Suncor Energy (TSX:SU)(NYSE:SU) is a top oil and gas company in North America known for its profitability, generous dividend, and as a hedge against inflation. Despite potential fluctuations in oil prices, Suncor remains a solid investment option.
In the previous year, Suncor reported a profit of $8.3 billion on revenue of $52.2 billion. The company continues to perform well, with record-high production in the oil sands and increased sales of refined products. Suncor also returned $1 billion to investors through dividends and share repurchases.
Despite oil price fluctuations, Suncor has focused on improving operational efficiency and performance. With a dividend yield of 4% (more than double the S&P 500 average) and a low price-to-earnings ratio of nine, Suncor stock offers a compelling investment opportunity.
Suncor’s stock has seen a 25% increase this year and a 70% rise over the past three years, providing investors with total returns exceeding 90%. With its attractive valuation and strong dividend, Suncor is a promising stock for long-term investors.