Page 20 - Suncor AR English

MANAGEMENT’S DISCUSSION

AND ANALYSIS

February 24, 2014

This Management’s Discussion and Analysis (MD&A) should be

read in conjunction with Suncor’s December 31, 2013 audited

Consolidated Financial Statements and the accompanying notes.

Additional information about Suncor filed with Canadian

securities regulatory authorities and the United States Securities
and Exchange Commission (SEC), including quarterly and

annual reports and the Annual Information Form dated

February 28, 2014 (the 2013 AIF), which is also filed with the

SEC under cover of Form 40-F, is available online at

www.sedar.com, www.sec.gov and our website,
www.suncor.com. Information contained in or otherwise

accessible through our website does not form a part of this

MD&A, and is not incorporated into this MD&A by reference.

References to ‘‘we’’, ‘‘our’’, ‘‘Suncor’’, or ‘‘the company’’ mean

Suncor Energy Inc., its subsidiaries, partnerships and joint

arrangements, unless the context requires otherwise. For a list

of abbreviations that may be used in this MD&A, refer to the

Advisories – Common Abbreviations section of this MD&A.

16 SUNCOR ENERGY INC. ANNUAL REPORT 2013