Cenovus Energy Reports Record Q3 Profit of $1.29B, Up from $820M Last Year

Cenovus Energy reported a Q3 profit of $1.29B, up from $820M a year ago, with record production of 832,900 barrels of oil equivalent per day and downstream crude throughput of 710,700 barrels per day. Revenue was $13.20B, down from $13.82B last year. The company's CEO, Jon McKenzie, attributed the success to safe, reliable, and cost-effective operations. The proposed takeover of MEG Energy Corp. is expected to be approved with over 83% of shares in favor.