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Canada oil sands: records smashed in Q2 2022

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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
    • 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 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
  • Corporate cash distributions since 2020
  • Percentage of operating costs from energy/fuel

What's included

This report contains:

  • Document

    Canada Oil Sands Q2 2022.xlsx

    XLSX 453.64 KB

  • Document

    Canada oil sands: records smashed in Q2 2022

    PDF 1.02 MB