All financial figures are in canadian dollars, unless noted otherwise calgary, alberta--(newsfile corp. - december 12, 2024) - suncor energy (tsx: su) (nyse: su) growth in upstream consistent with plan to add over 100,000 bbls/d between 2023 and 2026 increased refinery utilization reflecting stronger asset performance and market position lower oil sands costs driven by productivity improvements disciplined capital program with select high quality strategic investments financial performance aligned with may 2024 investor day commitments suncor energy released its 2025 corporate guidance today including growing annual upstream production to 810,000 to 840,000 bbls/d as well as increased annual refining utilization of 93% to 97%, both reflecting the sustainability of the higher performance achieved throughout 2024. suncor's upstream production increase is consistent with the plan presented at its investor day earlier this year and builds on the tangible improvements to free funds flow growth achieved in 2024, which are ahead of target.
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