Is Suncor Energy (SU) One of the Best Canadian Stocks to Invest In According to Billionaires?

Suncor Energy Inc. (NYSE:SU) is one of the best Canadian stocks to invest in according to billionaires. On May 5, Suncor Energy reported strong results for FQ1 2026, generating over $4.0 billion in adjusted funds from operations and $2.9 billion in free funds flow. The company returned more than $1.5 billion to shareholders, consisting of $825 million in share repurchases and over $700 million in dividends. Management noted that these results were achieved while maintaining a disciplined capital spending program and a robust balance sheet.

The quarter was defined by record-setting operational performance, including upstream production of 875,000 barrels per day (bbls/d). Additionally, the company achieved its highest-ever Q1 refining throughput at 498,000 bbls/d and a record-breaking 681,000 bbls/d in refined product sales. These figures represent notable increases over the same period in the previous year.

Is Suncor Energy (SU) One of the Best Canadian Stocks to Invest In According to Billionaires?

CEO Rich Kruger attributed this success to the company’s focus on high-performance execution and meeting its strategic commitments. Building on this momentum, CFO Troy Little confirmed that the company has increased its monthly share repurchases for the second time in four months, underscoring Suncor Energy Inc.’s (NYSE:SU) dedication to generating sustainable returns for its shareholders.

Suncor Energy Inc. (NYSE:SU) is a Canada-based integrated energy company. Its operations are organized into Oil Sands, Exploration and Production, and Refining and Marketing segments.

While we acknowledge the risk and potential of SU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SU and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1