
Suncor Energy reported a strong third-quarter performance, exceeding profit estimates due to increased production and operational improvements. The company announced plans to return all excess cash to shareholders after achieving its debt target ahead of schedule. Suncor's shares rose by 2.18% in premarket trading following the earnings report. Meanwhile, Power Corp. saw its third-quarter earnings decline to $371 million year-over-year. In the refining sector, Glencore's Chandra refinery in Singapore is set to earmark approximately 20% of its output for Shell, with the sale of Shell's Singapore refinery expected to close in the first quarter of 2025, pending regulatory approval. Additionally, Colombia's Ecopetrol reported a 28% decline in third-quarter profit, reflecting broader challenges in the oil market.
Top 3 US refiners return $5.2 billion to shareholders in Q3 despite profit slide #oott https://t.co/E3X77xPGc8
Citgo Petroleum's profit falls on weak refining margins #oott https://t.co/x36B9csSZT
Suncor to return all excess cash to shareholders after hitting debt target early https://t.co/HN3ZBLo2qd https://t.co/UovVmJAFmE






