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BUZZ-Cenovus Energy falls after lower fourth-quarter profit

ReutersFeb 20, 2025 12:04 PM

U.S.-listed shares of Canadian oil and gas producer Cenovus Energy CVE.N fall 8.4% to $14.32 premarket

Company's fourth-quarter profit falls ~80% from a year ago due to lower commodity prices and weak refining margins

Q4 profit falls to C$146 million ($102.78 million), or 7 Canadian cents/share, from C$743 million, or 32 Canadian cents/share, a year earlier

As of last close, shares up 2.2% YTD

($1 = 1.4205 Canadian dollars)

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