Cenovus profit slips 4% in Q3

Canadian oil sands player Cenovus saw net profit slip by 4% to $354 million in the third quarter compared to the same period last year despite higher production as lower refining earnings and lower oil prices ate into increased cash flow.

Oil sands increase: Cristina Lake and Foster Creek, above, lift Cenovus output
Oil sands increase: Cristina Lake and Foster Creek, above, lift Cenovus output
Published 23 October 2014, 10:45Updated 11 October 2016, 16:06
Americas