<SEC-DOCUMENT>0001104659-21-072852.txt : 20210527
<SEC-HEADER>0001104659-21-072852.hdr.sgml : 20210527
<ACCEPTANCE-DATETIME>20210527092832
ACCESSION NUMBER:		0001104659-21-072852
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20210526
FILED AS OF DATE:		20210527
DATE AS OF CHANGE:		20210527

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SUNCOR ENERGY INC
		CENTRAL INDEX KEY:			0000311337
		STANDARD INDUSTRIAL CLASSIFICATION:	PETROLEUM REFINING [2911]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12384
		FILM NUMBER:		21968914

	BUSINESS ADDRESS:	
		STREET 1:		P.O. BOX 2844
		STREET 2:		150 - 6TH AVENUE S.W.
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 3E3
		BUSINESS PHONE:		403-296-8000

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 2844
		STREET 2:		150 - 6TH AVENUE S.W.
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 3E3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUNCOR INC
		DATE OF NAME CHANGE:	19970430

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GREAT CANADIAN OIL SANDS & SUN OIL CO LTD
		DATE OF NAME CHANGE:	19791129
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2115068d5_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 6-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">WASHINGTON, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Report of Foreign Private Issuer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Rule 13a - 16 or 15d - 16 of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">the Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">For the month of:&nbsp;&nbsp;May, 2021</FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">Commission File Number:&nbsp;&nbsp;1-12384</FONT></TD></TR>
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>SUNCOR ENERGY
INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name of registrant)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>150 &#8211; 6th Avenue S.W.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>P.O. Box 2844</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Calgary, Alberta</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Canada, T2P 3E3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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    <TD STYLE="width: 18%; text-align: justify"><FONT STYLE="font-size: 10pt">Form 20-F</FONT></TD>
    <TD STYLE="width: 11%; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 18%; text-align: justify"><FONT STYLE="font-size: 10pt">Form 40-F</FONT></TD>
    <TD STYLE="width: 7%; text-align: left">&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT></TD>
    <TD STYLE="width: 19%; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Wingdings; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

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<TD STYLE="text-align: justify">&nbsp;</TD>
<TD STYLE="text-align: justify">&nbsp;</TD>
<TD><B>SUNCOR ENERGY INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify">&nbsp;</TD>
<TD STYLE="text-align: justify">&nbsp;</TD>
<TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify">Date: </TD>
<TD STYLE="text-align: justify">&nbsp;</TD>
<TD STYLE="text-align: justify">By: </TD></TR>
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<TD STYLE="text-align: justify">&nbsp;</TD>
<TD STYLE="text-align: justify">&nbsp;</TD>
<TD STYLE="text-align: justify">&nbsp;</TD></TR>
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<TD STYLE="border-bottom: Black 1pt solid">&nbsp;&nbsp;May 27, 2021</TD>
<TD STYLE="text-align: justify">&nbsp;</TD>
<TD STYLE="text-align: center"><I>&#8220;Shawn Poirier</I></TD></TR>
<TR>
<TD STYLE="vertical-align: top; width: 47%; text-align: justify">&nbsp;</TD>
<TD STYLE="vertical-align: top; width: 6%; text-align: justify">&nbsp;</TD>
<TD STYLE="padding-left: 0.125in; border-top: Black 1pt solid; vertical-align: top; width: 47%">Shawn Poirier<BR>
 Assistant Corporate Secretary</TD>
</TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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    <TD STYLE="width: 27%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Exhibit</B></FONT></TD>
    <TD STYLE="width: 27%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 46%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Description of Exhibit</B></FONT></TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><A HREF="tm2115068d5_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">99.1</FONT></A></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><A HREF="tm2115068d5_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">News Release dated May 26, 2021, Suncor Energy&#8217;s updated corporate strategy increases shareholder returns and accelerates reductions in GHG emissions with an objective to be net-zero by 2050</FONT></A></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">News Release
dated May 26, 2021, Suncor Energy&#8217;s updated corporate strategy increases shareholder returns and accelerates reductions in GHG emissions
with an objective to be net-zero by 2050</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>



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<TYPE>EX-99.1
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<FILENAME>tm2115068d5_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="text-align: right; margin: 0pt"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

