Suncor projects higher 2026 oil and gas output, trims budget

Core Viewpoint - Suncor Energy forecasts lower spending in 2026 while increasing oil and gas production, focusing on enhancing output from oil sands operations, controlling costs, and improving shareholder returns [1] Group 1: Financial Forecast - The company anticipates reduced capital expenditures in 2026 despite a rise in production levels [1] - Increased output from oil sands operations is expected to contribute to overall production growth [1] Group 2: Operational Strategy - Suncor is implementing cost-tightening measures to enhance operational efficiency [1] - The focus on boosting shareholder returns indicates a commitment to returning value to investors [1]