Suncor Energy's CEO Rich Kruger confirmed that the company's 2025 capital budget range of C$6.1 billion to C$6.3 billion remains unchanged. This indicates stability in near-term investment plans.
The company has already planned for a structurally lower capital expenditure in 2026, targeting a range of C$5.7 billion. This reduction is described as a 'new norm' for capital spending, reflecting accelerated turnaround improvements and under-budget project execution.
Suncor stated it could further reduce its 2026 capital spending if low global oil prices persist. This demonstrates the company's financial flexibility and disciplined approach to capital allocation in response to market uncertainties.
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