Suncor Energy Reports Voting Results from Annual General Meeting

Suncor (TSX: SU) (NYSE: SU) held its Annual General Meeting in Calgary today. A total of 907,152,053 shares (approximately 68.50% of outstanding common shares) were represented in person or by proxy.

Shareholders voted as follows on the matters before the meeting:

  1. Shareholders elected the following thirteen board members (twelve of whom are independent), with shares represented at the meeting voting in favour of individual directors as follows:
Ian R. Ashby99.83%
Patricia M. Bedient 99.02%
Russell K. Girling98.91%
Jean Paul Gladu99.16%
Dennis M. Houston 99.41%
Richard M. Kruger99.83%
Brian P. MacDonald98.63%
Lorraine Mitchelmore 94.19%
Daniel Romasko99.82%
Christopher R. Seasons99.84%
M. Jacqueline Sheppard 99.76%
Eira M. Thomas 98.09%
Michael M. Wilson 97.92%

 

  1. Shareholders appointed KPMG LLP as Suncor's auditors.
  1. Management's approach to executive compensation (say on pay) disclosed in Suncor's management proxy circular dated March 24, 2023 was approved with 96.42% of shares represented at the meeting voting in favour.
  1. The resolution requesting Suncor produce a report outlining how its capital expenditure plans align with its 2030 emission reductions target and its 2050 net zero target was denied with 82.29% of shares represented at the meeting voting against the proposal, in line with management's recommendation.

Note: the biographies of Board members and further details about Suncor's corporate governance practices are available at suncor.com.

An archive of the webcast of the meeting will be available for the next 90 days at suncor.com/webcasts.

Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development. production and upgrading, offshore oil and gas production, petroleum refining in Canada and the U.S. 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 stations. Suncor is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. Suncor also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor has been recognized for its performance and transparent reporting on the Dow Jones Sustainability index, FTSE4Good and CDP. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

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For more information about Suncor, visit our web site at suncor.com, follow us on Twitter @Suncor.

Media inquiries:
1-833-296-4570
media@suncor.com

Investor inquiries:
1-800-558-9071
invest@suncor.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/165464

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FINANCIAL RESULTS
Three Months Ended
 
March 31
($000s, except per share amounts)
 2025 

 2024 

 % Change  
 
 

 

 
Oil and natural gas sales
2,666

3,666

(27)
 
 

 

 
Cash flow from operating activities
981

3,256

(70)
Per share - basic and diluted (1)
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0.01

(100)
 
 

 

 
Adjusted funds flow (used) (1)
(1,440)
1,078

(234)
Per share - basic and diluted
(-)
-

(-)
 
 

 

 
Net loss
(3,617)
(1,201)
201
Per share - basic and diluted
(0.01)
(-)
100
 
 

 

 
Capital expenditures (1)
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1,263

1,935
 
 

 

 
Adjusted working capital (deficiency) (1)
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(138)
 
 

 

 
Common shares outstanding (000s)
 

 

 
Weighted average - basic and diluted
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529,196

-
 
 

 

 
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532,202

529,392

1
End of period - fully diluted
624,877

618,165

1​

 

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