Suncor Energy produces 860,000 bbl/d in 2025

Mr. Rich Kruger reports SUNCOR ENERGY'S RECORD-BREAKING YEAR IN 2025 DELIVERS INVESTOR DAY COMMITMENTS ONE YEAR EARLY Suncor Energy Inc. has achieved its 2024 investor day performance targets, a year ahead of schedule. Record operational performance in both the fourth quarter and full year of 2025 supported early delivery of the three-year plan. Detailed financial and operating results will be shared on the company's fourth quarter earnings call on Feb. 4, 2026, and plans to continue to deliver shareholder value will be presented at its next investor day on March 31, 2026, in Toronto. Safety performance: Best-ever safety results for the third consecutive year, in both personnel and process safety; Lost-time and process safety events down by 70 per cent compared with 2022. Fourth quarter operational performance: Record upstream production of 909,000 barrels per day, up 34,000 bbl/d from the fourth quarter of 2024; Record upgrader utilization of 106 per cent, up 3 per cent from the fourth quarter of 2024; Record refining throughput of 504,000 bbl/d, up 18,000 bbl/d from the fourth quarter of 2024; Record refining utilization of 108 per cent up 4 per cent from the fourth quarter of 2024. Full-year operational performance: Record upstream production of 860,000 bbl/d, up 32,000 bbl/d from 2024; Record upgrader utilization of 99 per cent, up 1 per cent from 2024; Record refining throughput of 480,000 bbl/d, up 15,000 bbl/d from 2024; Record refining utilization of 103 per cent, up 3 per cent from 2024. 2024 investor day -- achieved or exceeded the three-year targets listed below one year early: Increase in normalized free funds flow of $3.3-billion per year; Reduction in corporate WTI (West Texas Intermediate) break-even of $10 (U.S.) per barrel; Increase in upstream production of greater than 100,000 bbl/d; Reduction in annual capital expenditure to $5.7-billion; Reduction in net debt to $8-billion, with 100 per cent of excess funds to shareholders thereafter. "We achieved our ambitious 2024 investor day three-year targets a full year ahead of schedule while setting new records in personnel and process safety, upstream production, and refining utilization. These results demonstrate the quality of our assets, the capability of our people and that today's Suncor delivers on its commitments. The results significantly improved our financial strength and resiliency and enabled us to return $11.5-billion to shareholders through dividends and share buybacks over the past two years," said Rich Kruger, president and chief executive officer. "Our 2026 investor day will detail how we plan to build on this momentum and continue to create superior value for our shareholders in the years ahead." About Suncor Energy Inc. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the company's Petro-Canada retail and wholesale distribution networks (including Canada's Electric Highway, a coast-to-coast network of fast-charging EV (electric vehicle) stations). Suncor is developing petroleum resources while advancing the transition to a lower-emissions future through investment in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. Suncor also conducts energy-trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor's common shares (symbol: SU) are listed on the Toronto Stock Exchange and the New York Stock Exchange. We seek Safe Harbor.