BRIEF-Suncor Energy Q4 FFO Per Share C$1.83

Published 2018-02-07, 08:41 p/m
© Reuters.  BRIEF-Suncor Energy Q4 FFO Per Share C$1.83
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Feb 7 (Reuters) - Suncor Energy Inc SU.TO :

* SUNCOR ENERGY REPORTS FOURTH QUARTER 2017 RESULTS

* Q4 FFO PER SHARE C$1.83

* QTRLY OIL SANDS OPERATIONS CASH OPERATING COSTS PER BARREL (BBL) WERE $24.20, COMPARED TO $24.95 IN PRIOR YEAR QUARTER

* QUARTERLY UPSTREAM PRODUCTION WAS 736,400 BARRELS OF OIL EQUIVALENT PER DAY VERSUS 738,500 BOE/D

* OIL SANDS OPERATIONS PRODUCTION WAS 446,800 BARRELS PER DAY (BBLS/D) IN Q4 OF 2017, COMPARED TO 433,400 BBLS/D IN PRIOR YEAR QUARTE

* SUNCOR ENERGY - PRODUCTION VOLUMES IN EXPLORATION AND PRODUCTION (E&P) WERE 115,200 BOE/D IN Q4 OF 2017, COMPARED TO 118,100 BOE/D IN PRIOR YEAR QUARTER

* R&M'S REFINERY CRUDE THROUGHPUT WAS 432,400 BBLS/D IN Q4 OF 2017, COMPARED TO 427,300 BBLS/D IN PRIOR YEAR QUARTER

* SAYS FORT HILLS AND HEBRON HAVE BEEN SAFELY BROUGHT ONLINE AND ARE NOW PRODUCING OIL

* FORT HILLS PROJECT PRODUCTION RAMP UP TO PROJECT'S NAMEPLATE CAPACITY OF 194,000 BBLS/D IS PROGRESSING ON SCHEDULE

* SAYS HAS UPDATED ITS FY BUSINESS ENVIRONMENT OUTLOOK ASSUMPTION AS A RESULT OF RECENTLY ANNOUNCED CHANGE IN U.S. CORPORATE TAX RATE

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