Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Suncor Sees Record Earnings Through Integration
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Suncor has reported first quarter results for 2014.
Steve Williams, president and chief executive officer said: "We delivered the best financial quarter on record.
Investments made at Oil Sands increased our operational flexibility, allowing us to produce higher margin barrels. Our integrated model combined with improved market access allowed us to maximize the value of every barrel we produced."
Record operating earnings of $1.793 billion ($1.22 per common share), including record operating earnings for Refining and Marketing, and net earnings of $1.485 billion ($1.01 per common share). Record cash flow from operations of $2.880 billion ($1.96 per common share). Free cash flow of $3.226 billion for the twelve months ended March 31, 2014. Strong upgrader reliability drove a quarterly…- ✓ Full news archive — U.S., Canada & international coverage
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