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Varcoe: 'It's impressive': Oilsands giants smash records, climb list of world's biggest producers For Alberta, the big takeaway is that healthy growth in oil production continued during 2025, and output has more than doubled since 2010, led by the oilsands

10 0
05.02.2026

For Alberta, the big takeaway is that healthy growth in oil production continued during 2025, and output has more than doubled since 2010, led by the oilsands

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Setting records will grab attention, and the Canadian oil sector is putting up some mighty big numbers to jump-start 2026.

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Canadian oilsands giant Suncor Energy released its fourth-quarter results on Tuesday, reporting daily production of 909,000 barrels (bpd) during the final three months of the year, 34,000 bpd higher than its previous quarterly record.

Analysts expect Cenovus Energy could eclipse the production mark of one million bpd in 2027, following its November takeover of MEG Energy and ongoing growth initiatives.

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And Canadian Natural Resources recently released production guidance of 1.62 million boe per day in 2026, which would be up three per cent from 2025 levels.

At Suncor, the company continues to set upstream and downstream records, as it prepares for its next investor day in March.

It’s........

© Edmonton Journal