Presenters: Allan Chim Caty Liu

Business Overview

Business Overview

Oil weighted assets are very Canada centric

• Oil weighted assets are very Canada centric

Oil Sands	Assets located in northeast Alberta Recovers bitumen and upgrades the production into refinery feeds Includes growth ventures that Suncor is a part of Fort Hills (40.8%) & Voyageur (51%)
Exploration and Production	Consists of offshore on the East Coast of Canada and North Sea Consists of onshore operations in North America, Libya* and Syria*
Refining and Marketing	Refining into broad range of petroleum and petrochemical products with various locations in Canada and US
Corporate, Energy Trading and Eliminations	Investments in renewable energy Other activities not directly attributable to operating activities

Cash from operations were $2.74B in 2012Q3 compared to $2.721B in 2011Q3

• Cash from operations were $2.74B in 2012Q3 compared to $2.721B in 2011Q3
• Oil sands is the largest portion of operating CF as well as revenue

Oil Sands

Production volumes averaged a record 341,300 bbls/d for the third quarter of 2012 Lower realized average sale prices ($80.79 in 2012Q3 compared to $85.09 in 2011Q3) Projects Syncrude Venture (12% Ownership) Millenium, Firebag, MacKay River (Fort McMurray)

Average production from Firebag with the ramp up of operations and use of infill well technology (up from 54,800 bbls/d  113,000 bbls/d)

• Average production from Firebag with the ramp up of operations and use of infill well technology (up from 54,800 bbls/d  113,000 bbls/d)