Suncor Energy reports third quarter 2021 results
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Wednesday, October 27, 2021
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CALGARY, Alberta, Oct. 27, 2021 (GLOBE NEWSWIRE) -- “In the third quarter of 2021, Suncor generated funds from operations of $2.6 billion, underpinned by strong results from the Refining & Marketing business and including the significant planned turnaround at Oil Sands Base,” said Mark Little, president and chief executive officer. “Since the start of 2021, we have returned $2.6 billion to our shareholders through share repurchases and dividends and have reduced net debt by $3.1 billion, demonstrating significant progress towards fortifying our balance sheet and meeting our capital allocation targets for the year.”
Key Points:
- Syncrude upgrader utilization was 91% in the third quarter of 2021, compared to 78% in the prior year quarter.
- Production at Fort Hills increased during the third quarter of 2021, compared to the prior year quarter.
- Exploration and Production (E&P) produced 93,500 boe/d during the third quarter of 2021, compared to 97,200 boe/d in the prior year quarter.
- Refined product sales in the third quarter of 2021 increased to 551,500 bbls/d, compared to 534,000 bbls/d in the prior year quarter.