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 |
|---|---|---|---|
| 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 | $68.00 | Outperform | Wolfe Research |
| 9/28/2023 | Buy → Hold | TD Securities | |
| 9/18/2023 | Buy → Hold | Desjardins | |
| 8/23/2023 | Equal Weight → Overweight | Wells Fargo | |
| 7/13/2023 | Outperform → Market Perform | BMO Capital Markets | |
| 7/12/2023 | Buy | UBS | |
| 4/28/2023 | Sector Perform → Outperform | National Bank Financial |
6-K - SUNCOR ENERGY INC (0000311337) (Filer)
6-K - SUNCOR ENERGY INC (0000311337) (Filer)
6-K - SUNCOR ENERGY INC (0000311337) (Filer)
6-K - SUNCOR ENERGY INC (0000311337) (Filer)
6-K - SUNCOR ENERGY INC (0000311337) (Filer)
SD - SUNCOR ENERGY INC (0000311337) (Filer)
6-K - SUNCOR ENERGY INC (0000311337) (Filer)
6-K - SUNCOR ENERGY INC (0000311337) (Filer)
6-K - SUNCOR ENERGY INC (0000311337) (Filer)
6-K - SUNCOR ENERGY INC (0000311337) (Filer)
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), 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. - November 12, 2024) - Suncor Energy's (TSX:SU) (NYSE:SU) Board of Directors has approved a quarterly dividend of $0.57 per common share, representing an approximate increase of 5% over the prior quarterly dividend. "Sustained operational improvements across our asset base, the continued realization of free funds flow improvements as well as meaningful share buybacks have driven stronger free funds flow per share," said Rich Kruger, Suncor President and Chief Executive Officer. "The Board of Directors' confidence in improving operating performance and the strengthening of our financial position supports increasin
Calgary, Alberta--(Newsfile Corp. - October 22, 2024) - Suncor Energy (TSX:SU) (NYSE:SU) will release its third quarter financial results on November 12, 2024 before 5:00 p.m. MT (7:00 p.m. ET).A webcast to review the third quarter will be held on November 13, 2024 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
Calgary, Alberta--(Newsfile Corp. - October 3, 2024) - Suncor Energy Inc. (TSX:SU) (NYSE:SU) ("Suncor") announced today the total consideration payable in connection with its previously announced tender offers (the "Tender Offers") to purchase for cash: (i) up to C$1,000,000,000 aggregate principal amount (the "Pool 1 Maximum Amount"), of its 6.50% Notes due 2038 and 6.80% Notes due 2038 (collectively, the "Pool 1 Notes") and (ii) up to C$100,000,000 aggregate principal amount (the "Pool 2 Maximum Amount" and, together with the Pool 1 Maximum Amount, the "Maximum Amounts"), of its 3.10% Series 6 Medium Term Notes due 2029, 3.00% Series 5 Medium Term Notes due 2026, 6.00% Notes due 2042, 5.35
Calgary, Alberta--(Newsfile Corp. - October 3, 2024) - Suncor Energy Inc. (TSX:SU) (NYSE:SU) ("Suncor") announced today the early tender results for its tender offers to purchase for cash certain of its outstanding series of notes (the "Tender Offers").Suncor also announced that it has increased the previously announced Pool 1 Maximum Amount (as defined below) from C$700,000,000 aggregate purchase price, excluding accrued and unpaid interest, to C$1,000,000,000 aggregate principal amount and the Pool 2 Maximum Amount (as defined below) from C$100,000,000 aggregate purchase price, excluding accrued and unpaid interest, to C$100,000,000 aggregate principal amount. Details of the Tender Offers
Calgary, Alberta--(Newsfile Corp. - September 19, 2024) - Suncor Energy Inc. (TSX:SU) (NYSE:SU) ("Suncor") announced today the commencement of tender offers to purchase for cash certain of its outstanding series of notes listed in the table below (collectively, the "Notes") for an aggregate purchase price, excluding accrued and unpaid interest, of up to C$800 million (collectively, the "Tender Offers").Title of Security(1)CUSIP/ISINPrincipal AmountOutstandingMaximum Amount(2)Acceptance PriorityLevel(3)Par Call Date(4)Maturity DateReferenceSecurityBloomberg ReferencePageFixed Spread(5)(6)Pool 1 Tender Offers6.50% Notes due 2038867229AE6 / US867229AE68US$954,042,000C$700,000,0001N/AJune 15, 20
