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flag Cenovus Energy's Q4 2024 profit surged to $934 million, up from $146 million, due to higher oil production and expanded markets.

flag Cenovus Energy reported a sharp rise in fourth-quarter 2024 profit, reaching $934 million, or 50 cents per share, up from $146 million, or 7 cents, a year earlier, driven by higher upstream production of 917,900 barrels of oil equivalent per day. flag Despite a decline in downstream throughput to 465,500 barrels per day, the company’s strong performance in Canada’s oil sands and expanded global market access contributed to improved profitability.

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