Business
Suncor Energy Achieves Record Quarterly and Full Year Operational Results
(All figures are approximate) Calgary, Alberta--(Newsfile Corp. - January 6, 2025) - Suncor (TS...
About this update from Suncor Energy Inc.
[{"type":"text","content":"Suncor Energy Achieves Record Quarterly and Full Year Operational Results(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 4th quarter and full year of 2024 as summarized below: Upstream Highlights:Record quarterly production of 874,000 bbls/d, up 66,000 bbls/d from 4th quarter 2023Quarterly upgrader utilization of 103%, with both Syncrude and Base Plant greater than 100%Record annual production of 827,000 bbls/d, up 81,000 bbls/d, or 10.9%, from 2023 Annual production 17,000 bbls/d above the high-end of guidance Record annual upgrader utilization of 98%, 6% higher than previous best Record annual utilization of 99% and 96% at Base Plant and Syncrude, respectively Record quarterly and annual production at Firebag of 250,000 bbls/d and 234,000 bbls/d, respectively Record annual production at Fort Hills of 168,000 bbls/d, including above plan production of 161,000 bbls/d in the 4th quarterDownstream Highlights:Record quarterly refining throughput of 487,000 bbls/d, tied with the 3rd quarter 2024, up 31,000 bbls/d from 4th quarter 2023Quarterly refining utilization of 104%, with all four refineries greater than 100% Record annual refining throughput of 465,000 bbls/d, up 44,000 bbls/d, or 10.5%, from 2023 Annual throughput 20,000 bbls/d above the high-end of guidance Record annual refining utilization of 100%, 5% higher than previous best Record annual utilization of 105% and 98% at Edmonton and Montreal, respectivelyRecord annual refined product sales of 599,000 bbls/d, up 46,000 bbls/d, or 8.3%, from 2023 Annual product sales 19,000 bbls/d above the high-end of guidance Q4 2024FY 2024FY 2024 GuidanceUpgraded - net SCO and diesel (bbls/d)543,000516,000Non-upgraded bitumen (bbls/d)274,000258,000Total Oil Sands production (bbls/d)817,000774,000725,000-755,000Exploration and Production (bbls/d)57,00053,00045,000-55,000Total Upstream Production (bbls/d)874,000827,000770,000-810,000Refinery Throughput (bbls/d)487,000465,000430,000-445,000 Refinery Utilization (%)10410092-96 \"Suncor's exceptionally strong operational performance in both the 4th quarter and full year of 2024, across all of our businesses, was supported by an ongoing focus on the fundamentals, including saf...