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Company News

Suncor Energy posts quarterly loss on oil market rout

July 22 (Reuters) - Canadian oil and gas producer Suncor Energy Inc posted a quarterly loss on Wednesday, hit by a sharp fall in oil prices due to the COVID-19 pandemic and OPEC+ supply issues.

Calgary, Alberta-based Suncor posted a loss of C$614 million ($458 million), or 40 Canadian cents per share, in the second quarter ended June 30, compared with a profit of C$2.73 billion, or C$1.74 per share, a year earlier. (Reporting by Arundhati and Shradha Singh in Bengaluru; Editing by Maju Samuel)

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