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Suncor Energy reports Q4 2024 net income down to $818M, despite higher production and refinery throughput.
Suncor Energy reported a net income of $818 million for the fourth quarter of 2024, down from $2.82 billion in the same quarter last year.
Despite the decrease, the company saw an increase in upstream production to about 875,000 barrels of oil equivalent per day, up from 808,100 barrels per day.
Refinery crude throughput also rose to 486,200 barrels per day with a 104% utilization rate, up from 455,900 barrels per day with 98% utilization last year.
Adjusted operating earnings decreased to $1.57 billion due to lower refined product prices and higher royalties.
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Suncor Energy reporta un ingreso neto del Q4 2024 hasta $818M, a pesar de un mayor rendimiento de producción y refinería.