Today news
The same in other media
18.05 - 06:55
Suncor reports $3.5 billion in losses due to low oil prices
Reading now: 178
Suncor Energy Inc. is reporting a first-quarter net loss of $3.525 billion mainly due to asset impairments linked to low oil prices, compared with net earnings of $1.47 billion in the same quarter of last year.
The Calgary-based company says it will reduce its quarterly dividend by 55 per cent to 21 cents per share to maintain its financial health in the face of low oil prices due to demand destruction from measures taken to prevent the spread of the COVID-19 pandemic.
It says it will also cut its capital spending plan for 2020 to $3.8 billion, a further reduction of $400 million compared to previous guidance, and down $1.9 billion or about one-third compared to the original 2020 plan.
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
COVID-19
United States
|
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
|
India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
|
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
|