Suncor Energy reports record Q1 production and raises 2026 share repurchase plan by 30%.

Suncor Energy posted record first-quarter results in 2026, with upstream production hitting 875,000 barrels per day and refining throughput reaching 498,000 barrels per day. The company generated over C$4 billion in adjusted funds from operations and returned more than C$1.5 billion to shareholders through dividends and share buybacks. Suncor also increased its 2026 share repurchase plan by over 30%, targeting nearly C$4 billion. These strong results reflect operational efficiency and strategic growth, with plans to boost upstream production and refining capacity by 2028.