Page 12 - Suncor AR English

SUNCOR’S VALUE CHAIN

SUNCOR’S INTEGRATED

BUSINESS MODEL

Suncor’s integrated, diversiied business model aims to

maximize the market price received and net margins realized

for upstream production. Suncor has operations in all stages

of the oil and gas industry – from resource extraction through

to reining and retail.

How is Suncor’s business model

integrated?

Through mining and in situ technology, we extract oil

sands and upgrade a large portion of bitumen production

into more valuable light products.

With the addition of hot bitumen assets at Oil Sands, we

have increased our lexibility and ability to sell bitumen
directly to market.

We process synthetic and heavy crude oil into more

valuable reined petroleum products.

We optimize price realizations for oil sands barrels by

leveraging midstream infrastructure.

Our remaining crude oil production in the Exploration
and Production business receives Brent-based pricing.

We market reined fuels and specialty products to
consumers through our broad network of retail,

wholesale and lubricants channels.

8 SUNCOR ENERGY INC. ANNUAL REPORT 2013