Michael Wilson and Dennis Houston to retire from the Board Russell Girling to be appointed Chair of the Board Suncor Energy announced the upcoming retirement of two members of its Board of Directors. Michael Wilson, Chair of the Board, has been a member of Suncor's Board since 2014 and has served as Chair since 2017. Dennis Houston has been a [...]
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, payable March 25, 2024 to shareholders of record at the close of business on March 4, 2024. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands [...]
Suncor will release its fourth quarter financial results on February 21, 2024 before 5:00 p.m. MT . A webcast to review the fourth quarter will be held on February 22, 2024 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 [...]
Suncor today provided an operational update for the fourth quarter of 2023, highlighting upstream production of 808,000 barrels per day , the second highest quarter in the Company's history. The strong fourth quarter performance results in an annual average upstream production of 746,000 bbls/d, in line with Suncor's corporate guidance provided in [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
