Suncor Energy reports third quarter profit of $1.54 billion

  • 📰 SooToday
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 85%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

CALGARY — Suncor Energy Inc. says it earned a profit of $1.54 billion in the third quarter of 2023, compared to a net loss of $609 million in the prior year's quarter. The Calgary-based energy giant says its earnings work out to $1.

CALGARY — Suncor Energy Inc. says it earned a profit of $1.54 billion in the third quarter of 2023, compared to a net loss of $609 million in the prior year's quarter.

On an adjusted basis, Suncor earned $1.98 billion or $1.52 per common share in the third quarter of 2023, compared to $2.57 billion or $1.88 per common share in the third quarter of 2022.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Consolidation in Canada's energy sector likely to spur growth: portfolio managerFollowing news that Crescent Point Energy Corp. will acquire Hammerhead Energy Inc., a portfolio manager predicts a coming wave of consolidation in the Canadian energy space that will benefit the industry.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Suncor’s quarterly profit tops estimates on stable demand for refined productsThe company’s refinery utilization averaged 99%, higher than the 85% utilization in the second quarter
Source: globeandmail - 🏆 5. / 92 Read more »

Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,530.21, down 45.38 points): Suncor Energy Inc. (TSX:SU). Energy. Down 81 cents, or 1.84 per cent, to $43.29 on 10.0 million shares.
Source: SooToday - 🏆 8. / 85 Read more »