On Thursday, December 12, 2025, Suncor Energy released its outlook for 2025. These prospects include growth in annual output from 810,000 to 840,000 bbl/d and an increase in the annual utilization rate of refineries from 93% to 97%

Suncor Energy forecasts an increase in oil and gas production and a reduction in spending in 2025 next year. The aim is to increase production from its oil sands assets while maintaining tight cost control. The Canadian company expects production to be between 810,000 and 840,000 barrels per day (bpd) next year, up from its estimate of 770,000 to 810,000 bpd for 2024. Also, Suncor forecasts a slight increase in refining volumes between 435,000 and 450,000 in 2025, expecting refinery utilization to be between 93% and 97%. Similarly, Canada's second-largest oil producer expects capital spending for 2025 to be between C$6.1 billion (C$4.31 billion) and C$6.3 billion, compared to the current year's forecast of C$6.3 billion to C$6.5 billion