The decision to increase Suncor's share repurchase program was previously announced on November 13, 2019. Today, Suncor received approval from the Toronto Stock Exchange to amend its existing normal course issuer bid effective as of the close of markets on December 27, 2019 to purchase common shares through the facilities of the TSX, New York Stock Exchange and/or alternative trading platforms. The notice provides that [...]
Petro-Canada, a Suncor business, today announced the completion of its coast-to-coast network of electric vehicle fast chargers. With locations from Nova Scotia to British Columbia, EV drivers will now be able to travel across the country with access to a fast charge network. “With more than 100,000 electric vehicles on the road in Canada and an average of 4,000 EVs added each month, we know that this is an [...]
All financial figures are in Canadian dollars, unless noted otherwise CALGARY, Alberta, Dec. 02, 2019 -- Suncor released its 2020 corporate guidance today which focuses on driving its $2 billion of incremental free funds flow target by 2023, achieving its 2030 sustainability targets, and reflects the company’s recent 800 MW cogeneration investment announcement. The capital program is expected to be between $5.4 and [...]
Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.42 per share on its common shares, payable December 24, 2019 to shareholders of record at the close of business on December 3, 2019. Suncor’s Board of Directors has also approved an increase to the company’s current share repurchase program of an additional $500 million increasing the program from $2.0 billion to $2.5 billion [...]
Suncor today announced a multi-year strategic alliance with Microsoft Canada as a part of the company’s effort to further accelerate its digital transformation journey. Suncor has selected Microsoft as its strategic cloud provider, tapping into the full range of Microsoft’s cloud solutions to empower a connected and collaborative workforce, upgrade data centres, and increase analytics capabilities. Suncor will [...]
Suncor today announced the appointment of Lorraine Mitchelmore to the company’s board of directors. Ms. Mitchelmore’s appointment is effective Nov. 6, 2019. “I’m delighted that Lorraine is joining Suncor’s board of directors,” said Suncor board chair, Michael Wilson. “Lorraine brings over 30 years of international oil and gas industry experience. She has deep expertise in risk [...]
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars, and have been prepared in accordance with International Financial Reporting Standards, specifically International Accounting Standard 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working-interest basis, before royalties, except for Libya, which is on [...]
Suncor will release its third quarter financial results on Oct. 30, 2019 before 8:00 p.m. MT . A webcast to review the third quarter will be held on Oct. 31 at 7:30 a.m. MT . Representing management will be Mark Little, president and chief executive officer and Alister Cowan, executive vice president and chief financial officer. A question and answer period with analysts will follow brief remarks from management. Trevor [...]
Enerkem Inc., a world-leading waste-to-biofuels and chemicals producer, today announced the closing of a $50 million equity investment from Suncor. As Canada's leading integrated energy company, Suncor first participated in the ownership of Enerkem in April 2019 as part of a $76.3 million equity financing alongside Enerkem's existing shareholders. With this new investment, Suncor becomes a significant, strategic [...]
All financial figures are in Canadian dollars Delivers superior returns and a significant contributor to the company’s goal of growing incremental free funds flow by $2 billion by 2023 Suncor’s greenhouse gas emissions associated with steam production at Base Plant will be reduced by approximately 25% GHG emissions in the province of Alberta will be reduced by approximately 2.5 megatonnes per year CALGARY [...]
Mark Little, president and chief executive officer, will present at the Barclays CEO Energy-Power Conference on Wednesday, September 4, 2019 at 7:05 a.m. MT . The webcast link will be available on Suncor's website at suncor.com/webcasts, or at the following URL for 180 days: https://cc.talkpoint.com/barc002/090319b_js/?entity=11_EHJ6N63 Suncor Energy is Canada's leading integrated energy company. Suncor's operations [...]
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars , and have been prepared in accordance with International Financial Reporting Standards , specifically International Accounting Standard 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working-interest basis, before royalties, except for Libya, which is [...]
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