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Suncor Energy Inc (SU.TO)

SU.TO on Toronto Stock Exchange

43.00CAD
23 Jan 2020
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Latest Key Developments (Source: Significant Developments)

Suncor Energy Announces 2020 Capital Program And Production Outlook
Tuesday, 3 Dec 2019 

Dec 2 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY ANNOUNCES 2020 CAPITAL PROGRAM AND PRODUCTION OUTLOOK.SUNCOR ENERGY INC - 2020 CAPITAL PROGRAM IS EXPECTED TO BE BETWEEN $5.4 AND $6.0 BILLION WITH FLAT INVESTMENT IN OIL RELATED PROJECTS YEAR OVER YEAR.SUNCOR ENERGY INC - UPSTREAM PRODUCTION IS EXPECTED TO BE BETWEEN 800,000 TO 840,000 BARRELS OF OIL EQUIVALENT/DAY FOR 2020.SUNCOR ENERGY - OIL PRODUCTION IS EXPECTED TO INCREASE BY 5% FOR 2020.SUNCOR - CAPITAL FOR PREVIOUSLY SANCTIONED E&P STEP-OUT DEVELOPMENTS WILL INCREASE TO $1.1 BILLION IN 2020, INCLUSIVE OF TERRA NOVA ASSET LIFE EXTENSION.SUNCOR ENERGY- FORT HILLS & SYNCRUDE PRODUCTION REMAIN ADVERSELY IMPACTED DUE TO CONTINUED DISPROPORTIONATE EFFECT OF ALBERTA'S PRODUCTION CURTAILMENT.  Full Article

Suncor Energy Declares Dividend, Announces Increase To Share Repurchase Program
Thursday, 14 Nov 2019 

Nov 13 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY DECLARES DIVIDEND AND ANNOUNCES INCREASE TO SHARE REPURCHASE PROGRAM.SUNCOR ENERGY INC - APPROVED AN INCREASE TO COMPANY'S CURRENT SHARE REPURCHASE PROGRAM OF AN ADDITIONAL $500 MILLION.SUNCOR ENERGY INC - EXPECTS TO REPURCHASE BETWEEN $2.0 AND $2.5 BILLION OF COMMON SHARES BY END OF FEBRUARY 2020.SUNCOR ENERGY INC - CURRENT SHARE REPURCHASE PROGRAM OF AN ADDITIONAL $500 MILLION INCREASING PROGRAM FROM $2.0 BILLION TO $2.5 BILLION.SUNCOR ENERGY INC - APPROVED A QUARTERLY DIVIDEND OF $0.42 PER SHARE ON ITS COMMON SHARES.  Full Article

Suncor Energy Inc Announces A Multi-Year Strategic Alliance With Microsoft Canada
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - Microsoft Corp ::SUNCOR ENERGY INC - ANNOUNCED A MULTI-YEAR STRATEGIC ALLIANCE WITH MICROSOFT CANADA.  Full Article

