The combination of Suncor Energy and Petro-Canada creates a globally-competitive, Canadian-based integrated energy company with a balanced portfolio of high quality assets, a strong balance sheet and significant growth prospects.

• Upon completion of the transaction:
  • the combined entity now operates corporately and trades under the Suncor Energy Inc. name, while maintaining the strong brand presence and customer loyalty of Petro-Canada in refined products;
  • the second largest Canadian company, the fifth largest North American energy company and a place on the global stage as one of the largest independent energy companies in the world was created.
• Together, the merged company has:
  • the world’s largest oil sands position;
  • strong cash flow from current crude oil and natural gas production of approximately 680,000 barrels of oil equivalent per day;
  • a strong balance sheet;
  • an experienced management team, complementary cultures and leading corporate social responsibility practices;
  • a high-quality asset portfolio.

Merger Milestones (2009)

July 21, 2009
Suncor Energy and Petro-Canada Merger Receives Competition Bureau Approval.

June 4, 2009
Suncor, Petro-Canada shareholders approved the merger of the two companies.

May 1, 2009
Suncor and Petro-Canada each filed Joint Information Circular, Proxy Statement with securities regulators in Canada and the U.S.

March 23, 2009
Suncor Energy and Petro-Canada announced plans to join forces to create the premier Canadian energy company with Rick George as president and CEO and Ron Brenneman as executive vice chairman of the new entity.