Suncor Energy Inc.

SU

CA8672241079

Integrated Oil & Gas

Market Closed - Toronto S.E. Other stock markets 04:15:40 2024-07-12 pm EDT			5-day change	1st Jan Change
52.18 ^CAD	+0.15%		+1.36%	+22.92%

Jul. 12	UBS Details Crowding & Positioning Report for Oil Sands Companies	MT
Jul. 09	Cenovus demobilizes some Sunrise oil sands staff due to wildfire	RE

Suncor Energy Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

January 14, 2024

Suncor Energy Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was CAD 13,589 million compared to CAD 14,754 million a year ago. Revenue was CAD 14,138 million compared to CAD 13,855 million a year ago.

Net income was CAD 2,820 million compared to CAD 2,741 million a year ago. Basic earnings per share from continuing operations was CAD 2.18 compared to CAD 2.03 a year ago. Diluted earnings per share from continuing operations was CAD 2.18 compared to CAD 2.03 a year ago.

Latest news about Suncor Energy Inc.

UBS Details Crowding & Positioning Report for Oil Sands Companies	Jul. 12	MT
Cenovus demobilizes some Sunrise oil sands staff due to wildfire	Jul. 08	RE
Uncontrolled Alberta wildfire continues to blaze near Suncor oil sands site	Jul. 05	RE
Suncor Reduces Output from the 235,000 BPD Firebag Project Due to Wildfire Risk	Jul. 05	MT
Resource shares help lift TSX to near 5-week high	Jul. 04	RE
Suncor oil sands site shut because of nearby wildfire, Alberta minister says	Jul. 04	RE
Suncor oil sands site shut because of nearby wildfire, Alberta minister says	Jul. 04	RE
Suncor Energy Maintains "Outperform" Rating, $65 Price Target at RBC Capital Markets	Jul. 03	MT
Canada oil sands group removes online content over federal anti-greenwashing rules	Jun. 20	RE
Crude quality issues on TMX pipe may hamper flows from Canada to US West Coast refiners	Jun. 12	RE
Crude quality issues on TMX pipe may hamper flows from Canada to US West Coast refiners	Jun. 12	RE
TSX Closer: The Market Posts a Strong Start to the Weak as With Oil and Tech Issues Leading Charge Higher	Jun. 10	MT
Canada's oil sands CEOs push back against proposed oil and gas emissions cap	Jun. 06	RE
CEO of Canada's Suncor says he support price on carbon	Jun. 06	RE
Sector Update: Energy Stocks Edge Up Late Wednesday Afternoon	Jun. 05	MT
Sector Update: Energy Stocks Ease in Wednesday Afternoon Trading	Jun. 05	MT
Sector Update: Energy	Jun. 05	MT
Suncor Energy Given Notice of Intent to Sue by Environmental Groups Over Repeated Violations	Jun. 05	MT
Environmental groups to sue Canada's Suncor over Colorado refinery emissions	Jun. 05	RE
Canada to assess toxicity of compound found in oil sands tailings	May. 30	RE
Goldman Sachs Adjusts Price Target on Suncor Energy to $45 From $38, Maintains Buy Rating	May. 23	MT
Suncor Energy Maintained at Market Perform at BMO Following Business Update; Price Target Raised to C$62.00	May. 22	MT
Suncor Energy Maintained at Hold at TPH Following Business Update; Price Target at C$55.00	May. 22	MT
TD Cowen Adjusts Price Target on Suncor Energy to CA$57 From CA$52, Maintains Hold Rating	May. 22	MT
Suncor Energy's Price Target Lifted to $79 from $75 by National Bank of Canada	May. 22	MT

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Company Profile

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canadaâs Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.

Sector

Integrated Oil & Gas

Calendar

2024-07-23 - Q2 2024 Earnings Release (Projected)

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Ratings for Suncor Energy Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

52.18 CAD

Average target price

60.34 CAD

Spread / Average Target

+15.64%

Consensus

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Sector Integrated Oil & Gas

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Integrated Oil & Gas