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Canada's Cenovus Energy posts higher first-quarter profit

ReutersMay 6, 2026 10:04 AM
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- Canadian oil and gas producer Cenovus Energy CVE.TO posted a rise in first-quarter profit, helped by record upstream production.

The Calgary, Alberta-based company's net earnings rose to C$1.57 billion ($1.14 billion), or 83 Canadian cents per diluted share, in the three months ended March 31, from C$859 million, or 47 Canadian cents per share, a year earlier.

($1 = 1.3717 Canadian dollars)

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