Suncor Energy Inc
TSX:SU
ROE
Return on Equity
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
ROE Across Competitors
| Country | Company | Market Cap | ROE | ||
|---|---|---|---|---|---|
| CA |
|
Suncor Energy Inc
TSX:SU
|
66B CAD |
14%
|
|
| SA |
|
Saudi Arabian Oil Co
SAU:2222
|
6.7T SAR |
26%
|
|
| US |
|
Exxon Mobil Corp
NYSE:XOM
|
481.6B USD |
14%
|
|
| US |
|
Chevron Corp
NYSE:CVX
|
256.5B USD |
10%
|
|
| CN |
|
PetroChina Co Ltd
SSE:601857
|
1.6T CNY |
11%
|
|
| UK |
|
Shell PLC
LSE:SHEL
|
156.2B GBP |
7%
|
|
| NL |
R
|
Royal Dutch Shell PLC
OTC:RYDAF
|
210.1B USD |
7%
|
|
| FR |
|
TotalEnergies SE
PAR:TTE
|
117.1B EUR |
12%
|
|
| CN |
|
China Petroleum & Chemical Corp
SSE:600028
|
687.7B CNY |
5%
|
|
| UK |
|
BP PLC
LSE:BP
|
57.4B GBP |
-2%
|
|
| NO |
|
Equinor ASA
OSE:EQNR
|
708.7B NOK |
18%
|
Suncor Energy Inc
Glance View
Suncor Energy Inc., tracing its roots back to the early days of the Canadian energy sector, stands today as a pivotal player in the realm of integrated energy companies. This Canadian giant, originally founded as part of Sun Company, Inc. in 1919, took a significant leap in 1967 by pioneering the commercial development of the Athabasca oil sands. The bold step transformed the landscape of energy production, as Suncor developed innovative techniques to extract bitumen—a sticky, black residue from oil sands—that could be refined into crude oil. The company operates through two key segments: Oil Sands and Exploration and Production, which together harness Suncor's expertise in both surface mining and in situ technologies, emphasizing a balance between traditional and cutting-edge extraction methods. Suncor's financial lifeblood circulates through a diversified set of operations. Its upstream division extracts crude oil and natural gas, capitalizing on both the rich bounty of its oil sands projects and offshore platforms. Downstream, Suncor thrives with a sprawling network of refineries and distribution channels, transforming raw materials into refined products like gasoline, diesel, and jet fuel. This integration not only cushions the company against the volatility of oil prices but also optimizes its value chain, allowing it to capture profits at multiple stages. Additionally, Suncor's Petro-Canada stations spread across Canada, amplify its retail presence, selling refined fuels directly to consumers. Through the alchemy of integrating upstream and downstream operations, Suncor Energy not only weathers the fluctuations of the energy markets but continually fortifies its market position.
See Also
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
Based on Suncor Energy Inc's most recent financial statements, the company has ROE of 13.7%.
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