India, Nov. 3 -- Suncor Energy Inc. (SU) on Tuesday said its profit for the third quarter more than doubled, driven largely by higher upstream price realizations, stronger downstream margins and increased high-value global export sales.
Net earnings rose to C$3.81 billion, or C$3.27 per share, from C$1.62 billion, or C$1.34 per share, in the prior-year quarter.
Adjusted operating earnings climbed to C$4.63 billion, or C$3.97 per share, from C$1.79 billion, or C$1.48 per share.
Adjusted funds from operations increased to a record C$6.71 billion from C$3.83 billion.
Total upstream production was 852,500 barrels per day, compared with 870,000 barrels per day a year earlier. Refined product sales reached a third-quarter record of 676,900 ba...