Insight
Canada oil sands: earnings steady in Q2 2021
Report summary
Q2 production held steady, with decreases due to planned maintenance. Rail remained muted in the quarter, as differentials tightened compared to Q1. Prices improved, which led to positive earnings announcements for the large oil sands players. Five companies posted net earnings of nearly Cdn$3.1 billion for Q2. Strong results have allowed debt to be paid down and companies continue to strengthen balance sheets and focus on shareholder returns.
Table of contents
- Executive summary
- Benchmark crude prices
- WCS price performance
- Bitumen and SCO realisations
- In situ production
- Mining production
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Other topics
- Crude-by-rail
- Earnings help to drive down debt
- Oil sands Pathways to Net Zero
- JACOS Hangingstone acquired
- Restarted small-scale projects
Tables and charts
This report includes 9 images and tables including:
- Benchmark prices
- Benchmark price performance
- Historical WCS pricing
- Realised pricing
- In situ projects producing >40kbd
- In situ projects producing <40kbd
- Mining project production
- Crude-by-rail
- Debt changes
What's included
This report contains:
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