Suncor Energy

Canadian Oil Sands is a Canadian company that generates income from its oil sands investment in the Syncrude Joint Venture. Syncrude operates an oil sands facility and produces crude oil through the mining of oil sands from ore deposits in the Athabasca region of northern Alberta, Canada. As of January 2, 2007, the company holds a 36.74% interest in Syncrude, which is the largest stake of any of the joint owners.

Canadian Oil Sands

Syncrude is one of the world's largest producers of synthetic crude oil from oil sands and the largest single source producer in Canada. It is located just outside Fort McMurray in the Athabasca Oil Sands, and has a nameplate capacity of 350,000 barrels per day (56,000 m3/d) of oil, equivalent to about 13% of Canada's consumption. It has approximately 5.1 billion barrels (810,000,000 m3) of proven and probable reserves (11.9 billion when including contingent and prospective resources) situated on 8 leases over 3 contiguous sites. Including fully realized prospective reserves, current production capacity could be sustained for well over 90 years.

Syncrude

Suncor Energy, Inc. is an integrated energy company, which engages in the development of petroleum resource basins. It operates through the following segments: Oil Sands, Exploration and Production, Refining and Marketing, and Corporate and Eliminations. The Oil Sands segment operates assets in the Athabasca oil sands of northeast Alberta. The Exploration and Production segment consists of offshore operations off the east coast of Canada and in the U.K. The Refining and Marketing segment focuses on two primary operations: the Refining and Supply and Marketing operations discussed below, as well as the infrastructure supporting the marketing, supply and risk management of refined products, crude oil, natural gas, power, and byproducts. The Corporate and Eliminations segment includes activities not directly attributable to any other operating segment. The company was founded in 1917 and is headquartered in Calgary, Canada.

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Suncor Energy (SU) expects capital expenditures in the band of C$6.3-C$6.5 billion and production in the range of 770,000-810,000 boe/d for full-year 2024.

Suncor Energy (SU) Q1 Earnings Rise Y/Y, Sales Top Estimates

Canada's Suncor Energy is leasing Aframax vessels in the Pacific and selling direct to customers, seeking to maximise profits on oil being shipped on the newly completed Trans Mountain pipeline expansion (TMX), the company said on Wednesday.

Canada's Suncor leasing Aframax vessels, selling Trans Mountain crude direct

Suncor Energy (SU) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.01 per share a year ago.

Suncor Energy (SU) Tops Q1 Earnings and Revenue Estimates

Canada's Suncor Energy beat first-quarter profit estimates on Tuesday as the integrated oil and gas firm benefited from demand for refined products and higher oil production.

Suncor Energy beats first quarter profit estimates on refined products demand

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.

Suncor Energy Reports First Quarter 2024 Results

Calgary, Alberta--(Newsfile Corp. - May 7, 2024) - Suncor (TSX: SU) (NYSE: SU) held its Annual General Meeting in Calgary today. A total of 877,654,867 shares (approximately 68.19% of outstanding common shares) were represented in person or by proxy.

Suncor Energy Reports Voting Results from Annual General Meeting

Calgary, Alberta--(Newsfile Corp. - April 30, 2024) - Suncor (TSX: SU) (NYSE: SU) will release its first quarter financial results on May 7, 2024 before 5:00 p.m. MT (7:00 p.m.

Suncor Energy to Release First Quarter 2024 Financial Results, and Hold Annual General Meeting of Shareholders

Calgary, Alberta--(Newsfile Corp. - April 29, 2024) - Suncor (TSX: SU) (NYSE: SU) will host a webcast to provide investors with a Business Update on May 21, 2024 at 7:30 a.m. MT (9:30 a.m.

Suncor Energy To Hold Business Update Webcast

Suncor Energy stock is still attractive despite trading near a 52-week high. It trades at ~10x FWD P/E only, yet offers many profit catalysts. I expect increases in oil prices, improved capacity utilization rates, and contributions from recent acquisitions and capital improvement projects.

Suncor Energy: Still Not Too Late To Buy

Suncor Energy (SU) concluded the recent trading session at $39.15, signifying a +0.18% move from its prior day's close.

Here's Why Suncor Energy (SU) Gained But Lagged the Market Today

Marathon Petroleum

Some shippers on Canada's Trans Mountain expansion project are raising concerns that the long-delayed oil pipeline will not be fully in service by its projected start date of May 1, according to a letter to the Canada Energy Regulator on Tuesday.

