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The consideration for the transaction is around $1.1 billion (CAD 1.47 billion) and has an effective date of April 1.

The acquisition adds 61,000 barrels per day of net bitumen production capacity and 675 million barrels of proved and probable reserves.

The acquisition adds 61,000 bpd of net bitumen production capacity and 675 MMbbl of proved and probable reserves to Suncor's existing oil sands portfolio.

TotalEnergies is exiting the Canadian oil sands with the closing of its 50% interest in the Surmont oil sands sale to ConocoPhillips and the divestment of its remaining upstream Canadian assets to Suncor Energy.

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Suncor Energy announced today that it has agreed to purchase TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project for $1.468 billion. The...

Inside the Market’s roundup of some of today’s key analyst actions

Suncor Energy We broke new ground when we first began publicly reporting our sustainability performance in the mid-1990s. Twenty-eight years later, our Report on Sustainability and its companion publication, the Climate Report, continue the practice... - Veroeffentlicht am 18.09.2023

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian

The acquisition is for cash consideration of C$5.5 billion (U.S, $4.04 billion), with the potential for additional payments of up to an aggregate maximum of C$600 million ($440.62 million).