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.
Suncor Energy Inc. (SU) is an integrated energy company active across oil sands development and upgrading, offshore oil production, petroleum refining in Canada and the U.S., and the Petro-Canada retail and wholesale distribution networks. The company’s news flow reflects this integrated model, combining updates on upstream production, downstream refining and marketing, capital allocation, and financial performance.
On this page, readers can follow Suncor’s news releases that are also furnished to regulators via Form 6-K filings. These items include quarterly and annual results, where the company reports metrics such as upstream production levels, upgrader utilization, refinery throughput, refining utilization, and refined product sales. Suncor’s communications also highlight safety performance, with references to best-ever personnel and process safety results, and to operational reliability across its assets.
Investors and observers will find announcements related to corporate guidance, where Suncor outlines expected ranges for annual upstream production, refinery utilization, capital expenditures, and other outlook measures. The company also issues news on dividends, share repurchase activity, and debt offerings, providing insight into its approach to shareholder returns, capital structure, and funding.
Because Suncor describes itself as developing petroleum resources while advancing a transition to a lower-emissions future, its news may also reference investments in lower emissions intensity power, renewable feedstock fuels, and projects targeting emissions intensity. Together, these updates provide a view into how the company manages its oil sands, offshore, refining, marketing, and energy trading operations over time.
Bookmark this page to review Suncor Energy’s latest official announcements, performance highlights, and guidance updates as they are released.
Suncor reported strong financial performance in Q1 2021, generating $2.1 billion in funds from operations, significantly exceeding capital expenditures and dividends. The company achieved net earnings of $821 million compared to a $3.525 billion loss the previous year. Total upstream production increased to 785,900 boe/d, with operational improvements reflected in lower cash operating costs. Suncor repurchased $318 million worth of shares and reduced debt by $1.1 billion. The company anticipates continued financial resilience supported by strategic investments and improved market conditions.
Suncor Energy has declared a quarterly dividend of $0.21 per share, scheduled for payment on June 25, 2021, to shareholders on record by June 4, 2021. The company is recognized as Canada's leading integrated energy provider, focusing on oil sands development, offshore production, and refining, while also expanding its renewable energy portfolio. Suncor is part of various sustainability indexes, emphasizing its commitment to responsible resource development.
Suncor will announce its first quarter financial results on May 3, 2020, before 8:00 p.m. MT (10:00 p.m. ET). An investor webcast will take place on May 4 at 7:30 a.m. MT (9:30 a.m. ET), featuring CEO Mark Little and CFO Alister Cowan. The Annual Meeting is also scheduled for May 4 at 10:30 a.m. MT (12:30 p.m. ET) and will be held online. Additionally, an Investor Day is planned for May 26, 2021, starting at 8:00 a.m. MT (10:00 a.m. ET). Shareholders can register for these events via Suncor's website.
Suncor Energy has boosted its investment in Svante Inc. by contributing $25 million to a Series D funding round, bringing the total to $100 million. This financing aims to accelerate the commercialization of Svante's innovative CO2 capture technology, crucial for reducing industrial emissions and hydrogen production. The investment represents the largest private funding in point source carbon capture globally. Svante plans to capture over 40 million tonnes of CO2 annually by 2030, driven by federal incentives and corporate net-zero commitments.
Suncor Energy has announced the issuance of US$750 million in 2051 senior unsecured notes at a 3.750% coupon and CAD$500 million of 2051 medium-term notes at a 3.950% coupon. The proceeds will be used to repay commercial paper and for general corporate purposes. Additionally, Suncor has canceled $2.8 billion in bi-lateral credit facilities and will redeem US$220 million and CAD$750 million in notes due in 2021 by March 31, 2021. These moves reflect Suncor's focus on financial health amid improving commodity prices.
Suncor has filed its 2020 Annual Report, Annual Information Form, and 2021 Management Proxy Circular, providing essential updates for shareholders and investors. These documents can be accessed through Suncor’s profile on sedar.com and the SEC. Suncor, a major player in Canada's energy sector, is engaged in oil sands development, offshore production, and petroleum refining. It is committed to sustainable practices and is a recognized member of various sustainability indexes.
Suncor announced that Russ Girling will stand for election to its Board of Directors at the Annual General Meeting on May 4, 2021. Girling, with 35 years in the energy sector, previously served as President and CEO of TC Energy, achieving a 12% average annual shareholder return over two decades. His extensive experience in governance and financial acuity aligns well with Suncor's values, making him a valuable addition to the Board. Suncor, a leading integrated energy company in Canada, focuses on responsibly developing petroleum resources and expanding its renewable energy portfolio.
Suncor reported strong operational results in Q4 2020, achieving funds from operations of $1.221 billion ($0.80/share), up from $1.166 billion in Q3 2020. Operating costs were reduced by $1.3 billion (12%) in 2020. However, the company incurred a net loss of $168 million ($0.11/share) due to a $423 million impairment charge related to the West White Rose Project. Suncor plans to pay down $1-$1.5 billion in debt and repurchase $500 million to $1 billion in shares in 2021. The company also approved a quarterly dividend of $0.21/share, continuing its commitment to shareholder returns.
Suncor Energy has declared a quarterly dividend of $0.21 per share on its common shares, with payment scheduled for March 25, 2021. Shareholders of record by the close of business on March 4, 2021 will receive this dividend. As an integrated energy company based in Canada, Suncor's operations encompass oil sands, offshore oil and gas production, refining, and marketing through Petro-Canada. The company is recognized on several sustainability indices and is committed to responsibly developing petroleum resources while enhancing its renewable energy portfolio.
Suncor will announce its fourth quarter financial results on February 3, 2021, at 8:00 p.m. MT. A subsequent webcast is scheduled for February 4 at 7:30 a.m. MT, featuring management including Mark Little, CEO, and Alister Cowan, CFO. Analysts will have an opportunity to engage in a Q&A session after management remarks. Suncor, symbol SU, is a leader in Canada's energy sector with diversified operations, including oil sands, refining, and renewable energy initiatives. Details on participation are available on suncor.com/webcasts.
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