Welcome to our dedicated page for Suncor Energy news (Ticker: $SU), a resource for investors and traders seeking the latest updates and insights on Suncor Energy stock.
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Suncor Energy Inc. reported strong first-quarter 2024 results with $3.2 billion in adjusted funds from operations and $1.8 billion in adjusted operating earnings. Record upstream production and refined product sales were achieved. Net debt decreased to $13.485 billion. The company returned $1.0 billion to shareholders. Suncor launched a loyalty partnership with Canadian Tire No changes were made to the corporate guidance.
Suncor Energy's Board of Directors has approved a quarterly dividend of $0.545 per share on its common shares, payable on June 25, 2024, to shareholders of record on June 4, 2024. Suncor Energy is a leading integrated energy company in Canada, involved in oil sands development, production and upgrading, offshore oil production, petroleum refining, and energy trading activities. The company is focusing on advancing the transition to a low-emissions future through investments in power and renewable fuels. Suncor's common shares are listed on the Toronto and New York stock exchanges.
Suncor Energy held its Annual General Meeting in Calgary, where shareholders voted on various matters. Board members were elected, auditors were appointed, and the approach to executive compensation was approved. Shareholders denied resolutions regarding Suncor's Net Zero pledge and disclosure of climate transition scenarios. Suncor Energy is a leading integrated energy company in Canada, focusing on oil sands development, refining, power, and renewable fuels.
Suncor Energy, a leading integrated energy company in Canada, will release its first quarter financial results on May 7, 2024, and host its Annual General Meeting on the same day. The webcast to review the first quarter will be held on May 8, 2024. Suncor's operations include oil sands development, offshore oil production, petroleum refining, and energy trading activities. Shareholders can participate in the Annual General Meeting online and access detailed instructions on the company's website.
Suncor Energy will host a webcast to provide investors with a Business Update on May 21, 2024, focusing on lowering breakeven costs and increasing shareholder returns. Management representatives include the President, CEO, CFO, and EVPs. Suncor is Canada's leading integrated energy company engaged in oil sands, offshore oil production, refining, and energy trading activities.
