Suncor Reports Record Oil Sands Production Amid Project Activity

February 26, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Suncor Energy's (NYSE:SU) (Calgary, Alberta) fourth-quarter earnings results show the energy company reached its second-highest quarterly upstream production in company history and its best-ever oil sands production. Suncor plans to spend between C$6.3 billion (US$4.67 billion) and C$6.5 billion (US$4.82 billion) on capital expenditures (capex) in 2024, including between C$4.3 billion (US$ 3.1 billion) and C$4.4 billion (US$3.2 billion) for its oil sands business.