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Suncor beats quarterly profit views as production rises
Mar 11, 2026 2:51 AM

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.

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