Suncor Energy is continuing to have a strong 2019.
Its second-quarter report, released on Wednesday, shows the Calgary-based company posted $2.72 billion in net earnings compared to $972 million in the same period of 2018.
This is also up from the first-quarter where they had net earnings around $1.47 billion.
“The team was able to create significant value by opportunistically shifting production among our assets through this period of curtailment – another great example of the benefits that come from having a broad and flexible asset base,” said Mark Little, president and chief operating officer.
The oil giant was also able to average 692,200 barrels per day, a new second-quarter record, compared to the 547,600 bbls/d in 2018.
Suncor’s share of Syncrude produced 188,700 bbls/d which is around 70,000 barrels more than last year due to the unplanned power disruption.
Fort Hills was able to average 89,300 bbls/d which was also a big increase year-over-year.
