Page 11 - Suncor AR English

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Suncor’s ability to generate signiicant free cash

low has contributed to a very strong balance
sheet, effectively positioning the company to take

advantage of growth opportunities and maximize
shareholder value.

Our focus on capital discipline has resulted in
capital expenditures that are well below our cash

low from operations for the past four years.
Financial strength

We increased our dividend to shareholders twice
in the past year, irst in May 2013 by 54% and

again in February 2014 by 15%.

We have repurchased over 7% of Suncor’s

outstanding shares since 2011.

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Suncor has been an industry leader in sustainable
development, with a focus on delivering triple bottom line

results in environmental, social and economic performance.
We have four public “beyond compliance” environmental

goals, focused on land reclamation, air emissions, freshwater
use and energy eficiency, and we are currently developing

new long-term environmental and social goals.

We are a founding member and proud leader of COSIA,
Sustainable which is driving environmental performance improvements

development
across the industry.

Suncor supports the development of strong, sustainable

communities and contributed over $130 million in 2013.

For more information on our sustainable development
refer to Suncor’s 2013 Report on Sustainability.
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Suncor pioneered commercial oil sands

development and continues to advance
technology through innovation to improve

eficiencies, lower costs and through
industry collaboration by enhancing

environmental performance.

We continue to make signiicant investments
in research and development to progress our

Industry expertise
portfolio of promising technologies.

Our Reining and Marketing operations have

consistently led our North American peers on a

net earnings per barrel of crude capacity basis.

SUNCOR ENERGY INC. ANNUAL REPORT 2013 7