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  <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 10pt; vertical-align: bottom; text-align: right; width: 50%"><B>News Release</B></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>FOR IMMEDIATE RELEASE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Suncor Energy&rsquo;s updated corporate strategy increases shareholder
returns and accelerates reductions in GHG emissions with an objective to be net-zero by 2050</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">All financial figures are in Canadian dollars, unless noted otherwise</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Calgary, Alberta (May 26, 2021) </B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">&ndash;
In alignment with its Purpose to provide trusted energy that enhances people&rsquo;s lives while caring for each other and the earth,
</FONT>Suncor today will share its updated strategy focused on increasing shareholder returns and accelerating its progress in reducing
GHG emissions with an objective to be net-zero by 2050.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The strategy is underpinned by Suncor&rsquo;s principles of operational
excellence and capital discipline. Suncor will focus its planned $5 billion annual capital spend through 2025 on optimizing its integrated
value chain and sustaining the base business, while improving its cost and carbon competitiveness, and growing low-carbon businesses,
which is expected to deliver an annual $2 billion of incremental free funds flow to the business by 2025. This planned free funds flow
growth will be focused on returning significant value to shareholders through increased dividends, ongoing share buybacks and fortifying
the balance sheet through continued debt reduction. In addition, the strategy includes a goal to be a net-zero GHG emissions company by
2050 and substantially contribute to society&rsquo;s net-zero goals; and a plan to sustain our world-class ESG (Environmental, Social
and Governance) performance and disclosure while being recognized as a leader in sustainability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;For decades, Suncor has been evolving and growing its business
 &ndash; transforming a budding oil sands resource into one of the world&rsquo;s most reliable and ESG-leading oil basins in the world,&rdquo;
said Mark Little, Suncor president and chief executive officer. &ldquo;We will continue to produce oilsands for many decades to come,
driving significant shareholder returns and value, and delivering further emissions reductions on our journey to net-zero by 2050.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By 2030, Suncor expects to reduce greenhouse gas emissions by 10 megatonnes
(MT) per year across its energy value chain. The company&rsquo;s emissions were approximately 29 MT per year in 2019. Suncor plans to
accomplish this by reducing emissions in its base business &ndash; expanding in areas where the company has existing expertise and where
it can continue to lower the cost and carbon profile of the existing base business and assets &ndash; and at the same time growing its
renewable fuels, electricity, and hydrogen businesses. This includes Suncor helping its customers contribute to a net-zero world by providing
them with cleaner energy choices such as renewable fuels and the Petro-Canada&trade; Electric Highway.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Suncor continues its evolution to create a stronger, more resilient
and competitive company and is confident it can significantly increase returns to investors while progressing to net-zero and meet growing
energy needs. The updated strategy builds on the company&rsquo;s unique advantages: unparalleled energy expertise; long-life, low-decline
resource; integrated business; connection to customers; long history of embracing technological change and innovation; decades-long sustainability
journey; and strong relationships with stakeholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">More details on the strategy will be shared at Suncor&rsquo;s Investor
Day, which begins today at 8:00 a.m. MT (10:00 a.m. ET). Investor Day materials will be available at 6:00 a.m. MT (8:00 a.m. ET) by visiting
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; background-color: white"><U>https://www.suncor.com/en-ca/investor-centre/investor-day-2021</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

