Suncor Energy, Inc. (SU)

The company now

Suncor Energy said on 4 October 2026 that it agreed to sell its offshore interests in Terra Nova (48%), White Rose (40%) and West White Rose (38.6%) to Ithaca Energy 2. The price is $1.2 billion in cash, plus up to $350 million more tied to future oil prices 2. Ithaca would also take on future liabilities, including $1.4 billion of estimated abandonment and lease obligations, and the deal is expected to close in early 2027 2.

On the same day the company raised its monthly share repurchases from $500 million to $750 million beginning in October 2. Chief executive Rich Kruger said the 2026 Investor Day commitments, a $2 billion rise in normalized free funds flow and a US$5 a barrel lower breakeven through 2028, are unchanged 2. All dollar figures are Canadian unless marked US 2.

The second quarter matched the company's quarterly record for cash from operations 1. Adjusted funds from operations, the cash the business produces before changes in working capital, were $5.329 billion, and free funds flow, that cash less capital spending, was $3.98 billion 1. Record second-quarter refining throughput of 470,600 barrels a day helped 1.

Third-quarter results are due on 3 November 2026, with a webcast on 4 November 4. Leadership is changing too: Rich Kruger is to become Executive Vice Chair in April 2027 3. Peter Zebedee, set to be named President and Chief Financial Officer on 14 September 2026, is to become chief executive then 3.

The open question is the Supreme Court's ruling in the Boulder climate case, which it heard on 5 October 2026 10.

As of Oct 30, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.