Suncor Energy Posts Q3 FFO/Shr Of C$1.72
Thursday, 31 Oct 2019 

Oct 30 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY REPORTS THIRD QUARTER 2019 RESULTS.Q3 FFO PER SHARE C$1.72.OPERATING EARNINGS WERE $1.114 BILLION ($0.72 PER COMMON SHARE) IN THE THIRD QUARTER OF 2019.NET EARNINGS WERE $1.035 BILLION ($0.67 PER COMMON SHARE) IN THE THIRD QUARTER OF 2019.TOTAL OIL SANDS PRODUCTION DURING Q3 OF 2019 INCREASED TO 670,000 BARRELS PER DAY (BBLS/D), FROM 651,700 BBLS/D IN PRIOR YEAR QUARTER.SUNCOR ENERGY- OIL SANDS OPERATIONS PRODUCTION WAS 422,200 BBLS/D IN THIRD QUARTER OF 2019, COMPARED TO 476,100 BBLS/D IN THE PRIOR YEAR QUARTER.SUNCOR ENERGY- SUNCOR’S SHARE OF SYNCRUDE PRODUCTION WAS 162,300 BBLS/D IN Q3 OF 2019, COMPARED TO 106,200 BBLS/D IN THE PRIOR YEAR QUARTER.SUNCOR ENERGY- PRODUCTION VOLUMES AT E&P WERE 92,300 BOE/D IN THE THIRD QUARTER OF 2019, COMPARED TO 92,100 BOE/D IN THE PRIOR YEAR QUARTER.TOTAL UPSTREAM PRODUCTION WAS 762,300 BOE/D IN Q3, COMPARED TO 743,800 BOE/D IN THE PRIOR YEAR QUARTER.SEES 2019 TOTAL PRODUCTION OUTLOOK RANGE HAS BEEN UPDATED FROM 780,000 - 820,000 BOE/D TO 780,000 - 790,000 BOE/D.SUNCOR ENERGY- OIL SANDS OPERATIONS PRODUCTION OUTLOOK FOR 2019 HAS BEEN UPDATED FROM 410,000 – 440,000 BBLS/D TO 410,000 – 425,000 BBLS/D.SUNCOR ENERGY- E&P PRODUCTION GUIDANCE FOR 2019 HAS BEEN UPDATED FROM 105,000 – 115,000 BOE/D TO 105,000 – 110,000 BOE/D.SUNCOR ENERGY- UPDATED ITS FULL YEAR BUSINESS ENVIRONMENT OUTLOOK ASSUMPTIONS FOR BRENT SULLOM VOE FROM US$66.00/BBL TO US$63.00/BBL.  Full Article

Suncor hopeful on deal with Alberta govt to boost oil production
Thursday, 25 Jul 2019 

July 25 (Reuters) - Suncor Energy Inc ::EXEC SAYS APPEARS ALBERTA OIL PRODUCTION CURTAILMENTS WILL REMAIN IN PLACE FOR THE REMAINDER OF 2019.CEO SAYS HOPEFUL ALBERTA GOVERNMENT WILL MAKE DECISION IN NEXT MONTH OR SO ON ALLOWING OIL PRODUCERS TO BOOST PRODUCTION AS LONG AS IT MOVES TO MARKET BY RAIL.CEO SAYS SHIPPERS COULD BRING 250,000-300,000 BPD OF EXTRA CRUDE-BY-RAIL CAPACITY ONLINE IF ALBERTA GOVERNMENT AGREES TO ALLOW INCREASED PRODUCTION AS LONG AS IT MOVES TO MARKET BY RAIL.  Full Article

Suncor Energy Reports Q2 FFO Per Share C$1.92
Thursday, 25 Jul 2019 

July 24 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY REPORTS SECOND QUARTER 2019 RESULTS.Q2 FFO PER SHARE C$1.92.FUNDS FROM OPERATIONS WERE $3.005 BILLION ($1.92 PER COMMON SHARE) IN Q2 OF 2019.NET EARNINGS WERE $2.729 BILLION ($1.74 PER COMMON SHARE) IN Q2 OF 2019.SUNCOR ENERGY- TOTAL UPSTREAM PRODUCTION WAS 803,900 BARRELS OF OIL EQUIVALENT PER DAY DURING Q2, COMPARED TO 661,700 BOE/D IN THE PRIOR YEAR QUARTER.SUNCOR ENERGY- OIL SANDS OPERATIONS PRODUCTION WAS 414,200 BBLS/D IN THE SECOND QUARTER OF 2019, COMPARED TO 358,900 BBLS/D IN THE PRIOR YEAR QUARTER.QTRLY OPERATING EARNINGS WERE $1.253 BILLION ($0.80 PER COMMON SHARE).SUNCOR ENERGY- SUNCOR’S SHARE OF SYNCRUDE PRODUCTION WAS 188,700 BBLS/D IN SECOND QUARTER OF 2019, COMPARED TO 117,800 BBLS/D IN THE PRIOR YEAR QUARTER.SAYS SUNCOR HAS REVISED ITS FULL YEAR OUTLOOK RANGE FOR CAPITAL EXPENDITURES TO $4.9 BILLION – $5.4 BILLION.SUNCOR ENERGY- SUNCOR’S SHARE OF PRODUCTION FROM FORT HILLS AVERAGED 89,300 BBLS/D IN Q2 OF 2019 COMPARED TO 70,900 BBLS/D IN THE PRIOR YEAR QUARTER.SAYS FY SYNCRUDE CASH OPERATING COSTS PER BARREL HAVE BEEN INCREASED TO $36.50 – $39.50.Q2 EARNINGS PER SHARE VIEW C$0.87, REVENUE VIEW C$10.23 BILLION -- REFINITIV IBES DATA.ALL FIGURES IN C$.  Full Article

