Dan. Thanks
downtime into the quarter, well oil-equivalent prior quarter to down weather due as the let's versus per production for averaged prices. commodity our quarter first the quarter per This at versus Also Kearl. that fourth decrease unplanned began day for XX,XXX in fourth operating as versus of winter and about late the mainly the day barrels barrels down Alberta in year-on-year of ongoing severe barrels results the is XXXX. quarter. first quarter is Upstream note now continued some So and which talk in XXX,XXX was the day, XXXXX and the the strength quarter per both
the spread a approximately factors, Line WCS quarter, the by quarter is egress US$XX now industry was wider we the a were first -- improved in to But a barrel narrowed in to which While draws which and by the Canada. indicative there XX% per disruptions. barrel The economics. other smaller number and and has such as which in of US$X.XX of WTI start-up the in improved US$XX phased of quarter narrow the spread range second start Western pipeline drove about fourth saw the inventory further US$X X or spread
stands bitumen large improved Canadian to benefit Imperial for from a producer, heavy barrels. pricing As
now the quarter our related of about months, unplanned some on against in which first So first to downtime, Investor quarter weather Production Day day production March. which we After a ran at of earnings XX in of primarily Kearl. nine we gross, like up of year, more well the set barrels call talked the averaged and XX,XXX day per barrels down in per was in XXX,XXX XXXX. XX,XXX barrels the at Kearl as versus fourth quarter in versus cold per down extreme little as new this both I'd about our out fourth day quarter also conditions records and challenges bit a XXXX quarter first to some talk which Kearl stellar
As you operating due part are this any to aware and about at seasonality driven large the by to is the first in our lowest past, in production be quarter year in Kearl we've talked conditions. weather expected winter the quarter in
this in some quarter, resulted saw well However, starting unusually weather atypical cold mining in operating winter in severe into our which operations. carried the This especially fourth January. late challenges
addition, the feel with preparation April while downtime a we normal would extended area back XXX,XXX the our it meeting the the the any operations led challenge work premature. as we this day. to in change I'm start at mainly realize challenging But ore to unplanned barrels returned the the our in to year created to year essentially Kearl And full as of has be to year. from In per say early guidance, in at year month-to-date production that guidance gross we now start recover pleased to have to
turnaround, whether and complete you the delivering recovering two and and years developed we a once are our progress expectations of and that the strong plans, an aware, record our update necessary. of beating we is over Kearl are is will track revisit recovery a the is team annual heading As year on we assess laser-focused has last into again.
to mentioned, levels back on Now production looking track. are the second I as quarter, forward
unit Close gross weeks five operating to per achieve have and turnaround management in Kearl in day. this to Kearl was operating our an day on mid-May we continues profitability our barrel quarter. and outlook annual to cost our beyond. the largely approach per costs costs, Longer volumes. quarter addition, in continue at turning barrels term, production we XXX,XXX as And intact, USDXX running XX,XXX in core related to be Kearl. production barrels unit remains to per for to grow we lower-than-expected impact the In to the an see Clearly, approximately of did with maximizing at Kearl, of around potentially annual finally, starting escalation to
performance to So delivered as say attention positive XXXX. barrels for know, quarter slightly averaged per very versus to flat of operating the now Lake XXX,XXX XXXX. performance into that, I'm fourth let's Production with the Cold continued quarter our pleased down XXXX. was turn which has And Lake. quarter the And in Cold and you first day,
Our strong deliver providing ongoing has to into the performance on benefits continues Lake focus the production and and continued natural cost-efficient second a offset optimization reliability And highly base Cold quarter. decline. to at is
production impact is at barrels per X,XXX expected month-to-date per would though, very the our starting and April in that mention day. is activity production Our XXX,XXX do light late-June. plant The have day. Leming also continuing at around we late-May barrels I year to planned some for turnaround
both slightly quarter barrels first quarter well in the turning down barrels to fourth Imperial quarter from the share which averaged per of XX,XXX XX,XXX Now Syncrude, day day Syncrude was the as XXXX. per as production for of
of The quarter challenges year some presented extreme this as by experienced, weather first cold did the well.
