CALGARY, ALBERTA--(Marketwired - April 1, 2015) - Suncor Energy today provided an update on its progress on cost management measures in response to the low crude price environment, as well as an update on operations. Since the cost management program was announced in January, the company has made significant progress on its cost reduction initiatives. Suncor now expects that the $600 million to $800 million in operating [...]
CALGARY, ALBERTA--(Marketwired - Feb 26, 2015) - Suncor Energy has filed its 2014 Annual Report, 2014 Annual Information Form and 2015 Management Proxy Circular. To view the company's annual disclosure documents, visit Suncor's profile on sedar.com or visit Suncor's website at suncor.com/financialreports. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and [...]
LONDON, February 5, 2015 /PRNewswire/ -- As Canadian oil sands companies struggle with high production costs and low prices, and North American shale producers are forced to rethink strategy, a Utah-based high-tech oil sands play announces game-changing $28 production costs. Toronto-based MCW Energy Group (MCWEF: OTCQB; TSV: MCW.V) has announced that its Utah production costs per barrel have been slashed to $28 as a [...]
CALGARY, ALBERTA--(Marketwired - Feb 4, 2015) - Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a [...]
Suncor Energy's Board of Directors has approved a quarterly dividend of $0.28 per share on its common shares, payable March 25, 2015 to shareholders of record at the close of business on March 4, 2015. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under [...]
Jim Simpson, Chair of the Board of Directors of Suncor Energy, is pleased to announce the appointment of Jacynthe Côté to the company's Board of Directors. Ms. Côté's appointment is effective immediately. "I'm pleased to welcome Ms. Côté to our Board," said Mr. Simpson. "Her extensive corporate experience, particularly in the mining sector, is an asset that will certainly serve Suncor well. I look forward to working with her and other members of the Board in stewarding Suncor's shareholder interests." Jacynthe Côté was president and chief executive officer of Rio Tinto Alcan from 2009 until June 2014. She previously served as president and chief executive officer of Rio Tinto Alcan's P... [...]
CALGARY, ALBERTA--(Marketwired - Jan 28, 2015) - Suncor Energy will release its fourth quarter financial results on Wednesday, February 4, 2015 at 8:00 pm MT (10:00 pm. ET). Following the release, a teleconference to review the fourth quarter will be held at 7:30 a.m. MT (9:30 a.m. ET) on Thursday, February 5, 2015. Representing management will be Steve Williams, president and chief executive officer and Alister Cowan [...]
CALGARY, ALBERTA--(Marketwired - Jan 13, 2015) - Suncor Energy Inc. announced today significant spending reductions to its 2015 budget in response to the current lower crude price environment. The cuts include a $1 billion decrease in the company's capital spending program, as well as sustainable operating expense reductions of $600 million to $800 million to be phased in over two years offsetting inflation and growth [...]
Investment in Peter Lougheed Leadership Institute at The Banff Centre to launch social innovation residency CALGARY, ALBERTA--(Marketwired - Dec 16, 2014) - The Suncor Energy Foundation (SEF), in partnership with The Peter Lougheed Leadership Institute at The Banff Centre, today announced a new residency program designed to support social entrepreneurs and system leaders. The social innovation residency will connect a [...]
CALGARY, ALBERTA--(Marketwired - Dec 4, 2014) - Suncor Energy today announced it received two awards for excellence in corporate reporting from the Chartered Professional Accountants of Canada (CPA Canada) at the Corporate Reporting Awards held in Toronto last night. Suncor has received the Award of Excellence in Sustainability Reporting for its 2014 Report on Sustainability. This is the sixth consecutive year that the [...]
CALGARY, ALBERTA--(Marketwired - Nov 20, 2014) - Suncor Energy reports it has agreed to issue C$750 million of senior unsecured Medium Term Notes maturing on November 26, 2021 (the "2021 Notes"). The 2021 Notes will have a coupon of 3.10% and were priced at $99.663 per note to yield 3.154%. Suncor Energy intends to use the net proceeds from the sale of the 2021 Notes to replenish existing cash balances following the [...]
Suncor Energy announced today that it has priced an offering of US$750 million in aggregate principal amount of senior unsecured notes due on December 1, 2024. The 2024 Notes will have a coupon of 3.60%. The offering is expected to close on November 25, 2014, subject to customary closing conditions. Suncor Energy intends to use the net proceeds from the sale of the 2024 Notes to replenish cash balances following the [...]