Suncor Beats Analyst Forecasts With Q1 Results ...Middle East

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Suncor Beats Analyst Forecasts With Q1 Results
source : OILPRICE ( Middle East ) () 40
Suncor reported first-quarter financial results beating analyst expectations on record production, refining rates and refined product sales. The Canadian energy heavyweight booked a net profit of C$1.69 for the quarter, equal to some $1.23 billion, up significantly on a quarterly basis and also up on an annual basis. Operating profits also rose on a sequential basis but were lower than the year-ago result. Suncor reported production of 853,000 barrels daily for the first quarter of the year, which was an all-time high for a first quarter. It also…

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