Suncor Energy : 2022 Suncor ESTMA report

Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name
Reporting Year	From
Reporting Entity ESTMA Identification Number	E405435
Other Subsidiaries Included
(optional field)

For Consolidated Reports - Subsidiary

Reporting Entities Included in Report:

Not Substituted

Attestation by Reporting Entity

Suncor Energy Inc.

01/01/2022

To:

12/31/2022

Date submitted

05/30/2023

Original Submission

Amended Report

Petro-Canada Terra Nova Partnership: E368056,

Petro-Canada Hibernia Partnership: E014222,

Petro-Canada Hebron Partnership: E294659,

Canadian Oil Sands Partnership: E984046,

Suncor Energy Oil Sands Limited Partnership: E761283,

Suncor Energy Offshore Exploration Partnership: E718793,

Suncor Energy Ventures Partnership: E895970

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity	Kris Smith	Date
	Chief Financial Officer and Executive Vice President of Corporate	09/27/2023

Position Title	Development

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year	From:	01/01/2022	To:	12/31/2022
Reporting Entity Name		Suncor Energy Inc.		Currency of the	CAD
		Report

Reporting Entity ESTMA	E405435
Identification Number
	Petro-Canada Terra Nova Partnership: E368056,
	Petro-Canada Hibernia Partnership: E014222,
Subsidiary Reporting Entities (if	Petro-Canada Hebron Partnership: E294659,
Canadian Oil Sands Partnership: E984046,
necessary)
Suncor Energy Oil Sands Limited Partnership: E761283,
	Suncor Energy Offshore Exploration Partnership: E718793,
	Suncor Energy Ventures Partnership: E895970

		Departments, Agency, etc…
Country	Payee Name	within Payee that Received
		Payments2
Canada	Government of Canada
Canada	Canada Newfoundland and Labrador Offshore Petroleum
Board
Canada -Alberta	Athabasca Chipewyan First Nation
Canada -Alberta	Fort Chipewyan Metis Local 125
Canada -Alberta	Fort McKay First Nation
Canada -Alberta	Fort McKay Metis Community Association
Canada -Alberta	Fort McMurray #468 First Nation
Canada -Alberta	Fort McMurray Metis Local 1935
Canada -Alberta	Government of Alberta
Canada -Alberta	Mikisew Cree First Nation
Canada -Alberta	Municipality of Wood Buffalo (Alberta)
Canada -Alberta	Chipewyan Prairie First Nation
Canada -Alberta	Willow Lake Metis Association
Canada -Alberta	Conklin Metis Local #193
Canada -Newfoundland and Labrador	Government of Newfoundland and Labrador
Canada -Quebec	Government of Quebec
Libya	Government of Libya	National Oil Corporation
Norway	Government of Norway
United Kingdom of Great Britain and	Her Majesty's Government of the United Kingdom of Great	Her Majesty's Revenue and
Northern Ireland	Britain and Northern Ireland	Customs Cumbernauld
Additional Notes:	- All payments are reported in Canadian dollars.
- All amounts have been rounded to the nearest $10,000 CAD.

