Wednesday, 13 November 2024
Home Topics Business Suncor Energy earnings rise to $2.02 billion in third quarter
BusinessNewsOil

Suncor Energy earnings rise to $2.02 billion in third quarter

10
Suncor's base plant with upgraders in the oil sands in Fort McMurray Alta., on June 13, 2017. THE CANADIAN PRESS/Jason Frans
Suncor's base plant with upgraders in the oil sands in Fort McMurray Alta., on June 13, 2017. — THE CANADIAN PRESS/Jason Frans

CALGARY — Suncor Energy Inc. says it earned $2.02 billion in its third quarter, up from $1.54 billion a year earlier.

The Calgary-based oil giant says its earnings work out to $1.59 per common share, up from $1.19 during the same quarter last year.

Adjusted operating earnings were $1.88 billion, or $1.48 per common share, down from $1.98 billion or $1.52.

The company says the decrease in adjusted operating earnings was primarily due to lower realized crude oil prices and refined product realizations.

Suncor says its upstream production for the quarter totalled approximately 828,600 barrels of oil equivalent per day, up from approximately 690,500 barrels per day in the prior year’s quarter.

The company says its refinery crude throughput increased to 488,000 barrels per day and its refinery utilization was 105 per cent, compared with 463,200 barrels per day and 99 per cent in the prior year’s quarter.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:SU)

The Canadian Press

Related Articles

FILE PHOTO: U.S. Senator Republican Marco Rubio gives a speech at the Conservative Political Action Conference (CPAC) in Orlando, Florida, U.S. February 25, 2022. REUTERS/Octavio Jones/File Photo
BusinessOilPoliticsRegulations

Trump pick Rubio could harden oil sanctions on Iran, Venezuela

Trump’s appointment of Rubio as secretary of state signals stricter oil sanctions...

Tech ambitions include producing sustainable jet fuel out of the carbon dioxide in the air (AFP)
AnalysisBiofuelsBusinessElectric VehiclesElectricityEmissionsPoliticsSolarSustainable Aviation Fuel (SAF)Wind

Tech’s green wave hits choppy waters

Tech’s pursuit of sustainable energy solutions is captivating, but experts warn these...

FILE PHOTO: The logo of Equinor is set up at the entrance of a building at Western Europe's largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024. REUTERS/Lisi Niesner//File Photo
BusinessEmissionsEnvironmentIndigenousNatural GasOil

Equinor to report Greenpeace to police after protest at CEO’s home

Equinor will report the group after it protested at the home of...

FILE PHOTO: The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave/File Photo
BusinessInfrastructureNatural GasOilTransmission

India’s Adani Group to invest $10 billion in US energy following Trump win

Gautam Adani announced the investment, with no specific timeline, while congratulating U.S....

Login into your Account

Please login to like, dislike or bookmark this article.