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Cenovus Energy Inc. reported a third-quarter profit $1.29 billion, up from $820 million a year ago, as it saw record production.
The company says its profit amounted to 72 cents per diluted share for the quarter ended Sept. 30, up from 42 cents per diluted share a year earlier.
Revenue was $13.20 billion, down from $13.82 billion in the same quarter last year.
Total upstream production for the quarter was 832,900 barrels of oil equivalent per day, up from 771,300 in the third quarter last year.
Downstream crude throughput totalled 710,700 barrels per day, up from 642,900 a year earlier.
The financial results came a day after a shareholder vote on the company’s proposed takeover of MEG Energy Corp. was delayed another week to Nov. 6 to address a last-minute “regulatory inquiry.”
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