Cenovus Energy Inc. (CVE) on Wednesday reported higher first-quarter profit.
Net earnings increased to C$1.570 billion or C$0.83 per share from C$859 million or C$0.47 per share a year earlier.
Adjusted funds flow rose to C$3.377 billion or C$1.80 per share from C$2.212 billion or C$1.21 per share last year.
Revenue was C$15.014 billion, down from C$16.051 billion in the previous year.
Upstream revenues were $9.4billion, and Downstream revenues were $5.6billion.
The company said it has reached highest ever quarterly Upstream production of 972,100 BOE/d, an increase of 19% year over year.
The Board has declared a quarterly base dividend of C$0.22 per share, payable on June 30, 2026, to shareholders of record on June 15.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.