Suncor Energy's 2024 oil production hits a new all-time high

Suncor Energy Inc., a Canadian energy company, achieved a record-high annual oil production in 2024—exceeding the upper end of its own guidance—driven by increased demand and improved market access. In its Q4 and full-year 2024 upstream and downstream operational performance update, Suncor Energy reported an average annual production of 827,000 barrels per day (bpd), representing a 10.9% increase over 2023 and 17,000 bpd above its upper guidance range. Fourth-quarter oil production also reached a new record high at 874,000 bpd—an increase of 66,000 bpd year-on-year. Suncor’s quarterly upgrader utilization rate stood at 103%, with both the Syncrude and Base Plant facilities exceeding 100% utilization. Other 2024 and Q4 records included an annual upgrader utilization rate of 98%—6 percentage points higher than the previous best—and a record annual refinery throughput of 465,000 bpd, up 10.5% year-on-year and 20,000 bpd above the upper end of guidance.

Suncor Energy Inc. (SU.US): Q4 2021 earnings report shows revenue of $8.851 billion

Suncor Energy Inc. (SU.US): Its Q4 2021 earnings report showed revenue of $8.851 billion, compared to $5.058 billion in the prior quarter and an analyst consensus estimate of $8.59 billion—surpassing expectations by 3.04%. Earnings per share (EPS) were $0.71, versus a loss of $0.07 in the prior quarter and an expected $0.78—missing estimates by 8.97%. Company profile of Suncor Energy (SU.US): Suncor Energy is an integrated energy company engaged in developing petroleum resource basins. Its operations include oil sands development and upgrading, onshore and offshore oil and gas production, petroleum refining, and product marketing. The company operates through three business segments: Oil Sands; Exploration and Production; and Refining and Marketing. The Oil Sands segment encompasses operations in the Athabasca oil sands region of Alberta, developing and producing synthetic crude oil and related products via surface mining and in-situ bitumen recovery and upgrading. The Exploration and Production segment includes offshore activities off Canada’s east coast, as well as exploration and production of crude oil and natural gas in the United Kingdom, Norway, Libya, and Syria, plus natural gas and natural gas liquids exploration and production in western Canada.

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Canada's Suncor Energy Beats First-Quarter Profit Estimates

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