Payments by Payee

			Production			Infrastructure		Total Amount paid
Taxes	Royalties	Fees	Bonuses	Dividends	Improvement		Notes
Entitlements		to Payee
					Payments
3,129,520,000	60,400,000	570,000	-	-	-		-	3,190,490,000
-	-	4,080,000	-	-	-		-	4,080,000
-	-	1,590,000	-	-	-		-	1,590,000
-	-	100,000	-	-	-		-	100,000
-	-	1,050,000	-	-	-		-	1,050,000
-	-	410,000	-	-	-		-	410,000
-	-	190,000	-	-	-		-	190,000
-	-	150,000	-	-	-		-	150,000
1,056,250,000	2,266,930,000	21,160,000	-	-	-		-	3,344,340,000
-	-	560,000	-	-	-		-	560,000
47,380,000	-	60,000	-	-	-		-	47,440,000
-	-	160,000	-	-	-		-	160,000
-	-	130,000	-	-	-		-	130,000
-	-	130,000	-	-	-		-	130,000
-	265,870,000	-	-	-	-		-	265,870,000	Includes royalties paid in relation to the Hibernia Base, Hibernia Extenstion, Terra Nova, White Rose and Hebron
									projects.
142,860,000	-	-	-	-	-		-	142,860,000
									Taxes & Royalties taken in kind and converted to cash basis using the same methodology (fair market value) as
218,920,000	264,240,000	-	-	-	-		-	483,160,000	Suncor Energy Inc.'s 2022 consolidated financial statements.
									Translated using the financial year average foreign exchange rates: 1 USD : 1.3016 CAD.
110,000	-	120,000	-	-	-		-	230,000	Translated using the financial year average foreign exchange rate: 1 NOK : 0.1357 CAD.
315,550,000	-	-	-	-	-		-	315,550,000	Translated using the financial year average foreign exchange rate: 1 GBP : 1.6085 CAD.

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year	From:	01/01/2022	To:	12/31/2022
Reporting Entity Name			Suncor Energy Inc.	Currency of	CAD
				the Report

Reporting Entity ESTMA Identification	E405435
Number
	Petro-Canada Terra Nova Partnership: E368056,
	Petro-Canada Hibernia Partnership: E014222,
Subsidiary Reporting Entities (if	Petro-Canada Hebron Partnership: E294659,
Canadian Oil Sands Partnership: E984046,
necessary)
Suncor Energy Oil Sands Limited Partnership: E761283,
	Suncor Energy Offshore Exploration Partnership: E718793,
	Suncor Energy Ventures Partnership: E895970

Payments by Project

					Production			Infrastructure
Country	Project Name	Taxes	Royalties	Fees	Bonuses	Dividends	Improvement
Entitlements
							Payments
Canada -Alberta	Base Mine	16,970,000	638,850,000	7,060,000	-	-	-	-
Canada -Alberta	Firebag	27,200,000	1,384,840,000	5,280,000	-	-	-	-
Canada -Alberta	MacKay River	3,140,000	243,250,000	1,300,000	-	-	-	-
Canada -Newfoundland and Labrador	Hebron	-	26,920,000	-	-	-	-	-
Canada -Newfoundland and Labrador	Hibernia	-	295,800,000	-	-	-	-	-
Canada -Newfoundland and Labrador	Terra Nova	-	100,000	4,080,000	-	-	-	-
Canada -Newfoundland and Labrador	White Rose	-	3,450,000	-	-	-	-	-
Norway	Norway	110,000	-	120,000	-	-	-	-
Libya	Libya	218,920,000	264,240,000	-	-	-	-	-
United Kingdom of Great Britain and Northern	U.K. Oil & Gas Taxes	315,550,000	-	-	-	-	-	-
Ireland
Canada	Other	70,000	-	12,620,000	-	-	-	-
Additional Notes:	- All payments are reported in Canadian dollars.
- All amounts have been rounded to the nearest $10,000 CAD.

Total Amount paid	Notes
by Project
662,880,000
1,417,320,000
247,690,000
26,920,000
295,800,000	Hibernia Base and Extension projects have been combined for the purposes of this report.
4,180,000
3,450,000
230,000 Translated using the financial year average foreign exchange rate: 1 NOK : 0.1357 CAD.
	Taxes & Royalties taken in kind and converted to cash basis using the same methodology (fair market value) as
483,160,000	Suncor Energy Inc.'s 2022 consolidated financial statements.
	Translated using the financial year average foreign exchange rates: 1 USD : 1.3016 CAD.
315,550,000	Translated using the financial year average foreign exchange rate: 1 GBP : 1.6085 CAD.
12,690,000	Includes Emerging properties in the Oil Sands business unit (Meadow Creek, Lewis, Voyageur, Chard, Dover, and
	Polaris) and North America Onshore in the Exploration and Production business unit.