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 ...

财务数据和关键指标变化 - 第四季度,WTI 平均价格为 78 美元/桶,轻重原油价差扩大至约 22 美元/桶 [19] - 炼厂利润率指数为 33.45 美元/桶,较第三季度下降约 2.55 美元/桶 [20] - 公司第四季度实现调整后营运现金流 40 亿美元,每股 3.12 美元,调整后营业利润 16 亿美元,每股 1.26 美元 [20] - 公司在第四季度向股东分配了近 11 亿美元,包括 7.04 亿美元股息和 3.75 亿美元股票回购 [21] - 公司第四季度末净债务为 137 亿美元,主要由于完成收购 Total Energy Canada 的 15 亿加元交易 [21] 各条业务线数据和关键指标变化 - 上游业务第四季度产量为 80.8 万桶/日,创公司历史第二高 [22] - 油砂业务第四季度创下月度产量纪录,11 月为 87.5 万桶/日,12 月为 90.4 万桶/日 [22] - 油砂业务第四季度实现内部油砂转移约 4.5 万桶/日,体现了资产间的高度整合 [24] - 下游业务第四季度炼厂利用率达 98%,超过公司 5-2-2-1 指数 3% [25] - 下游业务第四季度利润率捕捉率达 103%,主要受益于柴油价差上涨 [25] 各个市场数据和关键指标变化 - 公司在第四季度完成了对 Fort Hills 剩余 46% 权益的收购,成为该资产的唯一所有者 [26] - 公司在第四季度确认了 8.8 亿加元的税收优惠,支持了该收购的经济性 [26] 公司战略和发展方向及行业竞争 - 公司正在推进"油砂净零排放联盟"碳捕集和储存项目,相关监管申请预计将于今年上半年提交 [27] - 公司 2024 年产量预计增长约 6%,主要来自 Fort Hills 产量提升和公司在该资产的权益增加 [28] - 公司 2024 年资本支出预算为 63-65 亿加元,包括 Fort Hills 矿山改善计划、Upgrader 1 焦化设备更换等关键投资 [31] 管理层对经营环境和未来前景的评论 - 公司管理层认为 2023 年整体表现良好,但也存在一些遗憾,如炼厂利用率未达预期,以及 Terra Nova 项目延迟等 [16] - 管理层表示 2024 年的重点是实现产量增长承诺、进一步提升采矿业务效率,以及优化大修计划执行 [34][35][42] - 管理层强调未来将更多关注油砂内部资产间的协同整合,以实现最优的价值创造 [143][144][147] 其他重要信息 - 公司在 2023 年实施了组织架构调整,精简了高层管理团队,并对非运营岗位进行了 20% 的裁员 [10][11] - 公司调整了员工绩效考核和年度激励机制,以更好地激励全员聚焦于安全、产量、成本等关键指标 [48][49] 问答环节重要的提问和回答 问题1 **Greg Pardy 提问** 您认为公司目前处于转型的哪个阶段,还需要采取哪些步骤来重拾领先地位? [55][56] **Rich Kruger 回答** 公司 2023 年经历了大量变革,但整体表现良好,显示出组织的韧性。进入 2024 年,公司已经建立了良好的基础,未来将继续聚焦于提升运营效率、降低成本,并保持高度的安全和可靠性,以创造更大的股东价值 [57][58] 问题2 **Doug Leggate 提问** 您此前提到的 5 美元/桶成本降低目标进展如何?[77][78] **Rich Kruger 回答** 公司已经实现了约 2-3 美元/桶的成本降低,主要来自于组织精简等举措。未来将继续通过采矿效率提升、大修计划优化等措施,力争实现 5 美元/桶的目标 [78][79] 问题3 **Menno Hulshof 提问** 您对公司长期单位营运成本的预期是否发生变化,尤其是油砂、Syncrude 和 Fort Hills 业务? [93][94] **Rich Kruger 和 Peter Zebedee 回答** 公司仍然目标将单位营运成本降低 5 美元/桶,主要通过采矿效率提升、维护可靠性等措施实现。具体包括采用更大型号更高效的矿卡、推进自动驾驶技术、优化维护策略等 [94][95][96][97][98][99][100]

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 ...