All financial figures are in Canadian dollars. Suncor today announced it has reached an agreement to sell its wind and solar assets for $730 million to Canadian Utilities Limited, an ATCO company. As previously announced, Suncor is divesting its wind and solar assets to focus on areas of energy expansion, hydrogen and renewable fuels, that are more complementary to its core business as the company progresses to net-zero [...]
Suncor Energy Inc. today announced the expiration of the offers to purchase for cash any and all of the ten series of outstanding notes described below , and that it has amended the Offer to Purchase by increasing the Maximum Purchase Consideration from C$1.75 billion to C$3.6 billion. The Offers described herein were made on the terms and conditions set forth in the Offer to Purchase, dated September 26, 2022 and the [...]
Suncor Energy Inc. today announced the pricing of the offers to purchase for cash any and all of the ten series of outstanding notes described below , up to a maximum C$1,750,000,000 aggregate amount of Total Consideration , on the terms and conditions set forth in the Offer to Purchase, dated September 26, 2022 . The Offer to Purchase and the related Notice of Guaranteed Delivery can be accessed at the following website [...]
Suncor Energy Inc. today announced offers to purchase for cash any and all of the ten series of outstanding notes described below , up to a maximum C$1,750,000,000 aggregate amount of Total Consideration , on the terms and conditions set forth in the Offer to Purchase dated September 26, 2022 . The Offer to Purchase and the related Notice of Guaranteed Delivery can be accessed at the following website [...]
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars , and have been prepared in accordance with International Financial Reporting Standards , specifically International Accounting Standard 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working-interest basis, before royalties, except for production [...]
Suncor Energy's Board of Directors has approved a quarterly dividend of $0.47 per share on its common shares, payable Sept 26, 2022 to shareholders of record at the close of business on Sept 2, 2022. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S., and the company's Petro-Canada [...]
Suncor will release its second quarter financial results on August 4, 2022 before 8:00 p.m. MT . A webcast to review the second quarter will be held on August 5, 2022 at 7:30 a.m. MT . Representing management will be Kris Smith, interim president and chief executive officer and Alister Cowan, chief financial officer. A question and answer period with analysts will follow brief remarks from management. Trevor Bell, vice [...]
Three new independent directors join the Board, two of whom will serve on the CEO search committee New Board committee to conduct a strategic review of downstream retail business Suncor today announced that it has entered into an agreement with Elliott Investment Management L.P. , pursuant to which Suncor's Board of Directors will appoint three new independent directors, two of whom will serve on the CEO search committee [...]
Mark Little to step down, effective immediately Kris Smith appointed Interim CEO Board begins global search for next CEO Suncor 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 [...]
To focus on response and caring for our people, Oil Sands Operations Presentation postponed Suncor regretfully reports that a contractor worker was fatally injured this morning at our Base Plant site north of Fort McMurray, Alberta. Suncor Emergency Services responded to an incident at a shovel maintenance pad in the mine early this morning where a Komatsu employee was pronounced deceased at the scene. "This is an [...]
Suncor will hold an Oil Sands Operations presentation on July 13, 2022 from 7:00 a.m. to 10:00 a.m. MT . The presentation will focus on the company's oil sands operations and providing updates on production and operational actions and plans to ensure safe and reliable performance, with presenters: Mark Little, president and chief executive officer Peter Zebedee, executive vice president, Mining & Upgrading Shelley Powell [...]
All financial figures are in Canadian dollars Suncor released its 2022 Report on Sustainability and Climate Report today. The reports highlight how Suncor is working to achieve exceptional environmental, social and governance performance, and share Suncor's actions on sustainable energy development, emphasizing the progress made to accelerate GHG reductions to reach net-zero by 2050 while increasing shareholder returns [...]
