Page 3 - Suncor 360 - Fall 2017
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Simply Steve – Strength in community 02 News – Q2 at a glance 03 Quick bites – News from around the business 04 Feature – Showing off our social side 05 Feature – A cause to celebrate 06 Feature – Meet us at the Agora 07 Feature – How we spent our summer 08 Feature – Survey says... 09 Feature – A home away from home 10 Views – Community service is our thing 12 Events and deadlines 13
See what employees have to say about our sustainability work.
Suncor Energy Inc. Employee Communications PO Box 2844, 150 – 6 Avenue S.W.
Calgary, Alberta T2P 3E3
Toll Free: 1-866-SUNCOR-1
360 editor
Erin Harde, 403-296-4751
Information in this publication is current as of September 8, 2017
Printed in Canada.
Forward-Looking Statements – Suncor’s 360 publication contains certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of Canadian and U.S. securities laws. Some of the forward-looking statements may be identi ed by words such as “objective”, “targeted”, “estimated”, “anticipate”, “planned”, “goal”, “strategy”, “expect”, “intended”, “continue”, “may”, “will”, “outlook”, “opportunity”, “illustrative”, “projected”, “focus”, “aim”, “potential”, “scheduled”, “would”, “could”, “future”, “may” and similar expressions. Forward-looking statements in this publication include references to: Suncor’s commitment to fostering sustainable, resilient communities; anticipated strong Oil Sands asset performance going forward; that the Fort Hills project cost estimate is on track with  rst oil expected at the end of 2017; the expectation that the East Tank Farm Development will support Fort Hills operations following  rst oil; that  rst oil from the Hebron project remains on track for the end of 2017;  rst oil from the West White Rose Project targeted for 2022, with the company’s share of peak oil production estimated to be 20,000 boe/d; and Suncor’s social goal aimed at building greater mutual trust and respect with the Aboriginal Peoples of Canada.
All forward-looking statements are based on Suncor’s current expectations, estimates, projections and assumptions that were made by the company in light of its experience and its perception of historical trends including: expectations and assumptions concerning the accuracy of reserves and resources estimates; commodity prices and interest and foreign exchange rates; the performance of assets and equipment; capital ef ciencies and cost savings; applicable laws and government policies, including royalty rates and tax laws; future production rates; the suf ciency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the satisfaction by third parties of their obligations to Suncor; and the receipt, in a timely manner, of regulatory and third-party approvals. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to our company.
Suncor’s Management’s Discussion and Analysis dated July 26, 2017 (the “MD&A”), Suncor's most recent Annual Information Form, Form 40-F and Annual Report to Shareholders, and other documents Suncor  les from time to time with securities regulatory authorities describe the risks, uncertainties, material assumptions and other factors that could in uence actual results and such factors are incorporated herein by reference. Copies of these documents are available without charge from Suncor at 150 6th Avenue S.W., Calgary, Alberta T2P 3E3, by calling 1-800-558-9071, or by email request to or by referring to the company’s pro le on SEDAR at or EDGAR at Except as required by applicable securities laws, Suncor disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Non-GAAP Measures – Certain  nancial measures in this edition of 360 – namely operating earnings (loss), funds from operations and Oil Sands operations cash operating costs per barrel – are not prescribed by Canadian generally accepted accounting principles (“GAAP”). All non-GAAP measures presented herein do not have any standardized meaning and therefore are unlikely to be comparable to similar measures presented by other companies. Therefore, these non-GAAP measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. All non-GAAP measures are included because management uses the information to analyze business performance, leverage and liquidity and therefore may be considered useful information by investors. These non-GAAP measures are de ned and reconciled in the MD&A.
Barrels of Oil Equivalent – Certain natural gas volumes in this edition of 360 have been converted to barrels of oil equivalent (“boe”) on the basis of one barrel to six thousand cubic feet. Any  gure presented in boe may be misleading, particularly if used in isolation. A conversion ratio of one barrel of crude oil or natural gas liquids to six thousand cubic feet of natural gas is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is signi cantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.
FALL 2017

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