Cenovus Energy Reports $1.29B Q3 Profit, up From $820M a Year Ago

The plant—where steam is created, water is processed, and bitumen is diluted and prepared to go for further processing—at the Cenovus Christina Lake oilsands facility southeast of Fort McMurray, Alta., on April, 24, 2024. The Canadian Press/Amber Bracken

Cenovus Energy Inc. reported a third-quarter profit of $1.29 billion, up from $820 million a year ago, as it saw record production.

The company says its profit amounted to 72 cents per diluted share for the quarter ended Sept. 30, up from 42 cents per diluted share a year earlier.