Cenovus reports second quarter profits down, lowers upstream production guidance

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Calgary\u002Dbased Cenovus Energy reported a second\u002Dquarter profit of $866 million, down from $2.4 billion in the same quarter last year.

Photo by Jeff McIntoshCenovus Energy has been able to restore almost all of its output in northwest Alberta it temporarily curtailed due to wildfires in May and June, but the company has still had to lower its overall production guidance for the year because of the blazes.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account and fewer ads.

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