Suncor Energy Inc. (NYSE:SU) Q2 2024 Earnings Conference Call August 7, 2024 9:30 AM ET

Corporate Participants

Troy Little - Vice President, Investor Relations
Richard Kruger - President and Chief Executive Officer
Kristopher Smith - Chief Financial Officer
Peter Zebedee - EVP, Oil Sands
Shelley Powell - SVP, Operational Improvement & Support Services

Conference Call Participants

Greg Pardy - RBC Capital Markets
Dennis Fong - CIBC
Neil Mehta - Goldman Sachs
Manav Gupta - UBS
Roger Read - Wells Fargo Securities
Menno Hulshof - TD Cowen

Operator

Good day and welcome to the Suncor Energy Second Quarter 2024 Financial Results Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker, Suncor Energy's Vice President, Mr. Troy Little. Mr. Little, the floor is yours.

Troy Little

Thank you, Operator, and good morning. Welcome to Suncor Energy's second quarter earnings call. Please note that today's comments contain forward-looking information.

Actual results may differ materially from the expected results because of various risk factors and assumptions that are described in our second quarter earnings release, as well as in our current annual information form, both of which are available on SEDAR, EDGAR, and our website, suncor.com. Certain financial measures referred to in these comments are not prescribed by Canadian generally accepted accounting principles. For a description of these financial measures, please see our second quarter earnings release.

We will start with comments from Rich Kruger, President and Chief Executive Officer, followed by Kris Smith, Suncor's Chief Financial Officer. Also on the call are Peter Zebedee, Executive Vice President, Oil Sands, and Shelley Powell, Senior Vice President, Operational Improvement and Support Services. Following the formal remarks, we'll open up the call to questions.

Now, I'll hand it over to Rich to share his comments.

Richard Kruger

Thanks, Troy. Good morning. Following a strong first quarter, our second quarter was about execution and momentum. Execution of major turnaround activities and momentum in targeted improvement areas. Kris will detail the quarter here in a few moments, but I'll start with some color commentary, beginning with a recap of our May 21 Investor Day. May 21 was about unveiling today's Suncor and its ambitions, a company committed to consistently deliver high performance.

May 21 was also about backing up our words with a growing list of proof points to build trust and credibility. Trust in our company and credibility in our management. In terms of key messages, I'll highlight three.