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), 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. - August 6, 2024) - Suncor Energy's (TSX:SU) (NYSE:SU) Board of Directors has approved a quarterly dividend of $0.545 per share on its common shares, payable September 25, 2024 to shareholders of record at the close of business on September 4, 2024.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 stat
Calgary, Alberta--(Newsfile Corp. - July 23, 2024) - Suncor (TSX:SU) (NYSE:SU) will release its second quarter financial results on August 6, 2024 before 5:00 p.m. MT (7:00 p.m. ET).A webcast to review the second quarter will be held on August 7, 2024 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, Vice President, Investor Relations 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 register here.Sunc
Partnerships with Canadian Olympic Committee and Canadian Paralympic Committee extended for the next four GamesFACE™ program has supported more than 3,500 athletes and coaches with $14 millionPetro-Canada's 2024 Olympic and Paralympic Games campaign launches Calgary, Alberta--(Newsfile Corp. - July 16, 2024) - Petro-Canada, a Suncor Energy (TSX:SU) (NYSE:SU) business, is extending its longstanding partnerships with the Canadian Olympic Committee and the Canadian Paralympic Committee, which will ensure ongoing support of Canadian athletes, coaches and athletes' families for another eight years. The support continues Petro-Canada's recognition as a National Partner of the Canadian Olympic Comm
Desjardins upgraded Suncor Energy from Hold to Buy
BMO Capital Markets upgraded Suncor Energy from Market Perform to Outperform
TD Securities upgraded Suncor Energy from Hold to Buy
Wolfe Research resumed coverage of Suncor Energy with a rating of Outperform and set a new price target of $68.00
TD Securities downgraded Suncor Energy from Buy to Hold
Desjardins downgraded Suncor Energy from Buy to Hold
Wells Fargo upgraded Suncor Energy from Equal Weight to Overweight
BMO Capital Markets downgraded Suncor Energy from Outperform to Market Perform
UBS initiated coverage of Suncor Energy with a rating of Buy
National Bank Financial upgraded Suncor Energy from Sector Perform to Outperform
Partnerships with Canadian Olympic Committee and Canadian Paralympic Committee extended for the next four GamesFACE™ program has supported more than 3,500 athletes and coaches with $14 millionPetro-Canada's 2024 Olympic and Paralympic Games campaign launches Calgary, Alberta--(Newsfile Corp. - July 16, 2024) - Petro-Canada, a Suncor Energy (TSX:SU) (NYSE:SU) business, is extending its longstanding partnerships with the Canadian Olympic Committee and the Canadian Paralympic Committee, which will ensure ongoing support of Canadian athletes, coaches and athletes' families for another eight years. The support continues Petro-Canada's recognition as a National Partner of the Canadian Olympic Comm
Calgary, Alberta--(Newsfile Corp. - March 24, 2023) - Suncor Energy (TSX:SU) (NYSE:SU) today announced the appointment of Daniel (Dan) Romasko to the company's Board of Directors. Mr. Romasko's appointment is pursuant to the cooperation agreement with Elliott Investment Management dated July 16, 2022 as amended, and is effective March 23, 2023."I'm pleased to welcome Dan to the Suncor board," said Board Chair Michael Wilson. "He brings with him significant energy and refining leadership experience, including experience more than a decade ago as an executive in Suncor's oil sands business. Dan's valuable expertise will complement our board skills and we're looking forward to working with him.
