Suncor Energy Announces 2024 Corporate Guidance All financial figures are in Canadian dollars, unless noted otherwise
- Upstream production of 770,000 - 810,000 barrels per day, approximately 7% higher than 2023
- Refining capacity utilization strong at an expected 92% to 96%
- Fort Hills three-year improvement plan on target, with opportunities to further increase value
- Capital program to deliver shareholder value, pursuing investments to improve competitiveness
- Focus on continuing to reduce overall cost structure, increasing financial resiliency
Calgary, Alberta--(Newsfile Corp. - December 5, 2023) - Suncor Energy (TSX: SU) (NYSE: SU) released its 2024 corporate guidance today which includes annual upstream production of 770,000 - 810,000 barrels per day (bbls/d) and refining utilization of 92% to 96%. Suncor's production increase reflects continued strong existing asset performance, 100% ownership of Fort Hills, changes to the makeup of its Exploration & Production (E&P) portfolio, including the earlier sale of its U.K. North Sea assets, and a full year of production from Terra Nova.
Suncor Energy Announces 2024 Corporate Guidance (newsfilecorp.com)