The Globe and Mail reports in its Thursday edition that Suncor Energy's share price jumped Wednesday as its fourth-quarter oil output was its second-highest quarter ever. A Canadian Press dispatch to The Globe says that Suncor announced upstream production in the fourth quarter of 2023 of 808,000 barrels a day. With the strong fourth-quarter output, Suncor said that it has met its corporate forecast provided in November, 2022, and recorded an annual average upstream production of 746,000 barrels a day. Suncor's December production averaged more than 900,000 barrels a day, the company's best single-month performance ever. The company's shares closed the day at $45.34, up $2.54. The strong production numbers come less than a year after former Imperial Oil head Rich Kruger was named Suncor's new chief executive officer, with a mandate to improve the company's flagging fortunes, with less emphasis on environmental matters. In a memo to clients, Eight Capital analyst Phil Skolnick said Suncor ended the year on a "very strong note." As part of its wider efficiency push, Suncor completed 1,500 job cuts in 2023, a move the company said is expected to save $450-million per year.