Canada's Cenovus Energy second-quarter profit falls on lower production
Wildfires across Alberta in May disrupted operations for several oil producers such as Cenovus, Canadian Natural Resources and MEG Energy, prompting temporary shutdowns and evacuations at multiple sites.
Cenovus said its total upstream production was 765,900 barrels of oil equivalent per day in the quarter, down from 818,900 boepd a year earlier.
The Calgary, Alberta-based company's net income fell to C$851 million ($614.57 million), or 45 Canadian cents per share, in the three months ended June 30, from C$1.0 billion, or 53 Canadian cents per share, a year earlier.
($1 = 1.3847 Canadian dollars)
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