XtockImages All financial numbers in this article are in Canadian dollars unless noted otherwise. Oil and gas prices are always in US$. Introduction On May 12, I wrote an article titled "Cash Flow Gusher: How Cenovus Energy Can Shower You With Dividends." In that article, I discussed the increasing importance of Canadian oil and Cenovus Energy's (CVE) role in this. Essentially, there are two reasons why Canada's role in the global energy sector is essential: Canada has a lot of reserves. In fact, as ...

Company Participants Greg Pardy - RBC Capital Markets Roger Read - Wells Fargo Securities Manav Gupta - UBS Menno Hulshof - TD Cowen Patrick O'Rourke - ATB Capital Markets Dennis Fong - CIBC Capital Markets John Royall - JPMorgan Chase & Co. I would now like to hand the conference over to your speaker, Mr. Troy Little, Vice President of Investor Relations. You may begin, sir. Certain financial measures referred to in these comments are not prescribed by Canadian Generally Accepted Accounting Principles. For ...

Investor Information Disciplined investment and cost management 2 Upgrading capacity 556 mbpd FFF Q4 YTD $7.5B Strong balance sheet and industry leading cash returns1 AFFO SUNCOR ENERGY Long-life, competitively advantaged assets Deliver superior long-term shareholder value Net debt to AFFO Q4 2023 TTM 1.0x AFFO Q4 YTD $13.3B 1 See Slide Notes and Advisories $15 $0 (C$ billion) Strong balance sheet Investment grade credit rating SUNCOR ENERGY Disciplined capital allocation1 Calculating % available for share ...

Hills bitumen to the Base Plant, Firebag to it, we increasingly are looking at this basin as one large bitumen supply source. And whatÂ's the optimum way, the lowest cost, the greatest value way to do it? And what that does is it gives us flexibility, at each individual site where weÂ're optimizing the whole versus what would previously have been an optimizing of the site. So thatÂ's where the options at the Base Plant come in. Peter Zebedee Rich Kruger Dennis Fong Operator Doug Leggate Rich Kruger the pres ...

TABLE OF CONTENTS Exhibit 99.1 All financial figures are unaudited and presented in Canadian dollars unless noted otherwise. Production volumes are presented on a working-interest basis, before royalties, except for production volumes from Suncor Energy Inc.'s (Suncor or the company) Libya operations, which are presented on an economic basis. Certain financial measures in this document are not prescribed by Canadian generally accepted accounting principles (GAAP). For a description of these non-GAAP financi ...

Operator Sure. IÂ'll make a couple of comments, and then if Peter wants to add on to it. I think, 1 of the things, we now have such a concentration of assets in the mining world, things that sound fairly simple, but like fleet deployment. We have a higher percentage of smaller leased trucks at Fort Hills, and I described in my comments kind of the strategy of fewer bigger. So our ability to optimize things as simple as where heavy equipment goes is an opportunity for improvement. Okay, operator why donÂ't y ...

Published November 8, 2023 Innovation and responsible growth Market capitalization Q3 2023 $61B Refining capacity 466 mbpd 3 (C$ billion) $0 $5 $10 $15 $20 $65 $79 $95 AFFO ~$5/share TTM2 AFFO (less sustaining capital3 & dividends4) ~$6B Sustaining capital3 + dividend4 WTI ($USD) $ 1.1 $ 1.8 $ 4.1 $ 2.8 2026-30 2031-35 2036-40 2041-51 Manageable debt maturity profile6 (C$ billion – as of September 30, 2023) Additional short-term debt of $2.5B Annual AFFO Allocation Dividend3 Adjusted funds from operations S ...

FORM 6-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a - 16 or 15d - 16 of the Securities Exchange Act of 1934 For the month of: October, 2023 Commission File Number: 1-12384 SUNCOR ENERGY INC. (Name of registrant) 150 – 6th Avenue S.W. P.O. Box 2844 Calgary, Alberta Canada, T2P 3E3 Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ¨ Form 40-F x Indicate by check m ...

The next area IÂ'd like to talk about is above field costs. On June 1, we announced internally plans to reduce above field costs by $400 million a year. If you think of it on an overall corporate breakeven basis, that would equate to about $1.50 a barrel. Staffing will be reduced by 1,500 or 20% by the end of this year based on performance and business need. In the quarter, we took a onetime pretax charge of $275 million, about $210 million after tax. This would represent a 9-month payout. This is an intern ...

SUNCOR ENERGY Q1 2023 | --- | --- | --- | |----------------------------------------------------------------------------|---------------------------------------------------------|---------------------------------------------------------------------| | | | | | Physical integration | Operational excellence | Growing shareholder returns | | Regional Oil Sands scale & connectivity driving value | Safety above all else | Industry leading cash returns (2012-22) | | Industry best integrated Downstream | Maintain hi ...