08:17:12 EST Wed 04 Dec 2024
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Suncor Energy Inc
Symbol SU
Shares Issued 1,288,359,216
Close 2024-02-22 C$ 45.22
Market Cap C$ 58,259,603,748
Recent Sedar Documents

Post says Suncor beats Q4 expectations

2024-02-23 09:08 ET - In the News

The Financial Post reports in its Friday edition that Suncor beat analysts' expectations and finished strong in 2023 to counter a distracting year in which it welcomed a new chief executive officer, trimmed its work force and tackled a cybersecurity incident. The Post's Naimul Karim writes that despite the challenges, the company posted its best-ever oil sands production numbers during the three months that ended on Dec. 31. It produced 757,400 barrels per day in the fourth quarter, up from 688,000 in the same quarter in 2022. Its total upstream production was about 808,100 barrels of oil per day, which the company said is its second highest in company history. Adjusted earnings, however, fell to $1.63-billion in the fourth quarter, from $2.43-billion during the same period in 2022, which the company attributed to lower crude oil prices and a weak business environment. Its adjusted operating earnings of $1.26 per share were higher than analysts' average estimate of $1.05. Suncor also announced changes to its board, with the retirement of chair Michael Wilson and director Dennis Houston. Mr. Wilson, who has been chair since 2017, will be replaced by Russ Girling, former chief executive officer of TC Energy, on March 15.

© 2024 Canjex Publishing Ltd. All rights reserved.