Alister Cowan, Chief Financial Officer, to retire at the end of the yearKris Smith to become Chief Financial Officer and Executive Vice President of Corporate Development Calgary, Alberta--(Newsfile Corp. - February 21, 2023) - Suncor (TSX:SU) (NYSE:SU) today announced that its board of directors has unanimously selected Rich Kruger to be the company's next President and Chief Executive Officer, effective April 3, 2023. Mr. Kruger will also join the Suncor Board of Directors. The announcement follows a rigorous global search process conducted by a special committee of the Board. The committee undertook an extensive evaluation of a number of highly qualified candidates with the support of an
Three new independent directors join the Board, two of whom will serve on the CEO search committeeNew Board committee to conduct a strategic review of downstream retail businessCalgary, Alberta--(Newsfile Corp. - July 18, 2022) - Suncor (TSX:SU) (NYSE:SU) today announced that it has entered into an agreement with Elliott Investment Management L.P. (together with its affiliates "Elliott"), pursuant to which Suncor's Board of Directors will appoint three new independent directors, two of whom will serve on the CEO search committee. The Board will also form a new committee to oversee a strategic review of Suncor's downstream retail business. These actions build on Suncor's ongoing efforts to en
Mark Little to step down, effective immediately Kris Smith appointed Interim CEOBoard begins global search for next CEOCalgary, Alberta--(Newsfile Corp. - July 8, 2022) - Suncor (TSX:SU) (NYSE:SU) announced today that the Board of Directors and chief executive officer Mark Little have mutually agreed that Mr. Little will step down as president and chief executive officer and resign from the Board, effective immediately. Kris Smith, who is currently executive vice president, Downstream, has been named Interim CEO. Suncor's Board has formed a CEO search committee to conduct a global search to select the company's next CEO and is engaging a global executive recruiting firm to assist with this
Calgary, Alberta--(Newsfile Corp. - March 22, 2022) - Suncor (TSX:SU) (NYSE:SU) today announced the appointment of Peter Zebedee as the executive vice president of Mining and Upgrading, effective April 11, 2022. Peter comes to Suncor from LNG Canada where he had been seconded by Shell as the chief executive officer since 2019. Prior to his secondment into the LNG Canada joint venture, Peter's last position with Shell was vice president Canada Manufacturing and general manager Scotford. As the executive vice president, Mining and Upgrading, Peter will lead all of Suncor's mining and upgrading operations, including Syncrude. He will also oversee Suncor's involvement with the Regional Municipal
Cheniere Energy, Inc. ("Cheniere") (NYSE:LNG) announced today that its Board of Directors ("Board") has appointed Patricia K. Collawn and Lorraine Mitchelmore to serve as members of the Board, effective July 1, 2021. Ms. Collawn and Ms. Mitchelmore are considered independent directors. Ms. Collawn has been appointed to the Audit and Compensation Committees and Ms. Mitchelmore has been appointed to the Audit and Governance and Nominating Committees. Ms. Collawn is the Chairman, President and Chief Executive Officer of PNM Resources, Inc. ("PNM Resources") (NYSE:PNM), an energy holding company based in New Mexico. Ms. Collawn joined PNM Resources in 2007 from Public Service Company of Colora
SC 13G/A - SUNCOR ENERGY INC (0000311337) (Subject)
SC 13G - SUNCOR ENERGY INC (0000311337) (Subject)
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. - November 12, 2024) - Suncor Energy's (TSX:SU) (NYSE:SU) Board of Directors has approved a quarterly dividend of $0.57 per common share, representing an approximate increase of 5% over the prior quarterly dividend. "Sustained operational improvements across our asset base, the continued realization of free funds flow improvements as well as meaningful share buybacks have driven stronger free funds flow per share," said Rich Kruger, Suncor President and Chief Executive Officer. "The Board of Directors' confidence in improving operating performance and the strengthening of our financial position supports increasin
Calgary, Alberta--(Newsfile Corp. - October 22, 2024) - Suncor Energy (TSX:SU) (NYSE:SU) will release its third quarter financial results on November 12, 2024 before 5:00 p.m. MT (7:00 p.m. ET).A webcast to review the third quarter will be held on November 13, 2024 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Rich Kruger, President and Chief Executive Officer and Kris Smith, Chief Financial Officer. A question and answer period with analysts will follow brief remarks from management. Troy Little, Senior Vice President, External Affairs will host the call.To listen to the webcast, please join here.If you are an analyst and would like to participate in the Q&A period, please
