Cenovus Energy reports Q4 profit and revenue down from year ago
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Hey there, time traveller!
This article was published 20/02/2025 (291 days ago), so information in it may no longer be current.
CALGARY – Cenovus Energy Inc. reported its fourth-quarter profit and revenue fell compared with a year ago as it saw lower oil and natural gas prices.
The company says it earned $146 million or seven cents per diluted share for the quarter ended Dec. 31, down from $743 million or 32 cents per diluted share in the final three months of 2023.
Cenovus says its adjusted funds flow amounted to 87 cents per diluted share in its latest quarter, down from $1.08 per diluted share a year earlier.
Cenovus Energy logos are on display at the Global Energy Show in Calgary, Alta., Tuesday, June 7, 2022.THE CANADIAN PRESS/Jeff McIntosh
Revenue totalled $12.8 billion, down from $13.1 billion a year earlier.
Total upstream production for the quarter amounted to 816,000 barrels of oil equivalent per day, up from 808,600 a year earlier.
Downstream throughput amounted to 666,700 barrels per day, up from 579,100 in the fourth quarter of 2023.
This report by The Canadian Press was first published Feb. 20, 2025.
Companies in this story: (TSX:CVE)