Canadian energy major Suncor Energy (SU) has unveiled a comprehensive business update, underscoring its commitment to shareholder value through accelerated stock buybacks and strategic debt reduction. This move has bolstered investor confidence, reflected in a notable surge in the company's share price. The transformation, driven in part by activist investor Elliott Investment Management, signals a new chapter for Suncor as it aims to enhance efficiency and production. Share Buyback Boost & Debt Reduction I ...

Driving operating leverage Impact: $175M/yr cost savings SUNCOR ENERGY 7 Annual mobile maintenance spend | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-----------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2024 | | Business Update | | | | | | 1 Winning proposition Driving improvement – Upstream – Downstream – Corporate Maximizing returns Closing comments Agenda 2 3 4 Rich Kruger Chief Executive Officer 40+ years experience SUNC ...

Suncor Energy, Inc. (NYSE:SU) 2024 Business Update Call May 21, 2024 9:30 AM ET Company Participants Troy Little - VP, IR Rich Kruger - President, CEO & Director Peter Zebedee - EVP, Oil Sands Dave Oldreive - EVP, Downstream Kris Smith - CFO Shelley Powell - SVP, Operational Improvement & Support Services Conference Call Participants Dennis Fong - CIBC Capital Markets Greg Pardy - RBC Capital Markets Neil Mehta - Goldman Sachs Roger Read - Wells Fargo Securities Menno Hulshof - TD Cowen John Royall - JPMorg ...

Suncor Energy, Inc. (NYSE:SU) 2024 Business Update Call May 21, 2024 9:30 AM ET Company Participants Troy Little - VP, IR Rich Kruger - President, CEO & Director Peter Zebedee - EVP, Oil Sands Dave Oldreive - EVP, Downstream Kris Smith - CFO Shelley Powell - SVP, Operational Improvement & Support Services Conference Call Participants Dennis Fong - CIBC Capital Markets Greg Pardy - RBC Capital Markets Neil Mehta - Goldman Sachs Roger Read - Wells Fargo Securities Menno Hulshof - TD Cowen John Royall - JPMorg ...

All financial numbers in this article are in Canadian dollars unless noted otherwise. Oil and gas prices are always in US$. Introduction XtockImages 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 reported by the aforementioned Reuters article, it holds the world's third-largest bitumen reserves. This means producers do not need to be afraid to run out of high-quality reserves anytime soon. Most major Canadian producers ...

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 ...

Suncor Energy Inc. (NYSE:SU) Q4 2023 Earnings Conference Call February 22, 2024 9:30 AM ET Company Participants Troy Little - Vice President, Investor Relations Rich Kruger - President and Chief Executive Officer Kris Smith - Chief Financial Officer Peter Zebedee - Executive Vice President, Oil Sands Dave Oldreive - Executive Vice President, Downstream Shelley Powell - Senior Vice President, Operational Improvement & Support Services Conference Call Participants Greg Pardy - RBC Capital Markets Dennis Fong ...

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 ...