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Profits for Suncor Energy almost triples in 2Q
July 25, 2019
Source: Reuters

Profits for Suncor Energy almost triples in 2Q

Canadian oil & gas firm, Suncor Energy’s profits jumped nearly three times in the second quarter of 2019. Climbing on the back of a deferred income tax gain of C$1.12 billion, net profit for Suncor rose to C$2.7 billion from C$972 million from a year earlier. Suncor’s total production buoyed up to 803,900 boepd, from 661,770 boepd in 2Q2018.

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