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On the same day, TotalEnergies also sold its 50% stake in the Surmont asset to ConocoPhillips (NYSE:COP) for CAD 4 billion (~$3 billion), with potential additional payments of CAD 440 million (~$330 million) contingent on future conditions.
In comparison to other energy companies such as Cenovus Energy (NYSE:CVE), Suncor has faced different market dynamics. As of today, Suncor’s market cap stands at $59 billion, while Cenovus is valued at $52 billion. Suncor also carries a higher net debt of $14 billion compared to Cenovus’ $6.4 billion.
In terms of dividends, Suncor offers a yield of 4.5%, higher than Cenovus’ 2%. However, over the past years, both companies have shown different total returns. Over three and five years respectively, Suncor delivered returns of 186% and 9%, while Cenovus has provided shareholders with a total return of 338% and 138%.
This information provides an insight into the performance and strategic moves of these energy companies in recent times, highlighting the competitive landscape within the industry.
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