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CS - Suncor net triples on one-time gains, operating income up 5% - July 2019
Focusing on higher-value Syncrude volumes and buying production allotments from other companies while Alberta imposes crude production cuts proved to be a useful pacekeeping strategy for Canada’s biggest oil company in Q2. Suncor Energy reported net income of $2.73 billion on revenue of $10.1 billion, compared with $972 million in profits on $10.3 billion in revenue in 2Q18. Operating income of $1.25 billion came in 5% higher than the $1.19 billion reported a year earlier, as overall oil sands production......
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