Cenovus Energy Q1 Profit Rises on Record Production
Cenovus Energy posted a first-quarter profit of C$1.57 billion, up from C$859 million a year ago. The result was driven by record upstream production levels.
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Cenovus Energy Inc grew its first-quarter profit to C$1.57 billion ($1.14 billion) following record upstream production. The results nearly double the C$859 million earned during the same period last year. The producer's strong operational output is driving higher returns as it optimizes its North American asset base.
