🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Suncor 2nd-qtr operating profit falls as lower crude price bites

Published 2015-07-29, 08:35 p/m
© Reuters.  Suncor 2nd-qtr operating profit falls as lower crude price bites
SU
-

VANCOUVER, July 29 (Reuters) - Suncor Energy Inc SU.TO ,
Canada's largest oil and gas company, reported a drop in
second-quarter operating earnings on Wednesday, as lower crude
prices outweighed increased production.
The Calgary-based energy producer's operating profit, which
excludes one-time items, fell to C$906 million, or 63 Canadian
cents per share, from C$1.14 billion, or 77 Canadian cents per
share, in the year-ago period.
Suncor's net profit was C$729 million, or 50 Canadian cents
per share. That compared with a profit of C$211 million, or 14
Canadians cents per share, in the second quarter of 2014, when
the company was hit with impairment charges related to its
Joslyn project and other assets.


Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.