Suncor Energy (SU) Stock

SU has exceeded its production goals, but it may have encountered challenges in making a profit because of changes in the market during the fourth quarter of 2024.

For example, the average yield of stocks in the S&P 500 is only 1.3%. This means you would need to invest about $77,000 in these stocks to earn around $1,000 in dividends in a year. The positive side is that there are good quality stocks available that offer yields more than double that amount, and they are not high-risk or costly investments.

Calgary, Alberta--(Newsfile Corp. - January 22, 2025) - Suncor Energy (TSX: SU) (NYSE: SU) is set to announce its financial results for the fourth quarter on February 5, 2025, prior to 5:00 p.m. MT (7:00 p.m. ET).

Suncor Energy (SU) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.

Suncor Energy Inc. is a Canadian energy company worth $50 billion, known for its dependable assets that have a low decline rate, which guarantees many years of reserves. For 2024, the company has budgeted $6.4 billion for capital spending, aiming to produce 790,000 barrels per day with a refinery utilization rate of 94%. Thanks to its low operating costs and little need for maintenance, Suncor generates strong cash flow and delivers great returns to its shareholders.

In 2024, SU achieved record-breaking oil production and refining output, paving the way for improved results in 2025.

Calgary, Alberta--(Newsfile Corp. - January 6, 2025) - Suncor (TSX: SU) (NYSE: SU) has released an update on its operational performance for the fourth quarter and the entire year of 2024. The company achieved record production levels in both upstream and downstream sectors, with significant increases in quarterly and annual output. Rich Kruger, President and CEO, attributed this success to a strong focus on safety, operational reliability, and the commitment of their workforce.

SU has a strong history and makes smart investments that draw in investors. However, its high value and reliance on oil prices create some worries.

Suncor Energy's results for the third quarter of 2024 were better than anticipated, showing net earnings of CAD 2.02 billion due to effective operations and steady oil prices. The company raised its quarterly dividend to CAD 0.57 per share, highlighting its focus on providing value to shareholders and maintaining financial stability. With better valuation ratios, Suncor is seen as a good investment opportunity in the energy sector, offering a strong dividend yield.