Suncor Energy closes purchase of additional interest in Syncrude
February 26 2018 - 05:30PM
Suncor today announced it has closed the transaction to purchase a
5% interest in Syncrude from Mocal Energy.
The US$730 million, or approximately Cdn$925 million, purchase
price is subject to closing adjustments and is based on an
effective date of Jan.1, 2018.
Through this transaction Suncor's share in the Syncrude joint
venture has increased from 53.74% to 58.74%. The Syncrude joint
venture partners are Suncor (58.74%), Imperial Oil Resources (25%),
Sinopec Oil Sands Partnership (9.03%) and Nexen Oil Sands
Partnership (7.23%).
Suncor Energy is Canada's leading integrated energy company.
Suncor's operations include oil sands development and upgrading,
offshore oil and gas production, petroleum refining, and product
marketing under the Petro-Canada brand. A member of Dow Jones
Sustainability indexes, FTSE4Good and CDP, Suncor is working to
responsibly develop petroleum resources while also growing a
renewable energy portfolio. Suncor is listed on the UN Global
Compact 100 stock index. Suncor's common shares (symbol: SU) are
listed on the Toronto and New York stock exchanges.
For more information about Suncor, visit our web site at
suncor.com, follow us on Twitter @Suncor or together.suncor.com
Media inquiries:403-296-4000media@suncor.com
Investor inquiries:800-558-9071invest@suncor.com
Suncor Energy (TSX:SU)
Historical Stock Chart
From Feb 2024 to Mar 2024
Suncor Energy (TSX:SU)
Historical Stock Chart
From Mar 2023 to Mar 2024