January 6, 2025
(All figures are approximate)
Calgary, Alberta--(Newsfile Corp. - January 6, 2025) - Suncor (TSX: SU) (NYSE: SU) today provided an operational performance update for its upstream and downstream businesses for the 4 th quarter and full year of 2024 as summarized below:
Upstream Highlights:
Downstream Highlights:
|
|
Q4 2024 |
FY 2024 |
FY 2024 Guidance |
||
|
Upgraded - net SCO and diesel (bbls/d) |
543,000 |
516,000 |
|
|
|
|
Non-upgraded bitumen (bbls/d) |
274,000 |
258,000 |
|
|
|
|
Total Oil Sands production (bbls/d) |
817,000 |
774,000 |
725,000 |
- |
755,000 |
|
Exploration and Production (bbls/d) |
57,000 |
53,000 |
45,000 |
- |
55,000 |
|
Total Upstream Production (bbls/d) |
874,000 |
827,000 |
770,000 |
- |
810,000 |
|
|
|
|
|
|
|
|
Refinery Throughput (bbls/d) |
487,000 |
465,000 |
430,000 |
- |
445,000 |
|
Refinery Utilization (%) |
104 |
100 |
92 |
- |
96 |
"Suncor's exceptionally strong operational performance in both the 4 th quarter and full year of 2024, across all of our businesses, was supported by an ongoing focus on the fundamentals, including safety and operational reliability. In addition, it was a reflection of the expertise and dedication of our people and the quality of our overall asset base," said Rich Kruger, President and Chief Executive Officer. "Our strong operational performance also supported strong financial performance, including enabling us to achieve our $8 billion net debt target nine months ahead of the projection outlined in our May 2024 three-year plan. We are committed to maintaining this level of focus and results orientation to continue delivering value for our shareholders in 2025 and beyond."
For more information about Suncor, visit our website at suncor.com
Media inquiries:
(833) 296-4570
[email protected]
Investor inquiries:
[email protected]
Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the U.S.; and the company's Petro-Canada™ retail and wholesale distribution networks (including Canada's Electric Highway™, a coast-to-coast network of fast-charging EV stations). Suncor is developing petroleum resources while advancing the transition to a lower-emissions future through investment in lower emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. Suncor also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236227
