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Canada's Cenovus Energy posts lower second-quarter profit

ReutersJul 31, 2025 10:05 AM

- Canadian oil and gas producer Cenovus Energy CVE.TO posted a fall in second-quarter profit on Thursday, hurt by lower upstream production due to the impact from wildfires.

The Calgary, Alberta-based company's net income fell to C$851 million ($614.57 million), or 45 Canadian cents per share, in the three months ended June 30, from C$1.0 billion, or 53 Canadian cents per share, a year earlier.

($1 = 1.3847 Canadian dollars)

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