Suncor Energy Sets Quarterly Dividend Of C$0.42 Per Share
Thursday, 25 Jul 2019 

July 24 (Reuters) - Suncor Energy Inc ::SETS QUARTERLY DIVIDEND OF C$0.42PER SHARE.  Full Article

Suncor boosting synthetic crude production to record levels
Thursday, 2 May 2019 

May 2 (Reuters) - Suncor Energy Inc ::SAYS MAXIMISING HIGHER-VALUE SYNTHETIC CRUDE PRODUCTION AS A RESULT OF ALBERTA GOVERNMENT CURTAILMENTS.  Full Article

Suncor Energy Q1 FFO Per Share C$1.64
Thursday, 2 May 2019 

May 1 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY REPORTS FIRST QUARTER 2019 RESULTS.Q1 FFO PER SHARE C$1.64.QTRLY OPERATING EARNINGS PER SHARE $0.77.QTRLY TOTAL OIL SANDS PRODUCTION WAS 657,200 BARRELS PER DAY (BBLS/D), COMPARED TO 571,700 BBLS/D IN PRIOR YEAR QUARTER.SUNCOR ENERGY- EXCLUDING CAPITALIZED INTEREST, CO INVESTED $875 MILLION ON CAPITAL EXPENDITURES IN Q1 2019, DECREASE FROM $1.214 BILLION IN PRIOR YEAR QUARTER.TOTAL UPSTREAM PRODUCTION WAS 764,300 BOE/D DURING Q1, COMPARED TO 689,400 BOE/D IN THE PRIOR YEAR QUARTER.SUNCOR ENERGY - SHARE OF SYNCRUDE PRODUCTION WAS 182,200 BBLS/D IN THE FIRST QUARTER OF 2019, COMPARED TO 142,300 BBLS/D IN PRIOR YEAR QUARTER.Q1 EARNINGS PER SHARE VIEW C$0.53 -- REFINITIV IBES DATA.SUNCOR ENERGY - PRODUCTION VOLUMES AT E&P WERE 107,100 BOE/D IN THE FIRST QUARTER OF 2019, COMPARED TO 117,700 BOE/D IN THE PRIOR YEAR QUARTER.SUNCOR ENERGY - FOR FY WCS AT HARDISTY HAS BEEN UPDATED TO US$45.00 FROM US$33.00 ,NEW YORK HARBOR 3‑2‑1 CRACK UPDATED TO US$17.00 FROM US$18.50.  Full Article

Suncor Energy Sets Quarterly Dividend Of $0.42 per Share
Wednesday, 6 Feb 2019 

Feb 5 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY DECLARES INCREASED DIVIDEND AND ANNOUNCES ADDITIONAL STOCK BUYBACK PROGRAM.SETS QUARTERLY DIVIDEND OF $0.42PER SHARE.IN ADDITION, SUNCOR EXPECTS TO COMPLETE CURRENT $3 BILLION STOCK BUYBACK PROGRAM BY END OF FEBRUARY.NEW DIVIDEND REPRESENTS A 17% INCREASE OVER PRIOR QUARTER.BOARD OF DIRECTORS HAS APPROVED AN ADDITIONAL STOCK BUYBACK PROGRAM OF UP TO $2 BILLION.  Full Article

UPDATE 2-Canada regulator shuts down Suncor offshore oil site over failed pump

Dec 20 The oil regulator for the Atlantic Canadian province of Newfoundland and Labrador has ordered Suncor Energy's offshore Terra Nova site to shut down, finding the company's fire water pump system was non-compliant.