Suncor Energy crushed Q2 earnings, posting $3.23 per share—way above the $3.07 forecast—thanks to soaring crude prices and record refinery output. Their downstream operations soared, processing 470,600 barrels daily at 92% utilization, fueled by tight global fuel markets. Upstream production dipped slightly due to Firebag maintenance, but overall, Suncor proves integrated oil giants are thriving amid volatility, with refining margins and global demand keeping profits strong.
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