Suncor Shares Rise 5.4% on Strong Upstream Production
January 03 2024 - 2:55PM
Dow Jones News
By Denny Jacob
Suncor shares rose 5.4% to 45.13 Canadian dollars ($33.88)
following its second best upstream production in the fourth
quarter.
The stock is up 9.3% over the last 12 months.
The Canadian energy company issued an operational update for the
fourth quarter that highlighted upstream production of 808,000
barrels per day, which it said was the second highest quarter in
the company's history.
"Not only did we meet the annual production guidance set a year
ago, but December was also Suncor's best month ever with upstream
production averaging over 900,000 [barrels per day]," Chief
Executive Rich Kruger said.
Suncor's full fourth-quarter financial and operating results
will be released on Feb. 21.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
January 03, 2024 15:40 ET (20:40 GMT)
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