Suncor Energy (TSX:SU) Tax Rate % : 16.81% (As of Dec. 2023)

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What is Suncor Energy Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Suncor Energy's Tax Expense for the three months ended in Dec. 2023 was C$570 Mil. Suncor Energy's Pre-Tax Income for the three months ended in Dec. 2023 was C$3,390 Mil. Therefore, Suncor Energy's Tax Rate % for the quarter that ended in Dec. 2023 was 16.81%.

Suncor Energy Tax Rate % Historical Data

The historical data trend for Suncor Energy's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Suncor Energy Tax Rate % Chart

Suncor Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-14.45

29.16

26.05

26.30

21.66

Suncor Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															22.53	24.39	20.08	27.65	16.81

Suncor Energy Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Suncor Energy's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	2294	/	10589
	=	21.66 %

Suncor Energy's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	570	/	3390
	=	16.81 %

Suncor Energy Tax Rate % Related Terms

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Suncor Energy (TSX:SU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Suncor Energy Inc (TSX:SU) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

SU:USA SUU:Mexico SM3:Germany SM3:Germany

Address

150 - 6th Avenue S.W., P.O. Box 2844, Calgary, AB, CAN, T2P 3E3

Website

https://www.suncor.com

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.