Suncor Energy Inc.
Q1 2022 Earnings Call
May 10, 2022, 9:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, and thank you for standing by. Welcome to the Suncor Energy first quarter 2022 results conference call. [Operator instructions] I would now like to hand the conference over to your host today, Mr. Trevor Bell, vice president of investor relations.
Please go ahead.
Trevor Bell -- Vice President, Investor Relations
Thank you, operator, and good morning. Welcome to Suncor's first quarter earnings call. With me this morning are Mark Little, president and chief executive officer; and Alister Cowan, chief financial officer. Please note that today's comments contain forward-looking information.
The actual results may differ materially from the expected results because of various risk factors and assumptions that are described in our first quarter earnings release as well as our current annual information form. Both of those are available on SEDAR, EDGAR and our website, suncor.com. Certain financial measures referred to in these comments are not prescribed by Canadian GAAP. For a description of these financial measures, please see our first quarter earnings release.
Following our formal remarks, we'll open up the call to questions. Now, I'll hand it over to Mark for his opening remarks.
Mark Little -- President and Chief Executive Officer
Great. Well, thanks, Trevor, and good morning and thank you for joining us. I concluded my remarks on our fourth quarter call by saying that Suncor is well positioned to deliver higher production and substantial free funds flow in 2022 with a clearly defined capital allocation framework that accelerate shareholder returns and debt reduction. I also reiterated my commitment to strengthen safety, reliability and operational excellence to improve Suncor's performance in a meaningful and sustainable way.
While we still have work to do, I'm pleased to report that we're making progress and that all parts of Suncor are shifting into high gear. Today's record financial results are due to our operating performance and strengthening market conditions. Before we go into the results, I would like to walk through the unique advantages of Suncor's physically integrated model in the current macro environment, which underpins our confidence in continuing to grow shareholder returns. In a time of global energy scarcity, our physically integrated model is in an enviable position.