Suncor’s Third-Quarter Results Highlighted by Cash Flow and Production Growth
The big news is Suncor generated sufficient operating cash flow to fund its capital expenditures and dividends. Cash flow from operations for the quarter was CAD 2 billion, driven by increased production, lower per unit operating costs, and improved upgrader reliability. Management believes that the company can continue to generate sufficient operating cash flow at $40/bbl WTI. ÂSuncor reported third-quarter production volumes of 728 mbbl/d compared with 566 mbbl/d in the prior-year period. Pr...
Suncor Energy is an energy company. Co.'s operations include oil sands development and upgrading, onshore and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. Co.'s segments include: oil sands, which develop and produce synthetic crude oil and related products through the recovery and upgrading of bitumen; exploration and production, which include offshore activity, and the exploration and production of crude oil, natural gas, and natural gas liquids; and refining and marketing, which include the refining of crude oil products, and the distribution and marketing of these and other purchased products, as well as a lubricants plant.
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