Cenovus Energy Q4 Earnings Skyrocket on Record Production

Cenovus Energy on Thursday reported a surge in fourth-quarter net earnings from a year earlier as its upstream production rose by 5% on the year to hit a record high. Cenovus Energy’s net earnings jumped to US$683 million (C$934 million) for the fourth quarter, up from US$107 million (C$146 million) for the same period of 2024. The fourth-quarter operating results included record upstream production of 917,900 barrels of oil equivalent per day (boe/d), and downstream crude throughput of 465,500 barrels per day (bpd), representing…