Suncor managed these improvements by issuing a share issuance worth roughly $2.2 billion and paying off long-term notes worth about $1.2 billion. It used part of the proceeds to pay for Murphy Oil 's 5% interest in Syncrude. By taking care of its balance sheet amid the wildfires and low oil prices, Suncor showed its commitment to financial discipline while retaining approximately $2.3 billion in cash on hand.