CALGARY — Suncor Energy Inc. says it earned $818 million in the fourth quarter of 2024, down from $2.82 billion a year earlier, as it saw upstream production rise. The Calgary-based oil giant says the earnings worked out to 65 cents per common share, down from $2.18...
EDMONTON — With U.S. tariffs on Canadian goods set to begin Tuesday, business groups say even the reduced tariff on Canadian energy will damage economies on both sides of the border. U.S. President Donald Trump signed an executive order Saturday to put a 25 per cent...
By Sammy Hudes The chief executive of Imperial Oil Ltd. says he hopes Canada can avoid potential tariffs from the U.S. on energy products, but believes his company should be well-positioned to withstand the negative effects. Speaking Friday on the company’s...
CALGARY — Imperial Oil Ltd. raised its quarterly dividend as it reported a fourth-quarter profit of $1.23 billion, down from $1.37 billion in the same quarter last year. The company says the profit amounted to $2.37 per diluted share for the quarter ended Dec. 31,...
By Kelly Geraldine Malone WASHINGTON — Experts say U.S. President Donald Trump’s push for the OPEC+ alliance of oil exporting countries to bring down the cost of oil conflicts with the Republican leader’s own plans to make America energy-dominant. Trump...