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), 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. - August 6, 2024) - Suncor Energy's (TSX:SU) (NYSE:SU) Board of Directors has approved a quarterly dividend of $0.545 per share on its common shares, payable September 25, 2024 to shareholders of record at the close of business on September 4, 2024.Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the U.S.; and the company's Petro-CanadaTM retail and wholesale distribution networks (including Canada's Electric HighwayTM, a coast-to-coast network of fast-charging EV stat
Calgary, Alberta--(Newsfile Corp. - July 23, 2024) - Suncor (TSX:SU) (NYSE:SU) will release its second quarter financial results on August 6, 2024 before 5:00 p.m. MT (7:00 p.m. ET).A webcast to review the second quarter will be held on August 7, 2024 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Rich Kruger, President and Chief Executive Officer and Kris Smith, Chief Financial Officer. A question and answer period with analysts will follow brief remarks from management. Troy Little, Vice President, Investor Relations will host the call.To listen to the webcast, please join here.If you are an analyst and would like to participate in the Q&A period, please register here.Sunc
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), 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 7, 2024) - Suncor Energy's (TSX:SU) (NYSE:SU) Board of Directors has approved a quarterly dividend of $0.545 per share on its common shares, payable June 25, 2024 to shareholders of record at the close of business on June 4, 2024.Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the U.S.; and the company's Petro-CanadaTM retail and wholesale distribution networks (including Canada's Electric HighwayTM, a coast-to-coast network of fast-charging EV stations). Suncor
Calgary, Alberta--(Newsfile Corp. - April 30, 2024) - Suncor (TSX:SU) (NYSE:SU) will release its first quarter financial results on May 7, 2024 before 5:00 p.m. MT (7:00 p.m. ET).A webcast to review the first quarter will be held on May 8, 2024 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Rich Kruger, President and Chief Executive Officer and Kris Smith, Chief Financial Officer. A question and answer period with analysts will follow brief remarks from management. Troy Little, Vice President, Investor Relations will host the call.To listen to the webcast, please join here.If you are an analyst and would like to participate in the Q&A period, please register here.Annual Gene
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), 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
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Salesforce, Inc. (NYSE:CRM) has been a huge winner and recommended holding the stock. “It does have trouble getting traction,” he added. Salesforce reportedly cut around 300 roles to streamline operations, highlighting the tech industry's ongoing focus on cost control. ADMA Biologics, Inc. (NASDAQ:ADMA) has been a rocket, Cramer said. “If I were you, I would take some off the table.” On May 9, ADMA Biologics reported better-than-expected first-quarter financial results and issued strong FY24 and FY25 revenue guidance. When asked about Ouster, Inc. (NYSE:OUST), he said, “I would actually take some off the table. It's another p
Wolfe Research analyst Doug Leggate reinstates Suncor Energy (NYSE:SU) with a Outperform.
Scotiabank analyst Jason Bouvier maintains Suncor Energy (NYSE:SU) with a Sector Perform and lowers the price target from C$61 to C$60.
Suncor Energy Inc. (NYSE:SU) reportedly temporarily shut down its 215,000 barrel-per-day Firebag oil sands site in northern Alberta. The company also reduced some production as a precautionary measure due to a wildfire approximately eight kilometers (five miles) away, reported Reuters. Suncor Energy noted that it was retaining only essential personnel at the facility, located approximately 100 kilometers northeast of Fort McMurray, the oil sands hub. According to the report, the company emphasizes that there was no risk to its other operations or the Firebag airport. There are currently over 60 fires scattered across Alberta, with authorities assessing the danger in the northern
RBC Capital analyst Greg Pardy reiterates Suncor Energy (TSX:SU) with a Outperform and maintains C$65 price target.
Goldman Sachs analyst Neil Mehta maintains Suncor Energy (NYSE:SU) with a Buy and raises the price target from $38 to $45.
Goldman Sachs analyst Neil Mehta maintains Suncor Energy (NYSE:SU) with a Buy and raises the price target from $38 to $45.