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    <TD STYLE="vertical-align: top; width: 70%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 30%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Suncor Energy</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">150 6 Avenue
    S.W.</FONT> Calgary, Alberta T2P 3E3</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>suncor.com</U></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Legal Advisory &ndash; Forward-Looking Information and Non-GAAP
Measures </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>This news release contains certain forward-looking information and
forward-looking statements (collectively referred to herein as &ldquo;forward-looking statements&rdquo;) within the meaning of applicable
Canadian and U.S. securities laws. Forward-looking statements in this news release include references to: Suncor&rsquo;s Purpose and updated
strategy which is focused on increasing shareholder returns and accelerating its progress in reducing GHG emissions with an objective
to be net-zero by 2050; Suncor's expectation that it will focus its planned $5 billion annual capital spend through 2025 on optimizing
its integrated value chain and sustaining the base business, while improving its cost and carbon competitiveness, and growing low carbon
businesses, and its expectation that this will deliver an annual $2 billion of incremental free funds flow to the business by 2025; Suncor's
belief that its planned free funds flow growth will be focused on returning significant value to shareholders through increased dividends,
ongoing share buybacks and fortifying the balance sheet through continued debt reduction; statements about Suncor's goal to be a net-zero
GHG emissions company by 2050 and substantially contribute to society's net-zero goals and its plan to sustain its ESG performance and
disclosure while being recognized as a leader in sustainability; Suncor's belief that it will continue to produce oilsands for many decades
to come, driving significant shareholder returns and value, and delivering further emissions reductions on our journey to net-zero by
2050 and the basis for such belief; Suncor's expectation that, by 2030, it will reduce greenhouse gas emissions by 10 MT per year across
its energy value chain, from approximately 29 MT per year in 2019 and its plans on how it will achieve this; and Suncor's belief that
it can significantly increase returns to investors while progressing to net-zero and meet growing energy needs and the reasons for this
belief. In addition, all other statements and information about Suncor&rsquo;s strategy for growth, expected and future expenditures or
investment decisions, commodity prices, costs, schedules, production volumes, operating and financial results and the expected impact
of future commitments are forward-looking statements. Some of the forward-looking statements and information may be identified by words
like &ldquo;expects&rdquo;, &ldquo;anticipates&rdquo;, &ldquo;will&rdquo;, &ldquo;estimates&rdquo;, &ldquo;plans&rdquo;, &ldquo;scheduled&rdquo;,
 &ldquo;intends&rdquo;, &ldquo;believes&rdquo;, &ldquo;projects&rdquo;, &ldquo;indicates&rdquo;, &ldquo;could&rdquo;, &ldquo;focus&rdquo;,
 &ldquo;vision&rdquo;, &ldquo;goal&rdquo;, &ldquo;outlook&rdquo;, &ldquo;proposed&rdquo;, &ldquo;target&rdquo;, &ldquo;objective&rdquo;,
 &ldquo;continue&rdquo;, &ldquo;should&rdquo;, &ldquo;may&rdquo; and similar expressions.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Forward-looking statements are based on Suncor&rsquo;s current expectations,
estimates, projections and assumptions that were made by the company in light of its information available at the time the statement was
made and consider Suncor&rsquo;s experience and its perception of historical trends, including expectations and assumptions concerning:
the accuracy of reserves estimates; the current and potential adverse impacts of the COVID-19 pandemic, including the status of the pandemic
and future waves and any associated policies around current business restrictions, shelter-in-place orders or gatherings of individuals;
commodity prices and interest and foreign exchange rates; the performance of assets and equipment; capital efficiencies and cost savings;
applicable laws and government policies; future production rates; the sufficiency of budgeted capital expenditures in carrying out planned
activities; the availability and cost of labour, services and infrastructure; the satisfaction by third parties of their obligations to
Suncor; the development and execution of projects; and the receipt, in a timely manner, of regulatory and third-party approvals. All dividends
are at the discretion of Suncor's Board of Directors. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Forward-looking statements and information are not guarantees of
future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that
are unique to Suncor. Suncor&rsquo;s actual results may differ materially from those expressed or implied by its forward-looking statements,
so readers are cautioned not to place undue reliance on them.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Suncor&rsquo;s most recently filed Management&rsquo;s Discussion
 &amp; Analysis (MD&amp;A), its Annual Information Form and Annual Report to Shareholders, each dated February 24, 2021, Form 40-F dated
February 25, 2021 and other documents it files from time to time with securities regulatory authorities describe the risks, uncertainties,
material assumptions and other factors that could influence actual results and such factors are incorporated herein by reference. Copies
of these documents are available without charge from Suncor at 150 6th Avenue S.W., Calgary, Alberta T2P 3E3; by email request to <U>invest@suncor.com</U>;
by calling 1-800-558-9071; or by referring to <U>suncor.com/FinancialReport</U>s or to the company&rsquo;s profile on SEDAR at <U>sedar.com
</U>or EDGAR at <U>sec.gov</U>. Except as required by applicable securities laws, Suncor disclaims any intention or obligation to publicly
update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I></I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Free funds flow is not prescribed by GAAP and does not have a standardized
meaning and therefore is unlikely to be comparable to similar measures presented by other companies. Free funds flow should not be considered
in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Free funds flow is included because management
uses the information to analyze business performance, leverage and liquidity and therefore may be considered useful information by investors.
See the &ldquo;Non-GAAP Financial Measures Advisory&rdquo; section of the most recently filed MD&amp;A.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Suncor Energy is Canada's leading integrated energy company, with
a global team of over 30,000 people. Suncor's operations include oil sands development, production and upgrading, offshore oil and gas,
petroleum refining in Canada and the US, and our national Petro-Canada retail distribution network (now including our Electric Highway
network of fast-charging EV stations). A member of Dow Jones Sustainability indexes, FTSE4Good and CDP, Suncor is responsibly developing
petroleum resources, while profitably growing a renewable energy portfolio and advancing the transition to a low-emissions future. Suncor
is listed on the UN Global Compact 100 stock index. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&ndash; 30 <B>&ndash;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For more information about Suncor, visit our web site at <U>suncor.com</U>,
follow us on Twitter <U>@Suncor</U> or <FONT STYLE="background-color: white"><U>Living our Purpose</U><FONT STYLE="color: #333333">.
</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Media inquiries:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1-833-296-4570</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>media@suncor.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Investor inquiries:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">800-558-9071</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>invest@suncor.com</U></P>



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<P STYLE="margin: 0pt"></P>

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<P STYLE="margin: 0pt">&nbsp;</P>

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