Suncor energy achieves record quarterly and full year operational results
(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 2024 fy 2024 fy 2024 guidance upgraded - net sco and diesel (bbls/d) 543,000 516,000 non-upgraded bitumen (bbls/d) 274,000 258,000 total oil sands production (bbls/d) 817,000 774,000 725,000 - 755,000 exploration and production (bbls/d) 57,000 53,000 45,000 - 55,000 total upstream production (bbls/d) 874,000 827,000 770,000 - 810,000 refinery throughput (bbls/d) 487,000 465,000 430,000 - 445,000 refinery utilization (%) 104 100 92 - 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.
