Suncor Targets 870,000 bpd in 2026 as Oilsands Output Surges [Yahoo! Finance]
Canadian Natural Resources Limited (CNQ)
Last canadian natural resources limited earnings: 3/5 05:00 am
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Source: Yahoo! Finance
The Calgary-based producer said Thursday it expects upstream production to rise to 840,000–870,000 barrels per day, up from its 2025 range of 810,000–840,000 bpd, positioning the company for its strongest output in years. The increase will be supported by major turnaround activity at Firebag and scheduled maintenance at Base Plant, Syncrude, and Fort Hills, as well as continued optimization across Suncor's refining network. Downstream utilization is expected to average 99% to 102%, reflecting materially improved reliability—one of the core goals set by CEO Rich Kruger since taking over in 2023. Capex is set to decline slightly next year, falling to C$5.6–C$5.8 billion, from C$6.1–C$6.3 billion in 2025. Spending will continue to focus on high-return oilsands projects, including in-situ well pads, Mildred Lake East, Fort Hills North Pit development, and the West White Rose project offshore Newfoundland, as well as the ongoing Petro-Canada retail network optimization. Suncor also c
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CNQ
Sec Filings
- 12/5/25 - Form 6-K
- 11/6/25 - Form 6-K
- 11/6/25 - Form 6-K
- CNQ's page on the SEC website