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Suncor Energy Inc, Canada’s second-largest oil and gas producer, said on Wednesday its profit nearly tripled in the second quarter due to a deferred income tax gain of $1.12 billion.

Net profit rose to $2.7 billion, or $1.74 per share, in the three months ended June 30, from $972 million, or 60 cents per share, a year earlier.

Suncor’s total production rose to 803,900 barrels of oil equivalent per day (boepd), from 661,770 (boepd) in the second quarter of 2018.

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Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 30/05/24 9:43am EDT.

SymbolName% changeLast
SU-T
Suncor Energy Inc
+0.95%54.99
SU-N
Suncor Energy Inc
+1.06%40.13

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