Cenovus Energy (CVE) Tops Q1 EPS by 8c

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Go back to Cenovus Energy (CVE) Tops Q1 EPS by 8c

Cenovus announces 2023 first-quarter results, dividend increase

April 26, 2023 6:01 AM EDT

CALGARY, Alberta, April 26, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered upstream production in the first quarter of 779,000 barrels of oil equivalent per day (BOE/d)1 and downstream throughput of 457,900 barrels per day (bbls/d). The company generated $1.4 billion in adjusted funds flow and cash used in operating activities was $286 million. First-quarter results reflect lower commodity prices, reduced production in the upstream business and lower operating throughput in the downstream compared with the fourth quarter. Consistent with Cenovuss commitment to... More