“From the reservoir to the gas station, we are optimizing margins through each link in the value chain. As commodity prices improve, the company plans to reduce debt in conjunction with a measured pace of increasing shareholder returns and economic investments. excluding the acquisition of De Fursac*** METHODOLOGY NOTE Unless otherwise indicated, amounts are expressed in millions of euros and rounded to the nearest million. CRA CERB Alternatives: 2 Must-Know Emergency Payouts, Forget Growth Stocks: Here’s How to Get Price Gains and Big Dividends, Aphria (TSX:APHA) Stock Plunges: Marijuana Industry in Trouble. "d": "CDN Crude Index" "width": "100%", ] }, de C.V., accounted for 3.3% share, while Mondelez International, Inc, and The Kellogg Company, held shares of 3% and 2.9%, respectively. The use of cash was primarily due to a decrease in accounts payable balances associated with lower operating costs and an increase in income taxes receivable balances due to tax losses incurred. In addition, the company has accelerated its tailings technology deployment timeline, which is expected to result in operating cost reductions and reclamation savings. We provide live feeds designed to help energy professionals, field personnel, business owners, and senior business leaders get the latest energy news and data, energy industry press releases and energy job and event listings. A key part of Suncor’s strategy for responding to the current market challenges will be to remain focused on creating maximum value from production, rather than being focused on volumes alone. "largeChartUrl": "http://energynow.ca/data/", In general, figures presented in this press release are rounded to the nearest full unit. Suncor Energy to release first quarter 2020 financial results and hold Annual General Meeting of shareholders. } A $24 billion Suncor Energy will report its third-quarter earnings later this month. In the first quarter of 2020, crude oil and refined product realizations declined significantly due to the decline in global commodity benchmarks and demand as a result of the COVID‑19 pandemic and OPEC+’s initial plan to … Bakery & cereals with health & wellness claims accounted for 25.6% of the overall global sector sales in 2019. Funds from Operations and Cash Flow Provided By Operating Activities. "symbols": [ Suncor’s first quarter 2020 operating loss was $309 million ($0.20 per common share), compared to operating earnings of $1.209 billion ($0.77 per common share) in the prior year quarter. References to Oil Sands operations exclude Suncor Energy Inc.’s interests in Fort Hills and Syncrude. In the second quarter of 2019, Suncor sold its 37% interest in Canbriam for total proceeds and an equivalent gain of $151 million ($139 million after-tax), which had previously been written down to nil in the fourth quarter of 2018 following the company’s assessment of forward natural gas prices and the impact on estimated future cash flows.
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