Suncor Energy Inc. ‘s fourth-quarter results missed expectations, and it cut its outlook for production this year due to lower projected output overseas even as its oil-sands production hit a record high. Canada’s biggest oil and gas company by market capitalization also announced some shareholder-friendly moves, including a 15% increase in its quarterly dividend and an expanded share buyback. Suncor had fourth-quarter net income of 443 million Canadian dollars ($399 million), or 30 Canadian cents a share, compared with a loss of C$574 million, or 38 Canadian cents, a year earlier. Year-earlier results included an impairment charge of close to C$1.5 billion related to its Voyageur upgrader project in Alberta. The latest results included C$340 million in impairment charges and other items, mostly related to Suncor’s operational limbo in Libya and Syria. Operating earnings slipped 1.5% to C$973 million, or 66 Canadian cents a share, in the fourth […]