Cenovus announces fourth-quarter and full-year 2023 results [Yahoo! Finance]
Cenovus Energy Inc (CVE)
Last cenovus energy inc earnings: 4/29 06:00 am
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Source: Yahoo! Finance
The company's upstream assets performed exceptionally well, achieving the second-highest quarterly production rates in Cenovus's history. In its downstream business, the company continued to build operating momentum at its wholly-owned refineries. Upstream and downstream results were negatively impacted by a rapid decline in commodity prices and refinery crack spreads in the quarter. This was compounded by the cost of processing crude oil in the downstream that was purchased in prior periods at higher prices. “As expected, upstream operating performance was excellent through the final months of the year. This period also marked the second full quarter that our full suite of operated refining assets were available to us and I am very pleased with our progress,” said Jon McKenzie, Cenovus President & Chief Executive Officer. “With the work done in 2023, we are well positioned to continue capturing more margin across our businesses.” Fourth-quarter and year-end highlights Achieved
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News
- Cenovus subsidiary fined $1.83 mln for 2018 Canada oil spill [Reuters]Reuters
- Cenovus fined $2.5-million for role in biggest oil spill in Newfoundland and Labrador history [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Cenovus to hold first-quarter conference call and webcast, virtual annual meeting of shareholders on May 1GlobeNewswire
- Here's Why Cenovus Energy (CVE) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
- Canadian Natural: Resilience And Returns Through The Cycle [Seeking Alpha]Seeking Alpha
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- 2/15/24 - Beat
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- 3/27/24 - Form 6-K
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- 3/27/24 - Form 6-K
- CVE's page on the SEC website