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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

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Suncor Energy Achieves Record Quarterly and Full Year Operational Results

By: Newsfile

(All figures are approximate)

Calgary, Alberta--(Newsfile Corp. - January 6, 2025) - Suncor (TSX: SU) (NYSE: SU) today provided an operational performance update for its upstream and downstream businesses for the 4th quarter and full year of 2024 as summarized below:

Upstream Highlights:

  • Record quarterly production of 874,000 bbls/d, up 66,000 bbls/d from 4th quarter 2023
    • Quarterly upgrader utilization of 103%, with both Syncrude and Base Plant greater than 100%
  • Record annual production of 827,000 bbls/d, up 81,000 bbls/d, or 10.9%, from 2023
    • Annual production 17,000 bbls/d above the high-end of guidance
  • Record annual upgrader utilization of 98%, 6% higher than previous best
    • Record annual utilization of 99% and 96% at Base Plant and Syncrude, respectively
  • Record quarterly and annual production at Firebag of 250,000 bbls/d and 234,000 bbls/d, respectively
  • Record annual production at Fort Hills of 168,000 bbls/d, including above plan production of 161,000 bbls/d in the 4th quarter

Downstream Highlights:

  • Record quarterly refining throughput of 487,000 bbls/d, tied with the 3rd quarter 2024, up 31,000 bbls/d from 4th quarter 2023
    • Quarterly refining utilization of 104%, with all four refineries greater than 100%
  • Record annual refining throughput of 465,000 bbls/d, up 44,000 bbls/d, or 10.5%, from 2023
    • Annual throughput 20,000 bbls/d above the high-end of guidance
  • Record annual refining utilization of 100%, 5% higher than previous best
    • Record annual utilization of 105% and 98% at Edmonton and Montreal, respectively
  • Record annual refined product sales of 599,000 bbls/d, up 46,000 bbls/d, or 8.3%, from 2023
    • Annual product sales 19,000 bbls/d above the high-end of guidance

Q4 2024FY 2024FY 2024 Guidance
Upgraded - net SCO and diesel (bbls/d)543,000516,000


Non-upgraded bitumen (bbls/d)274,000258,000


Total Oil Sands production (bbls/d)817,000774,000725,000-755,000
Exploration and Production (bbls/d)57,00053,00045,000-55,000
Total Upstream Production (bbls/d)874,000827,000770,000-810,000






Refinery Throughput (bbls/d)487,000465,000430,000-445,000
Refinery Utilization (%)10410092-96

 

"Suncor's exceptionally strong operational performance in both the 4th quarter and full year of 2024, across all of our businesses, was supported by an ongoing focus on the fundamentals, including safety and operational reliability. In addition, it was a reflection of the expertise and dedication of our people and the quality of our overall asset base," said Rich Kruger, President and Chief Executive Officer. "Our strong operational performance also supported strong financial performance, including enabling us to achieve our $8 billion net debt target nine months ahead of the projection outlined in our May 2024 three-year plan. We are committed to maintaining this level of focus and results orientation to continue delivering value for our shareholders in 2025 and beyond."

For more information about Suncor, visit our website at suncor.com

Media inquiries:
(833) 296-4570
media@suncor.com

Investor inquiries:
invest@suncor.com

Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the U.S.; and the company's Petro-Canada™ retail and wholesale distribution networks (including Canada's Electric Highway™, a coast-to-coast network of fast-charging EV stations). Suncor is developing petroleum resources while advancing the transition to a lower-emissions future through investment in lower emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. Suncor also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236227

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