Page 32 - Suncor AR English

SEGMENT RESULTS AND ANALYSIS

REFINING AND MARKETING
CORPORATE, ENERGY TRADING AND

ELIMINATIONS

Suncor’s Refining and Marketing segment consists of two
primary operations:
The grouping Corporate, Energy Trading and

• Refining and Supply operations refine crude oil into a Eliminations includes the company’s investments in
renewable energy projects, results related to energy
broad range of petroleum and petrochemical products.
Eastern North America operations include refineries marketing, supply and trading activities, and other activities
not directly attributable to any other operating segment.
located in Montreal, Que´bec and Sarnia, Ontario, and a
lubricants business located in Mississauga, Ontario that • Renewable Energy interests include six operating

manufactures, blends and markets products worldwide. wind power projects across Canada, two wind power
Western North America operations include refineries projects under development in Ontario, and the

located in Edmonton, Alberta and Commerce City, St. Clair ethanol plant in Ontario.
Colorado. Other Refining and Supply assets include
interests in a petrochemical plant, pipelines and product • Energy Trading activities primarily involve the
marketing, supply and trading of crude oil, natural gas
terminals in Canada and the U.S.
and byproducts, and the use of midstream
• Downstream Marketing operations sell refined infrastructure and financial derivatives to optimize
petroleum products and lubricants to retail, commercial
related trading strategies.
and industrial customers through a combination of
company-owned, branded-dealer and other retail • Corporate activities include stewardship of Suncor’s
debt and borrowing costs, expenses not allocated to
stations in Canada and Colorado, a nationwide
commercial road transport network in Canada, and a the company’s businesses, and the company’s captive
insurance activities that self-insure a portion of the
bulk sales channel in Canada.
company’s asset base.

• Intersegment revenues and expenses are removed from
consolidated results in Group Eliminations.

Intersegment activity includes the sale of product
between the company’s segments and the provision of

insurance for a portion of the company’s operations by
the Corporate captive insurance entity.

28 SUNCOR ENERGY INC. ANNUAL REPORT 2013