Suncor Energy, Canada’s leading integrated energy company, announced that it is assessing the transaction to acquire TotalEnergies’ Canadian operations after ConocoPhillips Canada exercised its right of first refusal with respect to TotalEnergies’ 50 percent working interest in the Surmont asset. Suncor’s agreement to acquire TotalEnergies’ Canadian operations was conditional upon ConocoPhillips waiving its right of first refusal in respect of the Surmont working interest.
Suncor’s operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States, and the company’s Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging EV stations. Suncor is also investing in power, renewable fuels, and hydrogen to advance the transition to a low-emissions future. Suncor’s common shares are listed on the Toronto and New York stock exchanges, and the company has been recognised for its performance and transparent reporting on various sustainability indices.
For more information visit www.suncor.com
