Suncor Energy Inc. says it has decided to keep its Petro-Canada retail business after a comprehensive review that included what it would mean to sell the operations.
it has decided to keep its Petro-Canada retail business after a comprehensive review that included what it would mean to sell the operations.
The company says instead it will look to improve its retail operations including expanding strategic partnerships in non-fuel related businesses such as quick service restaurants, convenience stores, loyalty partnerships and energy transition offerings. Suncor undertook a review of Petro-Canada after reaching a deal with activist investor Elliott Investment Management LP, which had expressed frustration with the company's performance.
The process included an analysis of the business, including an assessment of the value of Suncor's integrated model, studies of the future of retail in Canada and Petro-Canada's growth plans.Suncor chair Mike Wilson says the company's board concluded that keeping and optimizing the retail business will generate the highest long-term value for shareholders.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Suncor to retain its Petro-Canada retail business after reviewSuncor says instead it will look to improve its retail operations including expanding strategic partnerships in non-fuel related businesses
اقرأ أكثر »
Suncor opts to keep its Petro-Canada gas stations in rebuff to activist investorSuncor says it will \u0022improve and optimize\u0022 Petro\u002DCanada so that retail will add more to its bottom line. Find out more.
اقرأ أكثر »
Opinion: Fate of Petro-Canada rests with Suncor’s need for speedSuncor has promised to reveal plans for the division, which analysts estimate could fetch up to $10-billion, at Tuesday’s session
اقرأ أكثر »
Canada vs. Croatia game: Canada eliminated from World Cup after 4-1 lossCanada won't need to wait another 36 years for an appearance at the men’s World Cup. As co-host in 2026, alongside the U.S. and Mexico, Canada automatically qualifies and gets another crack as the World Cup returns to its usual summer slot.
اقرأ أكثر »
Canada 1-2 Croatia: Live updates as Canada searching for next goalThe Canadian men’s national team are losing 2-1 in their FIFA World Cup match against Croatia on Sunday, a game where they must pick up at least one point or risk elimination. CTVNews.ca will follow the match live.
اقرأ أكثر »
Canada 1-3 Croatia: Live updates as Canada staring World Cup exit in the faceThe Canadian men’s national team are losing 3-1 in their FIFA World Cup match against Croatia on Sunday, a game where they must pick up at least one point or risk elimination. CTVNews.ca will follow the match live.
اقرأ أكثر »