Insight
Canada oil sands: Q1 2022 net earnings top nine billion
Report summary
The first quarter of 2022 was dominated by macro events. Russia’s invasion of Ukraine has caused global supply chain disruptions, impacted energy security in Europe and sent global benchmark prices spiralling upward. Oil Sands producers are feeling the impact both in terms of growing sales revenues and increased energy costs. While oil sands production fell over 150,000 b/d, companies experienced record quarter earnings with focus remaining on returning value to shareholders through debt pay-down, share re-purchases and increased dividends.
Table of contents
- Executive summary
-
Benchmark crude prices
- WCS price performance
- Bitumen and SCO realisations
- In situ production
- Mining production
-
Other topics
- Commitment to shareholder returns continues
- Operating costs grow
- Oil sands net zero pathways
- Elliott takes activist investor position in Suncor
- Suncor Base Mine Extension faces an uphill regulatory approval process
- Long Lake's upgrader rises from the grave
Tables and charts
This report includes 9 images and tables including:
- Benchmark prices
- In situ projects producing >40kbd
- In situ projects producing <40kbd
- Mining project production
- Benchmark price performance
- Historical WCS pricing
- Realised pricing
- Percentage of operating costs coming from energy/fuel
What's included
This report contains:
Other reports you may be interested in
Insight
Canada oil sands: minding maintenance in Q2 2023
Production was down, WCS prices bucked international trends and emissions reduction remains a key focus.
$1,350
Insight
Canada oil sands: further consolidation on weakening fundamentals in Q1 2023
In situ projects Suncor Firebag, CNOOC Long Lake and Connacher’s Great Divide had record production quarters
$1,350
Asset Report
Canada Oil Sands other fields (sub-commercial)
Summaries and project detail on 58 oil sands projects that we hold technical reserves for.
$5,750
