2011 annual report p. 22 pdf . retrieved 2012 06 14 . husky energy announces