Canada's Cenovus Energy posts higher first-quarter profit

Cenovus Energy Incorporation

06/05/2026 11:04

May 6 (Reuters) - 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)

 (Reporting by Khusbu Jena in Bengaluru; Editing by Leroy Leo)

 ((Khusbu.Jena@thomsonreuters.com;))