Suncor Lifts Dividend as Soaring Output and Refining Drive Strong Profit ...Middle East

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Suncor Lifts Dividend as Soaring Output and Refining Drive Strong Profit
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Canada’s oil producer Suncor Energy (NYSE: SU) raised its quarterly dividend after beating analyst estimates of its third-quarter profit, thanks to record Q3 production and its highest-ever refining throughput. Suncor Energy reported adjusted earnings per share of US$1.06 (C$1.48) for the third quarter, higher than the LSEG-compiled average analyst estimate of US$0.77 (C$1.08) per share. In the upstream, the company reported production of 829,000 barrels per day (bpd), with 99% utilization of upgraders, marking the best third quarter ever…

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