financetom
Business
financetom
/
Business
/
Suncor Energy beats third-quarter profit estimates on higher production
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Suncor Energy beats third-quarter profit estimates on higher production
Nov 4, 2025 2:39 PM

Nov 4 (Reuters) - Canada's integrated oil and gas firm

Suncor Energy ( SU ) beat third-quarter profit estimates on

Tuesday, as higher production helped offset lower prices.

Canadian oil producers are also gaining from the expanded

Trans Mountain pipeline, which opens access to global markets

and lessens their dependence on the U.S. pipeline system.

The company's total upstream production was at 870,000

barrels per day in the quarter, compared with 828,600 bpd a year

earlier.

Crude prices averaged $68.33 per barrel in the

July-September quarter, down more than 13% from a year earlier,

after OPEC+ accelerated output hikes and raised concerns about

oversupply.

The company reported an adjusted profit of C$1.48 per share

for the quarter ended September 30, compared with the analysts'

average estimate of C$1.08 per share, according to data compiled

by LSEG.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
VCI Global Initiates Rescission and Cancellation of Shares from QuantGold Transaction, Tightening Capital Structure Following Reverse Split
VCI Global Initiates Rescission and Cancellation of Shares from QuantGold Transaction, Tightening Capital Structure Following Reverse Split
Sep 17, 2025
KUALA LUMPUR, Malaysia, Sept. 17, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited ( VCIG ) (“VCI Global” or the “Company”), today announced the rescission of its previously announced acquisition of 20% equity stake in QuantGold Data Group Limited (QuantGold), resulting in the cancellation of associated shares and a more efficient capital base. Following an internal and strategic review, VCI Global’s...
Factbox-Groups that have bid for TikTok or expressed interest
Factbox-Groups that have bid for TikTok or expressed interest
Sep 17, 2025
(Reuters) -President Donald Trump on Tuesday announced an agreement between the U.S. and China to keep TikTok operating in the United States, a breakthrough in months-long talks between the two biggest economies as they seek to defuse a wide-ranging trade war that has unnerved global markets. The deal was similar to one discussed earlier this year, Reuters reported, and requires...
What's Going On With Palantir Technologies Stock?
What's Going On With Palantir Technologies Stock?
Sep 17, 2025
Palantir Technologies Inc ( PLTR ) shares are trading lower Wednesday afternoon, potentially amid overall market volatility following of today’s Federal Reserve interest rate decision. What To Know: A string of positive operational updates from Palantir ( PLTR ), including a key CMMC Level 2 cybersecurity certification on Wednesday and an expanded U.K. defense partnership last week, are failing to...
Market Chatter: Toyota Motor to Reduce Part Lineups Under Efficiency Initiative
Market Chatter: Toyota Motor to Reduce Part Lineups Under Efficiency Initiative
Sep 17, 2025
02:57 PM EDT, 09/17/2025 (MT Newswires) -- Toyota Motor ( TM ) is expanding an initiative to minimize unnecessary parts in a bid to improve productivity and add capacity, Nikkei Asia reported Wednesday, citing company executives. A team of around 40 people from backgrounds of sales, development, procurement and production handles the efficiency project called Area 35, according to the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved