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-0.00038979650329598 0 0.00286615075952999 0.00315276583548293 0.0014330753797651 0.0051590713671539 0.00343938091143607 -0.000286615075952938
Stock impact report

Cenovus (CVE) Tops on Q4 Earnings, Expects '24 Production Hike [Yahoo! Finance]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: cenovus.com/disclaimerir
Company Research Source: Yahoo! Finance
The bottom line is in line with the year-ago quarter's 29 cents. Total quarterly revenues of $9.65 billion missed the Zacks Consensus Estimate of $9.73 billion. The top line also declined from the year-ago quarter's $10.36 billion. Strong quarterly earnings can be primarily attributed to higher contributions from the Oil Sands unit and lower expenses. Operational Performance Upstream The quarterly operating margin from the Oil Sands unit was C$1.96 billion, increasing from the C$1.64 billion reported a year ago. In the December-end quarter, the company recorded daily oil sand production of 612.6 thousand barrels, up 0.5% year over year primarily due to higher contributions from its Foster Creek and Sunrise operations. The operating margin at the Conventional unit was C$123 million, down from C$248 million in the year-ago quarter. In the fourth quarter, the company's daily liquid production of 28.9 thousand barrels declined 12.2% year over year. The Offshore segment gen Show less Read more
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