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Suncor Increases Oil Sands Production by 45 MBOPD in Q2
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Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$).
Steve Williams, president and chief executive officer said: "Suncor generated strong cash flows in excess of $2.1 billion during the second quarter of 2015, more than enough to fund our capital requirements and our dividend. As a result, we are returning more value to shareholders by increasing our dividend and renewing our share buyback program."
Cash flow from operations of $2.155 billion ($1.49 per common share) versus $2.406 billion ($1.64 per common share) in the prior year quarter, despite a decrease in crude oil benchmarks of over 40%. Operating earnings of $906 million ($0.63 per common share) and net earnings of $729 million ($0.50 per common share). Solid refinery utilization and…- ✓ Full news archive — U.S., Canada & international coverage
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