Commerce City shutdown eats into Suncor production, profits still exceed expectations

1 year ago 13

DENVER (KDVR) — The Commerce City Suncor refinery's temporary shutdown did make a dent in Suncor's bottom line, but the Canadian oil and gas company still performed better than expected in the first quarter of 2023.

According to Reuters, Suncor's profits outperformed expectations since energy demand has been strong globally. Analysts expected earnings of $1.32 Canadian dollars per share, but the company earned $1.36 Canadian dollars per share instead.

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Still, profits were down in the first quarter of 2023 by n...

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