How many barrels a day does Suncor produce?
Christopher Pierce
Updated on April 27, 2026
It started production in 2018 and has an estimated lifespan of 50 years, with peak daily production estimated at 194,000 barrels per day.
What does it cost Suncor to produce a barrel of oil?
The company also increased its guidance for operating costs per barrel at Fort Hills, to $37 to $42 per barrel from a pervious $25 to $29 per barrel. Suncor shut down one of its production trains at Fort Hills – which is jointly owned by Suncor and minority partners Total E&P and Teck Resources Ltd.
How much does it cost Syncrude to produce a barrel of oil?
Syncrude cash operating costs of $32.00 – $35.00 (US $24.65 – $26.95) per barrel is based on the assumptions that: (i) Syncrude will produce 170,000 – 185,000 bbls/d of synthetic crude oil (net to Suncor); and (ii) natural gas used at Syncrude (AECO – C Spot ($CAD)) will be priced at an average of $2.50/GJ over 2021.
Is Suncor losing money?
Net Earnings (Loss) Suncor’s net earnings were $821 million ($0.54 per common share) in the first quarter of 2021, compared to a net loss of $3.525 billion ($2.31 per common share) in the prior year quarter.
What is Suncor production?
suncor.com. Suncor Energy is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 252nd-largest public company in the world.
Does Suncor sell natural gas?
Suncor Energy Inc. is selling the bulk of its Western Canadian natural gas business to a British-Qatari partnership for $1 billion, but will hang on to its undeveloped shale lands in the Montney region of B.C. for now.
What is Suncors debt?
Based on Suncor Energy’s balance sheet as of March 2, 2017, long-term debt is at $22.64 billion and current debt is at $2.11 billion, amounting to $24.75 billion in total debt. Adjusted for $3.02 billion in cash-equivalents, the company’s net debt is at $21.74 billion.
How many shares has Suncor bought back?
After a lean year, the company is giving some of that cash windfall back to investors, by buying back 63 million of its own shares since the start of the year. That’s about 4 per cent of the float. Suncor also said it would restore its dividend to 42 cents per share — up from the 21 cents it was cut to in May of 2020.
How much cash does Suncor have?
Compare SU With Other Stocks
| Suncor Energy Annual Cash on Hand (Millions of US $) | |
|---|---|
| 2020 | $1,407 |
| 2019 | $1,477 |
| 2018 | $1,714 |
| 2017 | $2,061 |
How will sunsuncor’s oil sands operations cash operating costs change in 2021?
Suncor’s Oil Sands operations cash operating costs (1) per barrel are expected to reduce by 8% to $26.00 – $28.50 when compared to the 2020 guidance midpoint. These costs include the impact of the five-year major planned maintenance turnaround at Base Plant Upgrader 2. The turnaround activities will begin in the second quarter of 2021.
What is Suncor’s expected upstream production for 2020?
Suncor’s average expected upstream production of 740,000 to 780,000 boe/d represents a year over year production increase of approximately 10% compared to the midpoint guidance range of 2020. Suncor’s Oil Sands operations cash operating costs (1) per barrel are expected to reduce by 8% to $26.00 – $28.50 when compared to the 2020 guidance midpoint.
What is Suncor’s 2021 corporate guidance?
CALGARY, Alberta, Nov. 30, 2020 (GLOBE NEWSWIRE) — Suncor released its 2021 corporate guidance today which reflects its capital allocation framework and includes: average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d);
Will Suncor’s cogen facility re-start in 2021?
A final decision on re-starting the construction of the Cogen will be made in 2021. As demonstrated in 2020, Suncor’s 2021 capital guidance range will remain flexible and agile depending on commodity prices and accommodates the potential restart of the Cogeneration Facility.
