From GlobeNewswire: 2024-08-01 06:00:00

Cenovus Energy Inc. achieved strong operational performance in Q2 2024, with production from upstream assets and improved crude throughput at U.S. refineries. Net debt was $4.26 billion, reaching the target of $4.0 billion, leading to 100% excess free funds flow to be returned to shareholders starting Q3. Revenues were $14.9 billion, with total operating margin of $2.9 billion. Upstream production was 800,800 BOE/d, and downstream throughput was 622,700 bbls/d. Cash from operating activities was $2.8 billion, adjusted funds flow was $2.4 billion, and free funds flow was $1.2 billion. Net earnings were $1.0 billion, long-term debt was $7.3 billion, and net debt was $4.26 billion.



Read more at GlobeNewswire:: Cenovus announces second quarter 2024 results