Suncor Energy: Suncor hit a major milestone this month as our in situ oil sands operations produced their combined one billionth barrel of oil. The milestone was 20 years in the making for our MacKay River and Firebag facilities, which began producing in 2002 and 2004 respectively. The achievement represents our commitment to ingenuity, innovation [...]
Suncor Energy released its 2023 corporate guidance today. "Over the past several months, our new mining leadership has done an in-depth review of our assets and developed a multi-year plan that will deliver marked improvements in safety, reliability and operational performance," said Kris Smith interim president and chief executive officer. "In [...]
Suncor Energy's Board of Directors, today announced that following a comprehensive review, it has decided to retain and continue to improve and optimize the Petro-Canada retail business, increasing its EBITDA contribution and strengthening Suncor's integrated refining & marketing business. This will include continued optimization of the [...]
Suncor will hold an investor presentation on November 29, 2022 from 11:00 a.m. to 1:00 p.m. MT . The presentation will focus on the results of the previously announced review of the company's retail assets, provide updates on production and operational actions and plans to ensure safe and reliable performance, and a discussion of 2023 guidance [...]
Suncor Energy's Board of Directors has approved a quarterly dividend of $0.52 per common share representing an 11% increase over the prior quarter dividend. Sustained operational improvements across the asset base, realization of free funds flow improvements together with continued capital discipline and share buybacks have driven stronger free [...]
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 [...]
Suncor will release its third quarter financial results on November 2, 2022 before 8:00 p.m. MT . A webcast to review the third quarter will be held on November 3, 2022 at 7:30 a.m. MT . Representing management will be Kris Smith, Interim President and Chief Executive Officer and Alister Cowan, Chief Financial Officer. A question and answer period [...]
All financial figures are in Canadian dollars Suncor Energy today announced that it has agreed to purchase an additional 21.3% working interest in the Fort Hills Project and associated sales and logistics agreements from Teck Resources Ltd., for consideration of $1 billion. Upon closing, Suncor's aggregate share in the project will increase to [...]
Suncor will hold an investor presentation on November 29, 2022 from 11:00 a.m. to 1:00 p.m. MT . The presentation will focus on the results of the previously announced review of the company's retail assets, provide updates on production and operational actions and plans to ensure safe and reliable performance, and a discussion of 2023 guidance [...]
All financial figures are in Canadian dollars. Suncor today announced it has reached an agreement to sell its wind and solar assets for $730 million to Canadian Utilities Limited, an ATCO company. As previously announced, Suncor is divesting its wind and solar assets to focus on areas of energy expansion, hydrogen and renewable fuels, that are more [...]
Suncor Energy Inc. today announced the expiration of the offers to purchase for cash any and all of the ten series of outstanding notes described below , and that it has amended the Offer to Purchase by increasing the Maximum Purchase Consideration from C$1.75 billion to C$3.6 billion. The Offers described herein were made on the terms and [...]
Suncor Energy Inc. today announced the pricing of the offers to purchase for cash any and all of the ten series of outstanding notes described below , up to a maximum C$1,750,000,000 aggregate amount of Total Consideration , on the terms and conditions set forth in the Offer to Purchase, dated September 26, 2022 . The Offer to Purchase and the [...]