Suncor Energy reported a net profit of C$1.57 billion, or $1.14 for the second quarter of the year, attributing it to stronger production and higher oil prices. On a per-share basis, earnings came in at C$1.27, which was higher than analysts’ expectations, which stood at an average of C$1.08, based on LSEG data reported by Reuters. The result, however, was lower than both the net figure for the first quarter of 2024 and the one for the second quarter of 2023. The oil sands major said its production during the reporting quarter had averaged…
