Suncor Energy Inc. (SU.TO,SU) reported fourth quarter net earnings of C$457 million, or C$0.29 per share, compared to a net loss of C$215 million, or C$0.24 per share for the fourth quarter of 2008. The company noted that the three and twelve month amounts ending December 31, 2009 reflect results of the post-merger Suncor from August 1, 2009 together with results of legacy Suncor only from January 1 through July 31, 2009. The comparative figures reflect solely the 2008 results of legacy Suncor.
Operating earnings were C$323 million or C$0.21 per share, compared to C$14 million or C$0.02 per share in the fourth quarter of 2008.
Suncor's total upstream production during the quarter averaged 638,200 barrels of oil equivalent, or boe, per day, including additional production of 325,600 boe per day resulting from the merger. Upstream production from Suncor's legacy oil sands and natural gas operations averaged 312,600 boe per day, compared to 279,400 boe per day in the fourth quarter of 2008.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.