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Suncor Energy earns $818 million in fourth quarter, upstream production rises

Summary by castanet.net

Suncor Energy Inc. says it earned $818 million in the fourth quarter of 2024, down from $2.82 billion a year earlier, as it saw upstream production rise. The Calgary-based oil giant says the earnings worked out to 65 cents per common share, down from $2.18 during the same quarter last year. Adjusted...

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Global News

Suncor earns $818M in 4th quarter, upstream production rises

Suncor says its upstream production for the quarter totalled approximately 875,000 barrels of oil equivalent per day.

17 days ago·Toronto, Canada

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castanet.net

+9 Reposted by 9 other sources

Suncor Energy earns $818 million in fourth quarter, upstream production rises

17 days ago·Kelowna, Canada

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themarketonline.ca

Suncor endures earnings decrease in Q4, but pumps more crude

Suncor Energy (TSX:SU) reported C$818 million earnings in Q4 2024, a significant decrease from C$2.82 billion in the same period last year Despite the drop in earnings, Suncor saw an increase in upstream production, reaching approximately 875,000 barrels of oil equivalent per day, up from 808,100 barrels per day in the prior year’s quarter. The company’s refinery crude throughput also rose to 486,200 barrels per day, with a refinery utilization …

17 days ago

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play1037.ca

Suncor Closes 2024 with Record Production and Strong Earnings

Suncor Energy Inc. closed out its 2024 fiscal year on a strong note, beating analysts’ expectations and setting operational records in Q4. The Calgary-based oil major posted $3.5 billion in adjusted funds from operations and generated $1.9 billion in free funds flow. The company returned $1.7 billion to shareholders through dividend payments of $700 million, and $1 billion in share buy-backs. Net earnings for the quarter came in at $828 million.…

17 days ago

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