Page 37 - MIC 2014 - English

For our senior executives in 2013, including the NEOs, annual total direct compensation is targeted at the median of the

companies (the ‘‘Suncor Compensation Peers’’) identified in the table below. The same peer group is used for
benchmarking director compensation. As noted above, Suncor ranks as one of the largest companies, as compared to the

Suncor Compensation Peers, in relation to revenues, market capitalization and assets. For Suncor’s ranking as compared to
the Suncor Compensation Peers, see page 26 of this management proxy circular.

Canada
U.S.

Canadian Natural Resources Ltd. Anadarko Petroleum Corporation

Cenovus Energy Inc.
Apache Corporation
Enbridge Inc.
Chesapeake Energy Corporation

Encana Corporation
Chevron Corporation
Husky Energy Inc. ConocoPhillips

Imperial Oil Ltd.
Devon Energy Corporation
Talisman Energy Inc. EOG Resources Inc.

TransCanada Corporation
Hess Corporation
Marathon Oil Corporation

A similar peer group of companies is used in determining comparing company shareholder return performance). We
the relative TSR performance for our PSU grants as include only comparable North American upstream and

described on page 68 of this management proxy circular. integrated energy companies within the PSU peer group
Differences in the peer groups reflect the specific purpose that have similar business strategies, characteristics and

of each group (i.e., benchmarking of executive pay versus
commodity price exposure.

SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014 35