Trans Mountain oil shippers raise concerns about risk of delay to full service

Suncor's new management is successfully transforming the company from hazardous to safe.

Suncor Energy: Turnaround Story Not Reflected In The Share Price

Earn more rewards to redeem more frequently by linking Triangle Rewards(R) and Petro-Points(TM) Calgary, Alberta and Toronto, Ontario--(Newsfile Corp. - March 26, 2024) - Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) ("CTC") and Petro-Canada, a Suncor Energy business (TSX: SU) (NYSE: SU), are pleased to announce the details of their recently-launched Triangle Rewards® and Petro-Points™ loyalty partnership. Together, the programs are providing more value and convenience to millions of loyalty members at more than 1,800 Canadian Tire Gas+ ("Gas+") and Petro-Canada locations across the country.

Canadian Tire Corporation and Petro-Canada(TM) Fuel New Adventures with Loyalty Partnership Launch

Suncor Energy (SU) reported earnings 30 days ago. What's next for the stock?

Suncor Energy (SU) Up 8% Since Last Earnings Report: Can It Continue?

Calgary, Alberta--(Newsfile Corp. - March 21, 2024) - Suncor Energy (TSX: SU) (NYSE: SU) has filed its 2023 Annual Report, 2023 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.

Suncor Energy Files Annual Disclosure Documents

Suncor Energy predicts 6% production growth in 2024 and expects stronger refinery utilization. OPEC+ cuts, potential US demand increases, and Trans Mountain Pipeline capacity present opportunities for market access and better pricing. Fortress balance sheet, with a debt to EBITDA of under 1.0x and $4.6 billion in free cash flow.

Suncor Digs Out Strong Total Return With 6% Production Growth

Suncor (SU) and Fort McKay sign a memorandum of understanding regarding a potential oil sands lease development opportunity in Fort McKay reserve lands.

Suncor (SU), Fort McKay Partner on Oil Sands Development

Canada's second-biggest oil producer, Suncor Energy , has signed a memorandum of understanding with Fort McKay First Nation to assess a potential oil sands lease on the Indigenous community's land, the First Nation and company said on Thursday.

Suncor signs agreement on potential Canadian oil lease with First Nation

Calgary, Alberta--(Newsfile Corp. - March 7, 2024) - Fort McKay First Nation (FMFN) and Suncor (TSX: SU) (NYSE: SU) today announced the signing of a Memorandum of Understanding (MOU) on a prospective oil sands lease development opportunity on Fort McKay reserve lands in the Regional Municipality of Wood Buffalo and respectively Fort McKay First Nation Traditional Territory. Building on decades of collaboration, the announcement marks a significant milestone for FMFN, a leader in working with industry to create opportunities for its people while safeguarding the environment, and in Suncor's Journey of Reconciliation.

Fort McKay First Nation and Suncor Energy to Partner on Prospective Oil Sands Development Opportunity on Reserve Lands

Six environmental groups on Feb. 27 filed a legal brief saying they do not support a recent settlement between Colorado and Suncor Energy over an air-quality monitoring program at the company's Commerce City oil refinery.

Colorado's air-monitoring settlement with Suncor is flawed prioritizes energy company's interests, environmentalists say

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In an overlooked energy sector, robust operations, shareholder rewards, and industry tailwinds make Suncor a compelling buy in a tech-dominated market. SU offers deep value potential amidst sector volatility. Strong fundamentals, shareholder-friendly policies, and favorable industry dynamics position it for substantial upside. Despite market sentiment favoring tech, SU's undervaluation, strong fundamentals, and industry prospects make it a standout investment choice.

Forget Tech, Suncor Energy Offers Significant Upside In A Beaten-Down Sector

Suncor Energy Inc. (NYSE:SU) Q4 2023 Earnings Conference Call February 22, 2024 9:30 AM ET

Suncor Energy Inc. (SU) Q4 2023 Earnings Call Transcript

Suncor Energy , Canada's second-largest oil producer, will focus this year on cutting operating costs in its oil sands mining business, CEO Rich Kruger said on Thursday, as the company continues efforts to fix long-running underperformance.

News for Suncor Energy Stock (SU)