To provide trusted energy that enhances people’s lives, while caring for each other and the Earth.
To be Canada’s leading energy company by growing our business in low greenhouse gas (GHG) fuels, electricity, and hydrogen while sustaining and optimizing our existing hydrocarbon business and transforming our GHG footprint; all enabled by our expertise, long-life resources, integrated business model, strong connection to customers, and world-class environment, social and governance (ESG) performance.
Cash return to shareholders
Return profits through dividends and share buybacks
Free funds flow growth
Long-term annual growth: $2B annual free funds flow growth by 2025
Return on capital
For new investments. Increase returns on existing investments
Maintain financial discipline and strong balance sheet so we continue to be resilient and competitive
Balance maximizing value of base business and economically competitive energy expansion investments
By 2030, reduce annual emissions by 10 megatonnes across our energy value chain. Our emissions were approximately 29 MT in 2019.
Reduce greenhouse gas emissions through base business improvements
Grow low emissions energy businesses in renewable fuels, electricity and hydrogen
Work with others to reduce emissions
Energy efficiency improvements
Carbon capture storage (CCUS)
Implementation of new technologies
Expanding the businesses we’re in today
Grow our renewable fuels production to meet our customer needs for low carbon fuels
Deliver low GHG electricity capacity to market
Develop a low GHG hydrogen to market business
Help valued customers contribute to a net-zero world
Provide cleaner energy choices for customers
Develop solutions for customers to buy energy in simple ways
Listen to and help customers understand consumption and lower their GHG emissions
Caring about people, the planet and prosperity
This page contains forward-looking information. Please see Advisory for further information.