Suncor's total upstream production was 763,100 barrels of oil equivalent per day (boepd) in the fourth quarter, higher than last year's output of 743,300 boepd. The company's refinery utilization averaged 94% and crude throughput was 440,000 barrels per day (bpd), compared with 447,000 bpd last year, as its Commerce City refinery in Colorado was knocked out by winter storm Elliott. The Calgary, Alberta-based company reported adjusted operating earnings of C$2.43 billion($1.82 billion), or C$1.81 per share, for the quarter ended Dec. 31, compared with average analysts' estimate of C$1.76 per share. ($1 = 1.3344 Canadian dollars) (Reporting by Sourasis Bose in Bengaluru; Editing by Subhranshu Sahu)
(Corrects day in first paragraph to Tuesday from Wednesday)
Feb 14 (Reuters) - Canada's Suncor Energy Inc reported a better-than-expected fourth-quarter profit on
Tuesday, helped by higher crude prices amid tightened global
supply.
U.S. oil prices pulled back from a multi-year high last
quarter, but were trading 9% higher than the year-ago level as
Western sanctions against major energy producer Russia and a
decision by OPEC+ to cut output tightened global supply.
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