Calgary-based Suncor Energy Inc.’s upstream production during the third quarter climbed from a year ago on strong performance from its oilsands portfolio.

Suncor Energy Earnings

Total production rose to 698,000 boe/d from 616,200 boe/d in 3Q2020, propelled by the northern Alberta facilities, where 91% of the upstream output originates at mines and in-situ underground extraction plants. 

“We continue to execute on our commitment to operational excellence across our assets,” CEO Mark Little said. “During the third quarter of 2021, Suncor once again outperformed the Canadian refining average, achieving 99% utilization at our refineries, and capturing funds from operations that exceeded the comparable 2019 levels in the downstream business.”

Suncor also “completed the largest annual...