Cenovus Energy posts massive upswing in profit as second quarter net earnings reach $2.4B
Revenue for the three months ended June 30 was $19.2 billion, up from $10.58 billion in the second quarter of 2021.
Total production reached 761,500 barrels of oil equivalent per day, down from 765,900 boe/d in the prior year period.Canada capable of increasing oil production, but market access and pipelines still a big issue – Mar 24, 2022 Alex Pourbaix, Cenovus president and CEO, says the company executed on its commitment of returning 50 per cent of excess free funds flow to shareholders in the quarter.
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