“Whereas Q2 2024 was about executing major planned maintenance activities and building momentum, Q3 2024 was about performing and delivering on commitments, which is exactly what Suncor did,” said Rich Kruger, president and CEO, Suncor Energy. “Exceptional results were achieved across the company in asset reliability and cost management. Our continually improving performance is a direct result of our people and their expertise, commitment, and determination to deliver.”

Total oil sands bitumen production increased to 909,600 bbls/d in Q3 2024, compared to 787,000 bbls/d in Q3 2023, primarily due to the company’s increased interest in Fort Hills and strong mining performance. The Oil Sands Base upgrader utilization was 94% and Syncrude was a record 104%, compared to 83% and 97%, respectively, in Q3 2023.

Non-upgraded bitumen production increased to 262,200 bbls/d in Q3 2024, compared to 176,800 bbls/d in Q3 2023. Suncor cited continued strong production at Firebag following a reduction of production early in the quarter to safely manage regional wildfire impacts, and lower demand for upgrader feedstock from Firebag due to strong mining performance in the current quarter.