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Cenovus studies second quarter income down, lowers upstream manufacturing steering Again to video
The revenue amounted to 44 cents per diluted share, down from $1.19 per diluted share a 12 months earlier, whereas income for the quarter totalled $12.2 billion, down from $19.2 billion in the identical three months of 2022.
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Calgary-based Cenovus says upstream manufacturing within the second quarter was 729,900 barrels of oil equal per day, down from 761,500 a 12 months earlier, as the corporate skilled manufacturing impacts attributable to Alberta wildfire exercise and deliberate upkeep.
Downstream throughput was 537,800 barrels per day in contrast with 457,300 in the identical quarter final 12 months.
In its steering for the 12 months, the corporate says it now expects upstream manufacturing for 2023 to be between 775,000 and 795,000 barrels of oil equal per day, down from its outlook final quarter of between 790,000 and 810,000.
The corporate maintained its steering for downstream throughput to between 580,000 and 610,000 barrels per day.
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