Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate and Eliminations segments. The Oil Sands segment recovers bitumen from mining and in situ operations, and upgrades it into refinery feedstock and diesel fuel, or blends the bitumen with diluent for direct sale to market. The Exploration and Production segment is involved in offshore operations off the east coast of Canada and in the North Sea; and operating onshore assets in Libya and Syria. The Refining and Marketing segment refines crude oil and intermediate feedstock into various petroleum and petrochemical products; and markets refined petroleum products to retail, commercial, and industrial customers through its other retail sellers. The Corporate and Eliminations segment operates four wind farm operations in Ontario and Western Canada. The company also markets and trades in crude oil, natural gas, byproducts, refined products, and power. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1917 and is headquartered in Calgary, Canada.
IPO Year:
Exchange: NYSE
Website: suncor.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/26/2025 | Neutral | BofA Securities | |
| 2/10/2025 | Hold → Buy | Tudor, Pickering, Holt & Co. | |
| 12/16/2024 | Overweight → Equal-Weight | Morgan Stanley | |
| 11/14/2024 | Hold → Buy | Desjardins | |
| 8/7/2024 | Hold → Buy | TD Securities | |
| 8/7/2024 | Market Perform → Outperform | BMO Capital Markets | |
| 7/18/2024 | $68.00 | Outperform | Wolfe Research |
| 9/28/2023 | Buy → Hold | TD Securities | |
| 9/18/2023 | Buy → Hold | Desjardins | |
| 8/23/2023 | Equal Weight → Overweight | Wells Fargo |
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production volumes are presented on a working-interest basis, before royalties, except for production values from the company's Libya operations, which are presented on an economic basis. Certain financial measu
All financial figures are in Canadian dollars.Calgary, Alberta--(Newsfile Corp. - May 6, 2025) - Suncor Energy's (TSX:SU) (NYSE:SU) Board of Directors has approved a quarterly dividend of $0.57 per share on its common shares, payable June 25, 2025 to shareholders of record at the close of business on June 4, 2025.Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the U.S.; and the company's Petro-CanadaTM retail and wholesale distribution networks (including Canada's Electric HighwayTM, a coast-to-coast network of fast-charging EV stations). Suncor
Calgary, Alberta--(Newsfile Corp. - May 6, 2025) - Suncor Energy (TSX:SU) (NYSE:SU) held its Annual General Meeting in Calgary today. A total of 868,548,152 shares (approximately 70.29% of outstanding common shares) were represented in person or by proxy. Shareholders voted as follows on the matters before the meeting: Shareholders elected the following eleven board members (ten of whom are independent), with shares represented at the meeting voting in favour of individual directors as follows: Ian R. Ashby 98.77%Patricia M. Bedient 98.54%Russell Girling 97.06%Jean Paul (JP) Gladu 98.17%Richard M. Kruger 99.19%Brian P. MacDonald 98.59%Lorraine Mitchelmore 94.68% Jane L. Peverett 98.43%Daniel
Calgary, Alberta--(Newsfile Corp. - April 22, 2025) - Suncor Energy (TSX:SU) (NYSE:SU) will release its first quarter financial results on May 6, 2025 before 5:00 p.m. MT (7:00 p.m. ET).A webcast to review the first quarter will be held on May 7, 2025 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Rich Kruger, President and Chief Executive Officer and Kris Smith, Chief Financial Officer. A question and answer period with analysts will follow brief remarks from management. Troy Little, Senior Vice President, External Affairs will host the call.To listen to the webcast please follow the instructions provided at https://www.suncor.com/en-ca/investors/events-and-presentations.An
All financial figures are in Canadian dollars.Calgary, Alberta--(Newsfile Corp. - February 26, 2025) - Suncor Energy (TSX:SU) (NYSE:SU) has filed its 2024 Annual Report, 2024 Annual Information Form and 2024 Management Proxy Circular.To view the company's annual disclosure documents, visit Suncor's profile on sedarplus.com or sec.gov or visit Suncor's website at suncor.com/financialreports.Normal Course Issuer Bid (NCIB)Additionally, the Toronto Stock Exchange (TSX) has accepted a notice filed by Suncor to renew its NCIB to purchase the company's common shares through the facilities of the TSX, New York Stock Exchange and/or alternative trading systems in Canada and the U.S. The notice provi
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production volumes are presented on a working-interest basis, before royalties, except for production values from the company's Libya operations, which are presented on an economic basis. Certain financial measu
All financial figures are in Canadian dollars.Calgary, Alberta--(Newsfile Corp. - February 5, 2025) - Suncor Energy's (TSX:SU) (NYSE:SU) Board of Directors has approved a quarterly dividend of $0.57 per share on its common shares, payable March 25, 2025 to shareholders of record at the close of business on March 4, 2025.Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the U.S.; and the company's Petro-CanadaTM retail and wholesale distribution networks (including Canada's Electric HighwayTM, a coast-to-coast network of fast-charging EV stations).
Calgary, Alberta--(Newsfile Corp. - January 22, 2025) - Suncor Energy (TSX:SU) (NYSE:SU) will release its fourth quarter financial results on February 5, 2025 before 5:00 p.m. MT (7:00 p.m. ET).A webcast to review the fourth quarter will be held on February 6, 2025 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Rich Kruger, President and Chief Executive Officer and Kris Smith, Chief Financial Officer. A question and answer period with analysts will follow brief remarks from management. Troy Little, Senior Vice President, External Affairs will host the call.To listen to the webcast, please join here.If you are an analyst and would like to participate in the Q&A period, please
(All figures are approximate)Calgary, Alberta--(Newsfile Corp. - January 6, 2025) - Suncor (TSX:SU) (NYSE:SU) today provided an operational performance update for its upstream and downstream businesses for the 4th quarter and full year of 2024 as summarized below: Upstream Highlights:Record quarterly production of 874,000 bbls/d, up 66,000 bbls/d from 4th quarter 2023Quarterly upgrader utilization of 103%, with both Syncrude and Base Plant greater than 100%Record annual production of 827,000 bbls/d, up 81,000 bbls/d, or 10.9%, from 2023 Annual production 17,000 bbls/d above the high-end of guidance Record annual upgrader utilization of 98%, 6% higher than previous best Record annual utilizat
All financial figures are in Canadian dollars, unless noted otherwiseCalgary, Alberta--(Newsfile Corp. - December 12, 2024) - Suncor Energy (TSX:SU) (NYSE:SU) Growth in upstream consistent with plan to add over 100,000 bbls/d between 2023 and 2026Increased refinery utilization reflecting stronger asset performance and market positionLower oil sands costs driven by productivity improvementsDisciplined capital program with select high quality strategic investmentsFinancial performance aligned with May 2024 Investor Day commitments Suncor Energy released its 2025 corporate guidance today including growing annual upstream production to 810,000 to 840,000 bbls/d as well as increased annual refini