Suncor Bulks Up Shareholder Returns Plan

摘要

Oil sands giant Suncor is doubling its dividend back to pre-pandemic levels as it accelerates its shareholder returns strategy with crude prices at their highest point in years. CEO Mark Little told analysts on Suncor’s third-quarter earnings call Thursday that the dividend raise is “sustainable” even if crude prices were to fall back to US$55 per barrel. West Texas Intermediate crude on Thursday closed just below US$83/bbl.