BlackRock Discloses 5.2% Stake in Suncor Energy (SU) – 63.6M Shares

BlackRock, Inc. filed a Schedule 13G disclosing passive ownership of 63,591,210 Suncor Energy Inc. (SU) common shares as of 30 Jun 2025.

Rhea-AI Filing Summary

BlackRock, Inc. filed a Schedule 13G disclosing passive ownership of 63,591,210 Suncor Energy Inc. (SU) common shares as of 30 Jun 2025. The holding equals 5.2 % of Suncor’s outstanding stock, triggering the 5 % reporting threshold under Section 13(d) of the Exchange Act.

BlackRock reports sole voting power over 61,746,783 shares and sole dispositive power over the full 63,591,210 shares; it has no shared voting or dispositive authority. The filing is submitted under Rule 13d-1(b) for a parent holding company/control person ("HC") classification, indicating the shares are held in the ordinary course of business with no intent to influence control. Certification language confirms the passive intent.

The document is signed by Managing Director Spencer Fleming on 22 Jul 2025. No other shareholders individually control more than 5 % of Suncor through BlackRock-managed accounts, and there is no group activity or control-seeking transaction disclosed.

Positive

• Institutional support: BlackRock’s 5.2 % stake provides liquidity and may be viewed as an endorsement of Suncor’s equity.
• No control intent: Filing under Rule 13d-1(b) signals passive ownership, reducing the risk of activist pressure.

Negative

• None.

Insights

Equity Ownership Analyst

TL;DR – BlackRock owns 5.2 % of SU; passive 13G, little control intent, limited immediate impact.

This 13G shows BlackRock crossing the 5 % threshold with 63.6 m SU shares. Sole voting/dispositive authority suggests holdings are aggregated across index and active funds but remain centrally controlled. Filing under 13d-1(b) and HC class confirms passive investment posture, so no governance challenge is implied. Institutional support from the world’s largest asset manager can aid liquidity and signal confidence, yet it is routine for large-cap names and does not by itself alter Suncor’s strategic outlook. Market impact is therefore modest.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Suncor Energy (SU) shares does BlackRock own?

BlackRock reports 63,591,210 common shares, representing 5.2 % of the outstanding class.

Does BlackRock have voting control over Suncor Energy shares?

Yes. It has sole voting power for 61,746,783 shares and no shared voting authority.

Is BlackRock’s filing activist in nature?

No. The Schedule 13G is filed under Rule 13d-1(b) for a passive holding-company classification.

What is the effective date of the ownership information?

The ownership is reported as of 30 June 2025, with the filing signed on 22 July 2025.

Why did BlackRock have to file a Schedule 13G?

Crossing the 5 % ownership threshold in a U.S.-listed security requires disclosure under Section 13(d).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/22/2025 - 02:07 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SUNCOR ENERGY INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

867224107

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 867224107

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 61,746,783.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 63,591,210.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

63,591,210.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SUNCOR ENERGY INC
(b)	Address of issuer's principal executive offices: P.O. BOX 2844, 150 - 6TH AVENUE S.W., CALGARY, ALBERTA, CANADA, T2P 3E3
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 867224107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 63,591,210
(b)	Percent of class: 5.2%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 61,746,783
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 63,591,210
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of SUNCOR ENERGY INC. No one person's interest in the common stock of SUNCOR ENERGY INC is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	07/22/2025

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7