Suncor Energy, Inc.
2.28 %
-7.98 %
Yet to be announced
Company Overview
Suncor Energy Inc. operates as an integrated energy company. It operates through Oil Sands, Exploration and Production; Refining and Marketing; and Corporate and Eliminations segments. The Oil Sands segment recovers bitumen from mining and in situ operations, upgrades it into refinery feedstock and diesel fuel, or blends the bitumen with diluent for direct sale to market. The Exploration & Production segment is involved in offshore operations off the east coast of Canada and in the North Sea.
Revenue Sources
PassSuncor Energy's primary revenue streams come from oil and gas exploration, production, refining, and retail distribution. These activities involve the extraction and processing of natural resources and their conversion into energy products, which are permissible business activities from an Islamic perspective. The company does not derive significant revenue from prohibited activities such as alcohol, gambling, or other haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| June 30, 2024 | $12.89b | $10.79b | $68.0m | $187.0m | 0.53% | 1.73% |
| March 31, 2024 | $13.3b | $11.14b | $39.0m | $181.0m | 0.29% | 1.62% |
| Dec. 31, 2023 | $12.81b | $11.0b | $45.0m | $263.0m | 0.35% | 2.39% |
| Sept. 30, 2023 | $13.91b | $11.58b | $71.0m | $329.0m | 0.51% | 2.84% |
Based on the financial data for the last four quarters: Interest income represents between 0.3% and 0.5% of total revenue. Interest expense represents between 1.6% and 2.8% of total expenses. These percentages fall below concerning levels for an industrial company operating in a capital-intensive industry.
Operational Ethics
PassAfter reviewing available information, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company primarily operates in North America, with no substantial operations or partnerships in regions of concern.
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