May 7 (Reuters) -
Canada's Suncor Energy ( SU ) beat first-quarter profit
estimates on Tuesday as the integrated oil and gas firm
benefited from higher oil production.
Demand for oil in the U.S., the biggest importer of
Canadian oil, rose more than the forecast in February according
to data from the U.S. Energy Information Administration, helping
oil producers like Suncor Energy ( SU ).
Canada's second-biggest oil producer said total upstream
production was up at 835,300 barrels per day (bpd) in the
quarter, compared with 742,100 bpd from a year earlier.
The company reported adjusted operating earnings of C$1.41
per share for the quarter ended March 31, compared with
analysts' average estimate of C$1.29, according to LSEG data.