Suncor released its 2018 corporate guidance today which includes a capital program of between $4.5 and $5.0 billion and average upstream production of 740,000 to 780,000 barrels of oil equivalent per day . The midpoints of these ranges represent a year over year production increase of more than 10 per cent and a capital spending reduction of [...]
Suncor's Board of Directors has approved a quarterly dividend of $0.32 per share on its common shares, payable December 22, 2017 to shareholders of record at the close of business on December 1, 2017. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, offshore oil and gas [...]
Steve Williams, chief executive officer at Suncor, today announced the appointment of Mark Little, currently president, Upstream, as chief operating officer . As Suncor's COO, Mark will be responsible for all of the operations and many of the corporate services of the company. This appointment comes on the eve of first oil at Suncor's Fort Hills [...]
Suncor announced today that it has priced an offering of US$750 million in aggregate principal amount of senior unsecured notes due on November 15, 2047 . The 2047 Notes will have a coupon of 4.000%. The offering is expected to close on November 15, 2017, subject to customary closing conditions. Suncor intends to use the net proceeds from the sale [...]
Suncor and PetroNor today announced the purchase by Suncor of a 41% equity interest in PetroNor, a petroleum products distributor across the James Bay and Abitibi-Témiscamingue regions of Quebec. Owned and operated by the James Bay Crees, PetroNor services commercial, industrial, aviation, mining and residential clients. PetroNor's technical [...]
Suncor today announced it has received approval from the Alberta Energy Regulator for its Suncor Base Plant Tailings Directive application and related Millennium Operational Amendment application. Over the past few months, Suncor technical experts have met with Aboriginal communities, stakeholders and the regulator to clarify and provide additional [...]
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 [...]
Suncor will release its third quarter financial results on Wednesday, Oct. 25, 2017 before 8:00 p.m. MT . A webcast to review the third quarter will be held on Thursday, Oct. 26, 2017 at 7:30 a.m. MT . Representing management will be Steve Williams, president and chief executive officer and Alister Cowan, executive vice president and chief [...]
Suncor today announced it has been certified at gold-level in Progressive Aboriginal Relations program from the Canadian Council for Aboriginal Business . The award was presented at the 15th annual CCAB gala, where Suncor was recognized for its commitment to Canada's Aboriginal Peoples. "This is an important recognition for Suncor as it [...]
The Suncor Energy Foundation today announced a $1 million investment, as a founding partner of the recently established Wood Buffalo Community Foundation . The investment will help the WBCF continue their collaborative work with donors, grant committees and local charities to strengthen the community and enhance quality of life in the Wood Buffalo [...]
All financial figures are in Canadian dollars CALGARY, ALBERTA--(Marketwired - Sep 18, 2017) - Today, Petro-Canada, a Suncor business, announced the 2017 Fuelling Athletes and Coaching Excellence (FACE™) Program grant recipients. Every year, Petro-Canada selects fifty-five promising athletes from across Canada. These athletes and their [...]
CALGARY, ALBERTA--(Marketwired - Aug 31, 2017) - Steve Williams, president and chief executive officer, will present at the Barclays CEO Energy-Power Conference on Wednesday, September 6, 2017 at 9:05 a.m. MT (11:05 a.m. ET). The webcast link will be available on Suncor's website at suncor.com/webcasts, or at the following URL for 180 days [...]
