Suncor's Q2 net profit increases more than fourfold year over year

Suncor Inc. says it earned $3.99 billion in the second quarter of 2022, or $2.84 per common share, more than four and a half times the $868 million it earned in the same period of 2021. The Calgary-based oil producer and refiner, which reported after markets closed Thursday, says its adjusted funds from operations hit $5.35 billion in the quarter, the highest in the company's history by 33 per cent. Production from the company's oilsands assets increased to 641,500 barrels per day in the second