Suncor sees profits jump 10%

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Suncor sees profits jump 10%

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(Suncor's oil sands site north of Fort McMurray.)
Suncor Energy reporting a 10% spike in four quarter profits.

Canada's largest oil and gas company earned $1.4 billion in the final quarter of 2011, up from $1.3 billion in the same time frame last year.

The increase came as a result of higher crude prices.

Oil sands output averaged 326,500 barrels per day in Q4, a slight increase over 2010.

Suncor has also restarted production at three of its five fields in Libya, while its operations in Syria, remain suspended.
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Suncor sees profits jump 10%

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