Suncor's Extraordinary Performance Breaks Its Own Production Records

Zacks01-08 20:16

Suncor Energy Inc. SU, a leading integrated energy company, recently announced the operational performance update for the fourth quarter and full-year 2024. The company recorded an unprecedented ...

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The company recorded an unprecedented ...</p>\n\n<a href=\"https://finance.yahoo.com/news/suncors-extraordinary-performance-breaks-own-121600717.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Suncor's Extraordinary Performance Breaks Its Own Production Records</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuncor's Extraordinary Performance Breaks Its Own Production Records\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-08 20:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/suncors-extraordinary-performance-breaks-own-121600717.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Suncor Energy Inc. SU, a leading integrated energy company, recently announced the operational performance update for the fourth quarter and full-year 2024. The company recorded an unprecedented ...</p>\n\n<a href=\"https://finance.yahoo.com/news/suncors-extraordinary-performance-breaks-own-121600717.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4213","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://finance.yahoo.com/news/suncors-extraordinary-performance-breaks-own-121600717.html","article_id":"2501727505","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501727505","pubTimestamp":1736338560,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Suncor Energy Inc.SU, a leading integrated energy company, recently announced the operational performance update for the fourth quarter and full-year 2024. The company recorded an unprecedented performance in upstream and downstream businesses in 2024, setting records in oil production and refining throughput.In the fourth quarter alone, Suncor’s upstream production soared to 874 kbbl/d , up from 808 kbbl/d a year earlier, marking the upgrader utilization soaring to 103%.For the full year 2024, Suncor recorded an average annual production of 827 kbbl/d, marking an increase of 81 kbbl/d or 10.9% from 2023. The record yearly production surpassed the high end of its own guidance by 17 kbbl/d. The upgrader also scored an annual utilization of 98%, 6% higher than its previous best.During the fourth quarter of 2024, the refinery throughput rose to 487 kbbl/d, up from 456 kbbl/d a year earlier. The downstream operations also marked the jump in refinery utilization to 104% from its previous 98","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4213":"石油与天然气的勘探与生产","BK4201":"综合性石油与天然气企业","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","GPRK":"GeoPark Ltd","BK4109":"特种化学制品","FTK":"Flotek工业","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","SU":"森科能源","AETUF":"Arc Resources Ltd."},"translate_title":"森科尔的非凡表现打破了自己的生产记录","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AETUF":1,"GPRK":1,"SU":1,"FTK":0.9},"content_text":"Suncor Energy Inc. SU, a leading integrated energy company, recently announced the operational performance update for the fourth quarter and full-year 2024. The company recorded an unprecedented performance in upstream and downstream businesses in 2024, setting records in oil production and refining throughput.\nSU’s Upstream Performance\nIn the fourth quarter alone, Suncor’s upstream production soared to 874 kbbl/d (thousand barrels per day), up from 808 kbbl/d a year earlier, marking the upgrader utilization soaring to 103%.\nFor the full year 2024, Suncor recorded an average annual production of 827 kbbl/d, marking an increase of 81 kbbl/d or 10.9% from 2023. The record yearly production surpassed the high end of its own guidance by 17 kbbl/d. The upgrader also scored an annual utilization of 98%, 6% higher than its previous best.\nSU’s Downstream Performance\nDuring the fourth quarter of 2024, the refinery throughput rose to 487 kbbl/d, up from 456 kbbl/d a year earlier. The downstream operations also marked the jump in refinery utilization to 104% from its previous 98%.\nFor the full year, SU recorded a refining throughput of 465 kbbl/d, marking an increase of 44 kbbl/d, or 10.5%, from 2023. The yearly throughput surpassed the high end of its guidance by 20 kbbl/day, supported by an impressive refinery utilization rate of 100%.\nSU’s Support System for Exceptional Performance\nSuncor’s strong operational performance in the fourth quarter and the full year of 2024 was supported by the launch of the Trans Mountain pipeline expansion, unlocking its export capacities and enabling the company to scale up output.\nThe company also gained support in its business areas by focusing on fundamentals like safety and operational reliability. The quality of its asset base and the dedication of its people also helped the company achieve exceptional results.\nLooking Ahead to 2025\nIn December 2024, Suncor released its 2025 guidance in which the company had clearly stated that it intends to stay focused on growth in production and reduction in its capital expenditure. The company plans to grow its production levels by about 4% and reduce the capital expenditure by about 3% in 2025.\nSU’s Zacks Rank and Key Picks\nAlberta-based Suncor Energy is Canada's premier integrated energy company. The company's operations include oil sands development and upgrading, conventional and offshore crude oil and gas production, petroleum refining, and product marketing. Currently, SU has a Zacks Rank #3 (Hold).\nInvestors interested in the energy sector might look at some better-ranked stocks like GeoPark Limited GPRK,ARC Resources Ltd. AETUFand Flotek Industries, Inc. FTK. While GeoPark currently sports a Zacks Rank #1 (Strong Buy), ARC Resources and Flotek Industries each carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nHamilton, Bermuda-based GeoPark Ltd is an explorer, operator and consolidator of oil and gas. The Zacks Consensus Estimate for GPRK’s 2024 earnings indicates 19.39% year-over-year growth.\nCalgary, Canada-based ARC Resources is engaged in the exploration, acquisition and development of oil and natural gas properties. AETUF’s expected EPS (earnings per share) growth rate for next year is 50.78%, which aligns favorably with the industry growth rate of 11.60%.\nFlotek Industries develops and delivers prescriptive chemistry-based technology, including specialty chemicals, to clients in the energy, consumer industrials and food & beverage industries. The Zacks Consensus Estimate for FTK’s 2024 earnings indicates 125% year-over-year growth.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSuncor Energy Inc. (SU) : Free Stock Analysis Report\nArc Resources Ltd. (AETUF) : Free Stock Analysis Report\nFlotek Industries, Inc. (FTK) : Free Stock Analysis Report\nGeopark Ltd (GPRK) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2501727505"}