Suncor Energy (TSE:SU) has released an update.
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Suncor Energy has achieved a strong start to 2024 with a record-breaking first quarter, generating $3.2 billion in adjusted funds from operations and $1.8 billion in adjusted operating earnings. The company saw an all-time high in production with 835,000 barrels of oil per day, including a significant increase in Oil Sands production and high refinery utilization. Additionally, Suncor has returned $1 billion to its shareholders, reinforcing its commitment to profitability and shareholder value.
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