Suncor Books $3.53 Billion Q1 Net Loss As Impacts Of COVID-19, Price War Hit Hard

Suncor Energy Inc. booked a first quarter net loss of $3.53 billion compared to net earnings of $1.47 billion a year earlier as operations were impacted by the significant weakness and volatility in commodity prices as a result of the COVID-19 pandemic and OPEC+’s initial plan to increase production.

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