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Suncor Energy ( (TSE:SU) ) just unveiled an announcement.
Suncor Energy has announced record operational results for both the fourth quarter and the full year of 2024. In its upstream sector, the company achieved record quarterly production of 874,000 barrels per day, with upgrader utilization exceeding 100%. Annual production also reached a new high of 827,000 barrels per day, surpassing guidance expectations. In the downstream segment, Suncor set records in refining throughput and utilization, with an annual throughput of 465,000 barrels per day and utilization rates at 100% or higher across its refineries. These results highlight Suncor’s strong operational efficiency and capacity enhancements, positioning the company favorably in the energy market.
More about Suncor Energy
Suncor Energy is a leading integrated energy company based in Calgary, Alberta, primarily engaged in the production and refining of crude oil and other petroleum products. The company focuses on upstream and downstream operations, including oil sands development, refining, and marketing of refined products.
YTD Price Performance: 1.08%
Average Trading Volume: 3,805,927
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $45.96B
For an in-depth examination of SU stock, go to TipRanks’ Stock Analysis page.
