Suncor Energy ( (SU) ) has released its Q4 earnings. Here is a breakdown of the information Suncor Energy presented to its investors.
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Suncor Energy, a leading integrated energy company based in Canada, is known for its involvement in oil sands development, offshore oil production, petroleum refining, and retail fuel distribution, while also focusing on transitioning to lower-emission energy solutions. In its latest earnings report for the fourth quarter of 2024, Suncor Energy reported robust financial performance and record operational metrics, culminating an exceptional year. The company generated $3.5 billion in adjusted funds from operations and $1.9 billion in free funds flow, with significant returns to shareholders through dividends and share repurchases. Additionally, Suncor achieved record upstream production of 875,000 barrels per day and notable refinery utilization rates. Despite a decrease in net earnings compared to the previous year, Suncor’s adjusted operating earnings remained strong, supported by increased sales volumes and strategic investments such as a new cogeneration facility. As Suncor Energy looks forward to 2025, the company aims to maintain high performance levels, focusing on reliable and cost-effective operations to achieve its growth targets and maximize shareholder value.
