Suncor Energy's record-breaking year in 2025 delivers Investor Day commitments one year early

Core Viewpoint - Suncor Energy achieved its 2024 Investor Day performance targets a year ahead of schedule, demonstrating strong operational performance and financial strength, with plans to continue delivering shareholder value in the future [1][3]. Operational Performance - Record upstream production of 909,000 barrels per day (bbls/day) in Q4 2025, an increase of 34,000 bbls/day from Q4 2024 [9]. - Record upgrader utilization reached 106%, up 3% from Q4 2024 [9]. - Record refining throughput of 504,000 bbls/day, an increase of 18,000 bbls/day from Q4 2024 [9]. - Record refining utilization of 108%, up 4% from Q4 2024 [9]. - Total bitumen production for FY 2025 was 994,000 bbls/day, exceeding guidance of 880,000 - 920,000 bbls/day [3]. Safety Performance - Achieved best-ever safety results for the third consecutive year, with lost time and process safety events down by 70% compared to 2022 [2][8]. Financial Highlights - Returned $11.5 billion to shareholders through dividends and share buybacks over the past two years [3]. - Increased normalized free funds flow by $3.3 billion per year [9]. - Reduced corporate WTI breakeven price by US$10 per barrel [9]. - Reduced annual capital expenditure to $5.7 billion and net debt to $8 billion, with plans to return 100% of excess funds to shareholders thereafter [9]. Future Plans - The next Investor Day is scheduled for March 31, 2026, in Toronto, where the company will outline plans to build on current momentum and continue creating shareholder value [1][8].