Feb 3 (Reuters) - Canada's Suncor Energy ( SU ) beat
fourth-quarter profit estimates on Tuesday, helped by higher oil
production.
The integrated oil and gas firm reported an adjusted profit
of C$1.10 per share for the quarter ended December 31, compared
with analysts' average estimate of C$1 per share, according to
data compiled by LSEG.
Canadian oil sands producers, including Suncor, have
remained resilient despite a global oil industry downturn, as
economic uncertainty related to the U.S. tariff policy and OPEC+
pumping more barrels weighs on the sector. Years of investment
have supported output and helped keep producers among North
America's lowest-cost operators.
Suncor's upstream quarterly production rose to 909,000
barrels per day from 875,000 bpd a year ago.