Suncor to Return All Excess Cash to Shareholders After Hitting Debt Target Early

Suncor to Return All Excess Cash to Shareholders After Hitting Debt Target Early
A Suncor Energy facility is seen in Sherwood Park, Alta., in a file photo. Reuters/Candace Elliott
The Canadian Press
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Efforts to streamline operations have helped Suncor Energy Inc. hit its debt target, triggering a commitment to pay out 100 per cent of excess funds to shareholders.

The oil and gas giant has been working to make efficiency improvements across its sprawling network as it shifts focus to incremental gains over pricey expansion projects.