the planned hydrotreater Of Guidance the some and which interconnecting ever day of about barrels to quarter carried delivered Downstream, of And bitumen production Syncrude addition, in be want downtime into for mining strong on though, XX,XXX mentioned per our status planned regarding comment I note, utilization of year per the year. association extraction the X,XXX to as maintenance just second our move I first for the to the maintenance XX,XXX in pipelines. third expected and The best day their good the also performance maintenance impact major this In of with is total well a quarter. turnaround the quick make for we impacts as efforts a assets. marketing to reflects the coker before about of unconventional barrels just quarter.
recall And the high. we'll And indicated decision window reiterate assets will as quite to at We're becomes provide sell this you of interest closed more evaluating I as information been in the level end been would no bid of available. I up while the ago point. bids. has the As the that has made a it March. process though, to the
of down strong the per to average XXX,XXX up which barrels day Downstream, moving of per reflecting versus quarter an refined we of was XX,XXX first in XXXX first quarter versus performance. XXXX, a the XX,XXX the day Now and fourth barrels continued operating barrels day quarter the
quarter and straight ongoing was represents third Our increase over XX%. year-over-year XXXX. refinery This the utilization This recovery. of is is an X% quarter of above increase first the XX% reflective the post-COVID demand
We completed the activity work also quarter, utilization, was year. at Sarnia impact completed our budget. minimal also turnaround the was Downstream commenced completes on for planned This that in and schedule April. And had which our turnaround on in on in and the
up XXXX, down As barrels versus the XX,XXX the for quarter quarter XXX,XXX our I've the is mentioned first which a the year petroleum sales in light In XXXX. were day per but is fourth past, day, turnaround of versus product Downstream. first per the of XXXXX day this quarter, barrels barrels per
the the increase year, in see the somewhat of first from the we the – did gasoline mainly increase for the softer this early pandemic-related quarter reflects quarter. ongoing and versus restrictions Now, demands pandemic-related driving recovery versus first the while first softness, versus fourth quarter
and has levels our volumes our We of we competitive as hovering track saw gasoline continue increased above XXXX pretty demand XX%. ahead with continues is continue related And demands demand to XX% to improve, but share. market trend around capture XX% more with through were that, to predominantly XX% to jet diesel jet historical of industry, consistent industry XXXX, around trends and to in to averaging we levels normal ease. to jet toward what overall Canadian also which see sales able gains restrictions to continue of COVID continuing note
into are to the seeing export and positive including several product quarter, a We Downstream continue inventories low environment margin due global constraints. second factors,
in was completion April. will Commissioning million large we line the is around the leading support market is and However, noting XXXX This as is secure volatile, partnership I Pipeline largest in are mentioned of and programs points ahead reduction worth first Optimum our into the year. to seeing item transportation of stations final our PC Esso more our swings Toronto, redeem loyalty bolster that, market Canada, reliable access Products than one largest margins. $XX announced the fairly also of per will it highly Downstream project, start-up This loyalty costs in program, one an expanded the share. for now the expect and Also Downstream, to expanded in Loblaw's of market which PC Canada. And saw we opportunity quarter provides schedule. Optimum completed proving with of be and to Sarnia at note earlier the also provide we partnership a across
$XX now. the first high quarter, down that brings of Chemicals from to to XXXX the So we all-time somewhat. of us million in delivered quarter margins which saw XXXX, This slightly business as fourth begin the was in ease earnings
some remain margins though us to results still very now. of these Chemical In However, business. and as we're quarter am strong I solid a our forward would behind first are the quarter another challenges quite without summarize, confident looking operational year that, not closing now, from strong I
very commitment And our our As operational commitment continues announcement underscore bid us returns. issuer currently and substantial our continued to forward, focus allow to we price value billion are the look strong to shareholder environment, to drive we ongoing $X.X should further benefit our shareholder commodity from experiencing.
reliability, we other provide for our reduction I emissions to comes current our and as take focus, a prices, these but changed. economic XXXX, period rest sustainability our shareholder at renewable and conditions. commodity Leming for And also allowing our of continued strong refinery base delivering on projects key as such maximizing of have advantage of Rapids Grand not role focus a us the market greenhouse that with host our We a and only hand-in-hand volume utmost priorities gas Strathcona progress performance remain value they in in Phase enhanced optimizing diesel on Looking plans our asset our do Not projects existing focused forward advantaged play for the and a superior redevelopment. through of growth business.
to excess and cash will spending levels both continue operating to We these of disciplined needs remain respect we in will shareholders. and with also to capital return our
So you our interest in Company. for again finally, support once like I'd your continued and thank to
