financetom
Business
financetom
/
Business
/
Cenovus Energy posts higher first-quarter profit
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cenovus Energy posts higher first-quarter profit
May 1, 2024 3:28 AM

May 1 (Reuters) - Cenovus Energy ( CVE ) posted a rise

in first-quarter profit on Wednesday, as the Canadian oil and

gas firm benefited from higher production and throughput

volumes.

The Calgary, Alberta-based firm's reported net income rose

to C$1.2 billion ($871.46 million), or 62 Canadian cents per

share, from C$636 million, or 32 Canadian cents per share, a

year earlier.

($1 = 1.3770 Canadian dollars)

(Reporting by Kabir Dweit in Bengaluru; Editing by Sriraj

Kalluvila)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2024 - www.financetom.com All Rights Reserved