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StockNews.com
Business
Anushka Dutta

Suncor Energy (SU) Pre-Earnings Outlook

SU Suncor Energy Suncor Energy Inc Oil

Calgary, Canada-based integrated energy company Suncor Energy Inc. (SU) is set to report its third-quarter results on November 8. The company has come under fire after a statement raised concerns that the company is backtracking from its climate pledges. However, the company has reiterated its net-zero emission goal by 2050.

Last month, SU announced it would acquire French energy company TotalEnergies SE’s (TTE) Canadian operations for C$1.47 billion ($1.07 billion). This is expected to bolster the company’s bitumen production capacity.

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