May 3 (Reuters) - Suncor Energy Inc SU.TO :
* SUNCOR ENERGY REPORTS FIRST QUARTER 2021 RESULTS
* Q1 FFO PER SHARE C$1.39
* TOTAL UPSTREAM PRODUCTION INCREASED TO 785,900 BOE/D IN Q1 OF 2021, VERSUS 739,800 BOE/D IN PRIOR YEAR QUARTER
* SUNCOR'S NET EARNINGS WERE $821 MILLION ($0.54 PER COMMON SHARE) IN THE FIRST QUARTER OF 2021
* SUNCOR'S FIRST QUARTER 2021 OPERATING EARNINGS WERE $746 MILLION ($0.49 PER COMMON SHARE)
* IN THE FIRST QUARTER OF 2021, CO REDUCED TOTAL DEBT BY $1.1 BILLION AND REPURCHASED OVER $300 MILLION IN COMMON SHARES
* SUNCOR - UPDATED CORPORATE GUIDANCE FOR THE FULL-YEAR BUSINESS ENVIRONMENT OUTLOOK ASSUMPTIONS FOR BRENT SULLOM VOE FROM US$55.00/BBL TO US$63.00/BBL
* SUNCOR - AS A RESULT OF THE HIGHER FORECASTED BENCHMARK PRICES FIREBAG IS FORECASTED TO REACH POST-PAYOUT PHASE BEFORE THE END OF 2021