The economic benefits of Suncor's success extends well beyond the returns we provide to shareholders. Learn more about our contribution to the economy

The economic benefits of Suncor's success extends well beyond the returns we provide to shareholders. Learn more:

The economic benefits of Suncor's success extends well beyond the returns we provide to shareholders. Learn more about our contribution to the economy

The economic benefits of Suncor's success extends well beyond the returns we provide to shareholders. Learn more about our contribution to the economy

Suncor is helping create well-paying jobs, promote economic growth in Canada and provide governments and suppliers with valuable revenues.

Contribution to economy

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The economic benefits of our success extend well beyond the returns we provide to shareholders. In 2016, we contributed a combined $418 million in royalties and taxes for governments – revenues that were then available to help fund public sector programs, including education, health care and vital infrastructure.

Royalties and taxes

In 2016, royalties totalled $265 million, including $52 million directed to oil sands royalties. As well, income taxes totalled $153 million to governments in Canada and internationally.*

* Does not include excise taxes collected and remitted by Suncor.

Capital spending

Capital and exploration expenditures totalled $6 billion in 2016, not including capitalized interest, compared to $6.2 billion in 2015.

Goods and services

A look at our supply chain spending shows we had more than 4,800 Canadian vendors spanning all 10 provinces as well as the Northwest Territories and the Yukon. The United States was our next biggest supplier (more than 1,300 vendors), and we also purchased from nearly 40 other countries.

We have seven major category groups that are further segmented into categories and subcategories. The taxonomy used to define and create these categories and subcategories is the United Nations Standard Products and Services Code (UNSPC) that is used globally to classify products and services. The range of goods and services is extensive and includes:

  • aviation services
  • chemicals, gases and fluids
  • civil works
  • construction services
  • drilling machinery and accessories
  • drilling and completion services/machinery
  • environment health and safety services or consulting
  • electrical
  • engineering and consulting services
  • facility services or materials
  • fleet and fleet parts
  • freight and transportation
  • ground transportation
  • health and wellness
  • instrumentation and controls
  • information services (hardware, services, applications and infrastructure)
  • lodging
  • maintenance services
  • marketing and sales
  • materials (consumables and structural steel/PVF)
  • mining equipment
  • offshore equipment and services
  • professional services
  • software
  • static equipment
  • support services
  • tailings on-pond assets
  • telecom
  • travel and entertainment

The typical split of materials versus services depends on the type of worksite, such as the following:

  • operating facilities, where the spend is typically 60% services and 40% materials
  • major greenfield construction sites, where the spend is typically 70% services and 30% materials

Aboriginal partners

In 2016, we spent $428 million on direct purchases from Aboriginal businesses, as well as $16.8 million with Aboriginal subcontractors, for a total of $445 million. Since 1999, Suncor has spent approximately $3.9 billion with Aboriginal businesses (as direct contractors and subcontractors), nearly half of which was spent since 2013.