The Globe and Mail reports in its Wednesday edition that Suncor is aiming to boost oil production by 100,000 barrels a day to nearly one million by 2028, the latest in a series of lofty goals set by chief executive officer Rich Kruger. The Globe's Emma Graney writes that Suncor's new three-year targets, released Tuesday, follow a record-breaking year of production in 2025. It produced 860,000 barrels a day last year -- 33,000 more than in 2024 -- but Mr. Kruger says the company is far from done. "We put out an ambitious three-year plan in 2024, and we achieved each and all of the objectives in it in two years," Mr. Kruger told The Globe. By 2028, Suncor aims to increase free cash flow by $2-billion, reduce the break-even cost of a barrel by $5 (U.S.) to $38 (U.S.), and boost the capacity of Suncor's refining network by 10 per cent to 511,000 barrels a day. "It's "like walking into a Costco warehouse. We have a lot of opportunities," Mr. Kruger said. Skeptics might question whether Suncor can continue the rapid period of growth it has seen over the past three years. But Mr. Kruger said he has never led a company with a toolkit like Suncor's, given its well-connected oil fields and their close integration to upgraders.
© 2026 Canjex Publishing Ltd. All rights reserved.