Cenovus Energy posts profit in second quarter [Business News Network (BNN) Energy & Resources (Canada)]
Cenovus Energy Inc (CVE)
Last cenovus energy inc earnings: 4/29 06:00 am
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Source: Business News Network
Cenovus Energy posts profit in second quarter Oil producer Cenovus Energy Inc reported a profit in the second quarter, compared to a year-ago loss, helped by its recent purchase of ConocoPhillips' Canadian oil-sands assets. Cenovus reported a net profit of $2.64 billion, or $2.37 per share in the second quarter ended June 30, compared with a loss of $267 million or 5 Canadian cents per share, a year earlier. Production jumped 65 per cent to 436,929 barrels of oil equivalent per day, Cenovus said.
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