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Cenovus Energy posted a rise in second-quarter profit on Thursday, as the Canadian oil and gas company benefited from higher throughput volumes and an increase in production.
CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered strong operational performance across its portfolio in the second quarter of 2024, with solid production from its upstream assets and improved crude throughput at the company's U.S. refineries, which operated at an overall utilization rate of 93%. Net debt was $4.26 billion at June 30, 2024, and in July the company achieved its net debt target of $4.0 billion. As a result, beginning in the third quarter, Cenovus will begin returning 100% of excess free funds flow (EFFF) to shareholders, as per the company's shareholder returns framework.
CALGARY, Alberta, July 25, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its second-quarter 2024 results on Thursday, August 1. The news release will provide consolidated second-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com.
Cenovus (CVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Cenovus Energy (CVE) states that its operations remain unaffected at the Sunrise facility, although it is demobilizing staff that is not directly involved in operations.
ALAMEDA, Calif.--(BUSINESS WIRE)-- #CVE--Wind River®, a global leader in delivering software for mission-critical intelligent systems, today announced that it has been authorized by the Common Vulnerabilities and Exposures (CVE) Program as a CVE Numbering Authority (CNA). Wind River now joins the mission of the CVE Program to identify, define, and catalog publicly disclosed cybersecurity vulnerabilities. “As industries transform toward a more connected and intelligent world, the threat landscape is ra.
CALGARY, Alberta, June 20, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE), as a member of Pathways Alliance, today issued the following statement with respect to the Canadian government's Bill C-59.