Insight
Canada oil sands: records smashed in Q2 2022
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The second quarter of 2022 was one for the record books for net earnings. Oil sands operators have reaped the benefit of higher prices, while at the same time also faced the rising cost of natural gas as an operating costs against operations. As has been the case for several quarters, focus has remained on returning value to shareholders through debt reduction, share re-purchases and increased dividends.
Table of contents
- Executive summary
- Benchmark crude prices
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Other topics
- Oil sands projects become cash flow machines
- Operating costs grow
- Oil sands groups merge under Pathways Alliance
- Oil companies fire back at proposed federal emissions targets
Tables and charts
This report includes the following images and tables:
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Benchmark pricesBenchmark price performanceHistorical WCS pricing
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Realised pricingIn situ projects producing >40kbdIn situ projects producing <40kbdMining project productionCorporate cash distributions since 2020Percentage of operating costs from energy/fuel
What's included
This report contains:
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