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

  • Syncrude continues to be a major engine of growth for the Alberta and Canadian economies. Over the last five years, the company has generated a total economic impact of $34 billion across the nation.
  • We spent $2.7 billion on goods and services during 2016, of which 96 per cent was procured from Canadian suppliers.
  • Around 4,700 employees and around 2,400 contractors support current operations. 
  • We are one of the largest private sector employers of Indigenous people in Canada. Indigenous people comprise about 10% of our employee workforce. To date, we have spent over $2.6 billion with Aboriginal suppliers.