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Suncor earns $1.88 billion in Q2; takes restructuring charge related to layoffs
- Suncor Energy Inc. reported a decrease in earnings, earning $1.88 billion in the second quarter of 2023 compared to approximately $4 billion in the same period last year.
- The company incurred a $275 million restructuring charge in the quarter due to its plans to cut 1,500 jobs by the end of the year.
- Despite the decrease in earnings and the cybersecurity incident in June, Suncor's total upstream production increased and its refinery crude throughput and utilization improved compared to the prior year's quarter.
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25 Articles
25 Articles
Suncor earns $1.88 billion in Q2; takes restructuring charge related to layoffs
CALGARY — Suncor Energy Inc. says it earned $1.88 billion in the second quarter of 2023, down from approximately $4 billion in the same period last year when oil prices were higher.
·Bradford West Gwillimbury, Canada
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Coverage Details
Total News Sources25
Leaning Left20Leaning Right0Center3Last UpdatedBias Distribution87% Left
Bias Distribution
- 87% of the sources lean Left
87% Left
L 87%
13%
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