SUNCOR NET LOSS $735 MLN
SUNCOR published highlights of the second quarter of 2016 include:
- Cash flow from operations of $916 million ($0.58 per common share).
- Operating loss was $565 million ($0.36 per common share), driven by the shut in of Oil Sands production in response to the forest fires, combined with low benchmark prices for crude oil. Net loss was $735 million ($0.46 per common share).
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