suncor quarterly report 2020


Production volumes are presented on a working interest basis, before royalties, except for Libya, which is on an economic basis. Refinery utilization averaged 76% in the second quarter of 2020, which was achieved during a period of significant volatility and rapidly shifting demand. {

We are confident that with our unique business model, focused actions and dedicated team we will remain strong and continue to provide trusted energy for decades to come.”. Representing management will be Mark Little, president and chief executive officer and Alister Cowan, chief financial officer. It will be interesting to see whether the legendary investor further averaged it in the Q3.
“Someone dumped a vial of blood on me as I was leaving the Washington Mall. In response to changing market conditions, the company leveraged the flexibility of its integrated asset base with a continued focus on value over volume across the company’s assets. In the first quarter of 2020, crude oil and refined product realizations declined significantly due to the decline in global commodity benchmarks and demand as a result of the COVID‑19 pandemic and OPEC+’s initial plan to … The net loss for the first quarter of 2020 included $1.798 billion of non‑cash after‑tax asset impairment charges, a $1.021 billion unrealized after‑tax foreign exchange loss on the revaluation of U.S. dollar denominated debt and a $397 million after‑tax hydrocarbon inventory write‑down to net realizable value.

", Along with the impact on its bottom line, management commentary will be an important indicator for investors. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. After the ruling, abortion is allowed in Poland only when the pregnancy threatens the woman's health or is the result of rape or incest. CALGARY, Alberta – Suncor will release its third quarter financial results on October 28, 2020 before 8:00 p.m. MT (10:00 p.m. Suncor’s net loss was $3.525 billion ($2.31 per common share) in the first quarter of 2020, compared to net earnings of $1.470 billion ($0.93 per common share) in the prior year quarter. In the second quarter of 2020, crude oil and refined product realizations decreased significantly, with crude oil and crack spread benchmarks declining by more than 50% compared to the prior year quarter due to the impacts of the COVID-19 pandemic and OPEC+ supply issues. DF) 2019 (incl.

It covers four distribution channels: hypermarkets & supermarkets, convenience stores, food & drinks specialists, ‘dollar stores’, e-retailers, and others, which includes cash & carries and warehouse clubs, department stores, and general retailers.
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{ See the Non-GAAP Financial Measures section of this news release. The COVID‑19 global pandemic has significantly lowered demand for crude oil and refined products. The operating loss in the current quarter compared to operating earnings in the prior year quarter was further impacted by the absence of insurance proceeds related to the company’s assets in Libya which were recognized in the prior year quarter. "symbols": [ The operating loss in the current quarter compared to operating earnings in the prior year quarter was further impacted by the absence of insurance proceeds related to the company’s assets in Libya which were recognized in the prior year quarter. April 27, 2020 2:15 PM Globe Newswire.

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