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Suncor Energy's quarterly profit jumps fourfold as crude prices soar

(Reuters) -Suncor Energy Inc posted an over fourfold rise in its second-quarter profit on Thursday, as Canada's third-largest crude oil producer benefited from a rally in...
Suncor Energy's quarterly profit jumps fourfold as crude prices soar © Reuters. FILE PHOTO - Petrochemical storage tanks are seen at the Suncor Energy chemical plant near Edmonton, Alberta, Canada, October 7, 2021. REUTERS/Todd Korol

(Reuters) -Suncor Energy Inc posted an over fourfold rise in its second-quarter profit on Thursday, as Canada's third-largest crude oil producer benefited from a rally in commodity prices.

Sanctions against major oil producer Russia have worsened supply issues, sending global crude prices up nearly 48% in the first half of the year as energy companies are yet to boost production to meet soaring fuel demand.

Suncor said its total upstream production stood at 720,200 barrels of oil equivalent per day (boepd), compared with 699,700 boepd year earlier.

The company's refinery crude throughput rose nearly 20% to 389,300 barrels per day while the refinery utilization in the quarter was 84%, compared with 70% in the prior year.

The company reported net earnings of C$3.996 billion ($3.11 billion), or C$2.84 per share, for the three-month period ended June 30, compared with C$868 million, or 58 Canadian cents, a year earlier.

($1 = 1.2867 Canadian dollars)

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10-08-2022 21:57:14 (UTC+7)

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 EUR/USD1.0351↑ Buy
 GBP/USD1.2263↑ Buy
 USD/JPY132.20↑ Sell
 AUD/USD0.7099↑ Buy
 USD/CAD1.2761↑ Sell
 EUR/JPY136.84Neutral
 EUR/CHF0.9733↑ Buy
 Gold1,817.75↑ Buy
 Silver20.800↑ Buy
 Copper3.6482↑ Buy
 Crude Oil WTI88.94↑ Buy
 Brent Oil94.68↑ Buy
 Natural Gas8.097↑ Buy
 US Coffee C220.73Sell
 Euro Stoxx 503,747.75↑ Buy
 S&P 5004,196.83↑ Buy
 DAX13,680.39↑ Buy
 FTSE 1007,504.63↑ Buy
 Hang Seng19,610.84↑ Buy
 Small Cap 20001,955.90↑ Buy
 IBEX 358,341.50Neutral
 BASF44.428↑ Sell
 Bayer51.82Sell
 Allianz178.13Neutral
 Adidas172.75Neutral
 Lufthansa6.617Sell
 Siemens AG109.09Sell
 Deutsche Bank AG8.829Neutral
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Cập nhật 10-08-2022 21:57:16
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Cập nhật lúc 18:51:10 10/08/2022
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