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Company News

Encana's profit slips 7 pct as production falls

Nov 8 (Reuters) - Canadian oil and gas producer Encana Corp’s profit fell 7.3 percent in the third quarter, hurt by lower oil and gas production.

The Calgary-based company said on Wednesday its net profit slipped to $294 million or 30 cents per share in the quarter ended Sept. 30, from $317 million or 37 cents per share, a year earlier.

Total oil and gas production fell to 284,000 barrels of oil equivalent per day (boe/d) from 338,000 boe/d a year ago, Encana said. (Reporting by Anirban Paul in Bengaluru; Editing by Sai Sachin Ravikumar)

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