Suncor Energy, Inc. Stock News

Canada's integrated oil and gas producer ‌Suncor Energy surpassed analysts' expectations for third-quarter profit on Tuesday, as higher oil prices and strength in refinery margins helped offset lower production and throughput volumes.

How court will lean is unclear amid Suncor Energy and ExxonMobil's attempt to stop lawsuits at state level

The US Supreme Court is ​set on Monday to hear a bid by oil companies ExxonMobil and Suncor Energy to thwart a ‌lawsuit by officials in Boulder, Colorado, seeking monetary damages for harms caused by climate change, as the justices open a new nine-month term.

The company said the deal adds scale and diversification in an offshore operating environment similar to the U.K. Continental Shelf and materially enhances its production outlook.

Canada's Suncor Energy said on Sunday it had agreed to sell its interests ​in three offshore oil assets to London-based Ithaca ‌Energy for C$1.2 billion ($841.69 million) in upfront cash.

US Supreme Court Justice Samuel Alito will not ​participate in an upcoming case involving a bid ‌by oil companies to scuttle a lawsuit seeking to hold them liable for helping fuel climate change, a court official ​said on Monday.

The Canadian energy company said current President and CEO Rich Kruger will transition to the role of executive vice chair in April next year.