Cenovus Profit Rises on Record Production and Margins
Cenovus Energy posted a higher third quarter profit driven by record oil production surpassing one million barrels per day. Stronger refining margins also boosted profitability despite planned maintenance at US facilities.
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Cenovus Energy posted a net profit of C$3.36 billion ($2.40 billion) during the third quarter, driven by record production volumes across oil sands operations in Canada.
