Suncor Energy Inc.

Suncor announced today that Kent Ferguson will be joining the company in January 2024 as Senior Vice President, Strategy, Sustainability and Corporate Development, reporting directly to Rich Kruger, President and CEO. The appointment of Kent concludes the reconfiguration of Suncor's executive leadership team. Kent brings over 25 years of energy industry experience to the role, including an extensive understanding of the [...]

All financial figures are in Canadian dollars, unless noted otherwise Upstream production of 770,000 - 810,000 barrels per day, approximately 7% higher than 2023 Refining capacity utilization strong at an expected 92% to 96% Fort Hills three-year improvement plan on target, with opportunities to further increase value Capital program to deliver shareholder value, pursuing investments to improve competitiveness Focus on [...]

Suncor Energy today announced that the Terra Nova Floating, Production, Storage and Offloading vessel has safely restarted following the completion of the Terra Nova Asset Life Extension project. Production is expected to ramp up over the coming months. "Focusing on safety and operational integrity, we have brought this key offshore project online, providing additional cash flow for our shareholders as well as many [...]

All financial figures are in Canadian dollars, unless noted otherwise Suncor Energy announced today it has closed the transaction to purchase TotalEnergies EP Canada Ltd., which includes the remaining 31.23% working interest in the Fort Hills Project. The $1.468 billion purchase price is subject to closing adjustments typical of transactions of this nature and is based on an effective date April 1, 2023. As a result of [...]

All financial figures are in Canadian dollars. Suncor Energy's Board of Directors has approved a quarterly dividend of $0.545 per share on its common shares representing an increase of approximately 5% over the prior quarter dividend. "The increase is supported by our improved operational performance and is consistent with our focus on growing free funds flow to support strong shareholder returns, which includes a [...]

All financial figures are in Canadian dollars, unless noted otherwise Suncor Energy announced today that it has priced an offering of $1.5 billion in aggregate principal amount of senior unsecured notes. The offering will be comprised of two tranches, consisting of $1.0 billion principal amount of Series 9 Medium Term Notes due on November 17, 2025 having a coupon of 5.60%, and $500 million principal amount of Series 10 [...]

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars , and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles , specifically International Financial Reporting Standards as issued by the International Accounting Standards Board , and are prepared in accordance with International Accounting Standard [...]

We broke new ground when we first began publicly reporting our sustainability performance in the mid-1990s. Twenty-eight years later, our Report on Sustainability and its companion publication, the Climate Report, continue the practice of disclosing our progress in more than a dozen areas of environmental, social and governance performance. Read more on our ESG progress in our reports here. Suncor contributes to the [...]

Suncor will release its third quarter financial results on November 8, 2023 before 8:00 p.m. MT . A webcast to review the third quarter will be held on November 9, 2023 at 7:30 a.m. MT . Representing management will be Rich Kruger, President and Chief Executive Officer and Kris Smith, Chief Financial Officer. A question and answer period with analysts will follow brief remarks from management. Troy Little, Vice President [...]

Prism, Suncor's Employee Resource Group is dedicated to establishing an inclusive work environment and a safe space for all people from the 2SLGBTQ+ community and allies. They actively engaged and organized events across Suncor's operating sites and at the headquarters in Calgary, inviting community partners to participate at the Suncor Energy Centre, and walk in the Calgary Pride Parade. Read more on our community [...]