All financial figures are in Canadian dollars, unless noted otherwise.

Calgary, Alberta--(Newsfile Corp. - March 31, 2026) - Suncor Energy (TSX:SU) (NYSE:SU) published its 2026 Investor Day presentation which outlines a new 3-year improvement plan. As a result, Suncor is increasing its annual share repurchases by over 20% to a revised projection of $4B for 2026.

Investor Day Highlights:

  • $2 billion increase in normalized free funds flow by 2028
  • US$5 per barrel reduction in corporate WTI breakeven to US$38 per barrel by 2028
  • 100,000 barrels per day of upstream production growth by 2028
  • 10% increase in refining network nameplate capacity to 511,000 barrels per day
  • 11 billion barrel increase to contingent resources, total of 30 billion barrels with no exploration risk
  • 400,000 barrels per day of future production capacity at an average cost of $30,000 per flowing barrel