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.

Earnings data Q4 2020

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Earnings data Q4 2022

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Suncor's (SU) CEO assures Canadian lawmakers of the company's firm stance on carbon reduction and sustainable energy transition amid the industry's uncertainties and regulatory challenges.

Suncor (SU) CEO Reaffirms Commitment to Decarbonization Efforts

Suncor has 26 years of oil reserves and can produce them profitably at an average price of $35 per barrel. Suncor has higher gross margins than other major oil companies due to its limited overseas exposure and minimal spending on exploration. The completion of the Trans Mountain Pipeline expansion will allow Suncor to ship oil to Asia, expanding its market.

Suncor Energy: 5 Reasons It's Going Higher

Unpredictability in Canadian energy policy is scaring away capital investment in the sector, the CEO of one of Canada's largest oil producers, Suncor Energy , told a parliamentary committee on Monday.

Suncor CEO says unpredictable Canadian energy policy scaring away capital

Environmental group Greenpeace on Thursday said it has filed a complaint against Suncor Energy with the Alberta Securities Commission (ASC), arguing that Canada's second-largest oil producer is failing to fully disclose climate-related risks to shareholders.

Greenpeace Canada files regulatory complaint over Suncor's climate disclosures

Suncor Energy (SU) announces the acquisition of TotalEnergies' Canadian oil sands stake for $1.07 billion, enhancing its bitumen production capacity.

Suncor Energy (SU) to Acquire TotalEnergies' Canadian Stake

TotalEnergies SE

Suncor Energy on Wednesday said it will acquire TotalEnergies' Canadian operations for C$1.47 billion ($1.07 billion).

Suncor Energy to acquire TotalEnergies' Canadian operations for C$1.47 bln

All financial figures are in Canadian dollars, unless noted otherwise Includes a 31.23% working interest in the Fort Hills project, with Suncor now owning 100% Adds 61,000 barrels per day of bitumen production capacity, 675 million barrels of 2P reserves Secures additional long-term bitumen supply to fill Suncor's Base Plant upgraders Calgary, Alberta--(Newsfile Corp. - October 4, 2023) - Suncor Energy (TSX: SU) (NYSE: SU) announced today that it has agreed to purchase TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project (Fort Hills) for $1.468 billion.

Suncor Energy to Acquire TotalEnergies' Canadian Operations for $1.468 Billion

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Oil prices have steadily climbed over the past few months, resulting in higher gasoline prices for consumers. Three energy companies are highlighted as beneficiaries of higher oil prices. Their dividends can help offset the cost of expensive gasoline. Buying shares in these energy companies can serve as a hedge against high oil prices and their dividends can assist consumers in paying for more expensive fuel.

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Earlier this year, Shark Tank star Kevin O'Leary commented that energy stocks looked golden. In particular, he pointed out their robust cash flow and generous payouts. His thesis has worked out beautifully in the U.S. market so far. In this article, I will argue Canada's leading energy stock, Suncor Energy Inc., looks golden too, probably even more so than its U.S. peers.

Suncor Energy Looks Golden

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Coming out of second quarter earnings season, Wall Street analysts have downgraded several notable stocks. These deductions are due to everything from overvaluation and profitability concerns to overheated share prices and rising competition.

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Suncor Energy is well-positioned for a potential oil price spike and has one of the best reserve life ratios in the industry. Suncor's latest quarterly results show steady production growth and ample reserves. The global supply/demand gap for oil is likely to persist, creating investment opportunities for Suncor.

Suncor Energy: Ride The Potential Global Oil Price Spike

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

Suncor Energy (SU) Up 11.6% Since Last Earnings Report: Can It Continue?

Jane Peverett joins the Board Eira Thomas retires from the Board Calgary, Alberta--(Newsfile Corp. - September 5, 2023) - Suncor Energy (TSX: SU) (NYSE: SU) today announced changes to the company's Board of Directors. Eira Thomas has retired from and Jane Peverett has been appointed to the Board effective September 1, 2023.

Suncor Energy Announces Changes to Board of Directors

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Suncor Energy (SU) anticipates production in the range of 740,000-770,000 boe/d and capital expenditures in the band of C$5.4-C$5.8 billion for 2023.

Suncor Energy (SU) Q2 Earnings Fall Y/Y, Sales Beat Estimates

Suncor Energy, a Canadian integrated oil company, is poised for growth with efficient operations, substantial oil reserves, and plans to distribute excess cash to shareholders. SU generates substantial cash flow with a clear plan to reward shareholders through buybacks. It also has an attractive dividend yield. With a focus on operational improvements, increasing refinery utilization rates, and potential oil price growth, SU presents an attractive long-term investment opportunity.

Suncor: A 5% Yield, Massive Buyback Potential, And Way Undervalued

While the top- and bottom-line numbers for Suncor Energy (SU) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Suncor Energy (SU) Reports Q2 Earnings: What Key Metrics Have to Say

Suncor Energy Inc. (NYSE:SU ) Q2 2023 Results Conference Call August 15, 2023 9:30 AM ET Company Participants Troy Little - VP, IR Rich Kruger - President and CEO Kris Smith - CFO Peter Zebedee - EVP, Oil Sands Dave Oldreive - EVP, Downstream Shelley Powell - SVP, Operational Improvement and Support Services Conference Call Participants Greg Pardy - RBC Capital Markets Dennis Fong - CIBC Neil Mehta - Goldman Sachs Manav Gupta - UBS Menno Hulshof - TD Securities John Royall - JPMorgan Kalei Akamine - Bank of America Operator Good day, and welcome to the Suncor Energy Second Quarter 2023 Results Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

Suncor Energy Inc. (SU) Q2 2023 Earnings Call Transcript

Canada's Suncor Energy is continuing talks with French oil major TotalEnergies about buying its nearly one-third stake in the Fort Hills oil sands mine, Suncor's CEO said on Tuesday.

Canada's Suncor continues talks to buy TotalEnergies' Fort Hills oil sands stake

Suncor Energy Inc. (TSX:SU) shares are seen slightly lower in premarket deals, on Nasdaq, following quarterly results that showed a halving of profit in the second three-months of its financial year. Net income was reported at C$1.88 billion (US$1.4bn) down from C$4 billion in the same period last year, whilst on a per share basis it reported C$1.44 versus C$2.84.

Suncor stock seen lower but robust after showing softer profits

Canada's Suncor Energy reported a lower second-quarter profit on Monday, as oil and gas prices retreated from last year's peak amid concerns over a slowdown in global economic growth.

Suncor Energy's quarterly profit falls

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 Second Quarter 2023 Results

Calgary, Alberta--(Newsfile Corp. - August 14, 2023) - Suncor (TSX: SU) (NYSE: SU) announced today a series of changes to its executive leadership team. The changes are designed to drive greater clarity, simplicity and focus on corporate strategy, business fundamentals, execution excellence and sustainability.

Suncor Energy Announces Executive Leadership Team Changes

A lot of people on Wall Street are bullish on energy right now, with investment bank Goldman Sachs (NYSE: GS ) recently forecasting that the price of Brent crude oil, the international benchmark, will be at $86 a barrel by year's end. But not so fast.

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News for Suncor Energy Stock (SU)