Economic Contribution

As a large producer of crude oil from the oil sands, Syncrude has a tremendous and positive impact on the economies of Alberta and Canada.

We have a long and proud history of contributing to the economic well-being of Canadians by providing rewarding employment to thousands of people, through the payment of royalties and corporate, property and payroll taxes, and through the purchase of goods and services from suppliers.

We have a long and proud history

  • Since start-up in 1978, Syncrude has made payments in excess of $14.6 billion to governments for royalties, payroll and municipal taxes and other Crown charges.
  • Syncrude continues to be a major engine of growth for the Alberta and Canadian economies with $8 billion in goods and services procurement during 2014.
  • Around 5,000 employees and an average of 3,500 contractors support current operations. 
  • We are one of the largest private sector employers of Aboriginal people in Canada. Aboriginal people comprise about 8.9% of our employee workforce. We have spent over $2.2 billion with Aboriginal suppliers.