An anonymous director reports

SUNCOR ENERGY INCREASES SHAREHOLDER RETURNS, PUBLISHES 2026 INVESTOR DAY PRESENTATION; FILES CONTINGENT RESOURCES REPORT

Suncor Energy Inc. has published its 2026 investor day presentation, which outlines a new three-year improvement plan. As a result, Suncor is increasing its annual share repurchases by over 20 per cent to a revised projection of $4-billion for 2026.

Investor day highlights:

• $2-billion increase in normalized free funds flow by 2028;
• $5 (U.S.)-per-barrel reduction in corporate WTI (West Texas Intermediate) break-even to $38 (U.S.) per barrel by 2028;
• 100,000 barrels per day of upstream production growth by 2028;
• 10-per-cent increase in refining network nameplate capacity to 511,000 barrels per day;
• 11-billion-barrel increase to contingent resources, total of 30 billion barrels with no exploration risk;
• 400,000 barrels per day of future production capacity at an average cost of $30,000 per flowing barrel.

The presentation is being webcast live and will be available for future viewing on Suncor's website.

Additionally, Suncor Energy has filed a report disclosing its contingent resources, which can be found on Suncor's profile on SEDAR+ or EDGAR or on Suncor's website.

About Suncor Energy Inc.

Suncor's operations span the full energy value chain, including oil sands mining and in situ operations, upgrading, offshore production, petroleum refining in Canada and the U.S., marketing and trading, and nationwide Petro-Canada retail and wholesale networks -- delivering reliable energy that fuels economic growth and meets the needs of customers across Canada and globally. With an unwavering focus on safety, operational excellence and profitability, Suncor is committed to delivering industry-leading performance and long-term shareholder value. Suncor's common shares (symbol: SU) are listed on the Toronto Stock Exchange and New York Stock Exchange.

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