Suncor said higher oil prices and increased production helped drive the rise in profits. Read more
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The Calgary-based company in a release on Feb. 14 attributed the rise in profit to higher crude prices and refined product realizations, as well as higher upstream production, partially offset by increased operating expenses and income taxes.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Unplanned maintenance at Suncor’s Commerce City refinery in Colorado put a dent in its refinery utilization rate, which was 94 per cent in the fourth quarter, compared to 96 per cent over the same period in 2021. Company refineries processed 440,000 barrels per day of crude feedstock during the quarter.Article content
It’s been seven months since Little resigned following a series of workplace fatalities and production disappointments, prompting the launch of a global search for a new CEO. Suncor’s chief financial officer, Alister Cowan, said last month at the Goldman Sachs Global Energy and Clean Technology Conference that an update on the search would be coming in mid-February.of U.S. activist investor Elliott Investment Management LP which succeeded in getting three new directors appointed to Suncor’s board following Little’s departure — including two who were to serve on the board’s CEO search committee.
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Suncor’s fourth quarter profits increase 76 per cent to $2.74B | Globalnews.caSuncor Energy Inc. says it earned $2.74 billion in the fourth quarter of 2022, a 76 per cent increase from the $1.55 billion it earned in the same three months of 2021.
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Suncor's fourth-quarter profits increase 76 per cent to $2.74BSuncor Energy Inc. says it earned $2.74 billion in the fourth quarter of 2022, a 76 per cent increase from the $1.55 billion it earned in the same three months of 2021.
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Suncor Energy tops quarterly profit estimates on higher crude pricesSuncor reported adjusted operating earnings of $2.43-billion, or $1.81 per share, for the quarter ended Dec. 31
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Suncor's truce with activist investor faces test as CEO search drags onSuncor promised changes, but there are signs shareholders may be losing patience with its commitment to revamping its leadership. Read on
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Suncor's truce with activist investor faces test as CEO search drags onSuncor promised changes, but there are signs shareholders may be losing patience with its commitment to revamping its leadership. Read on
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Suncor's truce with activist investor faces test as CEO search drags onSuncor promised changes, but there are signs shareholders may be losing patience with its commitment to revamping its leadership. Read on
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