Cenovus Energy gains on higher second-quarter profit

Cenovus Energy Incorporation

29/07/2026 11:26

** U.S.-listed shares of Canadian oil sands producer Cenovus Energy CVE.TO up 4.3% at $28.87 premarket
** Co posts rise in second-quarter profit, helped by higher upstream production
** Net income rises to C$2.87 billion ($2.04 billion), or C1.53 per share, in the three months ended June 30, from C$851 million ($603.67 million), or 45 Canadian cents per share, a year earlier
** Total upstream production was 970,400 barrels of oil equivalent per day (boepd) in the second quarter, up from 765,900 boepd a year earlier
** Increases full-year upstream production forecast by 25,000 boepd to between 970,000 and 1.01 million boepd
** As of last close, stock up 63.4% YTD
     
($1 = 1.4102 Canadian dollars)

(Reporting by Pranav Mathur in Bengaluru)
((Pranav.Mathur@thomsonreuters.com;))