The increased payment came as Cenovus says its profit amounted to $0.47 per diluted share for the quarter ended March 31, down from $0.62 per diluted share a year earlier.
Cenovus says its adjusted funds flow for the quarter totalled $2.21 billion or $1.21 per diluted for its latest quarter compared with $2.24 billion or $1.19 per diluted share a year ago.
Revenue for the quarter amounted to $13.30 billion, up from $13.06 billion a year earlier.
Total upstream production for the quarter was 818,900 barrels of oil equivalent per day, up from 800,900 boe/d in the same quarter last year. Total downstream crude throughput was 665,400 barrels per day, up from 655,200 barrels per day a year earlier.
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Canadian Tire: Shoppers more resilient in face of tariffs than CEO expected, plus WestJet partnership
Canadian Tire Corp. Ltd. (TSX:CTC)
The tariff fight that has broken out between the U.S. and its trading partners doesn’t appear to be rankling Canadian Tire Corp. Ltd. customers as much as its CEO once expected.
Greg Hicks said shoppers across the Toronto-based company’s banners—Canadian Tire, SportChek, Party City, Mark’s and Pro Hockey Life—appear to be coping well with the higher duties he had worried would weigh heavily on spending.
“Despite low confidence levels, customers have been and remain more resilient than we anticipated,” he told analysts on a conference call Thursday, where he noted even tariff-riddled auto manufacturing communities are showing “no clear signs of softness.”
