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Company News

Canada's Cenovus Energy posts second-quarter loss

July 26 (Reuters) - Canadian oil producer Cenovus Energy reported a quarterly loss, hit by a fall in its cash flow.

The company’s net loss was C$410 million ($314.44 million), or 33 Canadian cents per share, in the second quarter ended June 30, compared with a profit of C$2.56 billion, or C$2.30 per share, a year earlier.

Total production rose 61 percent to 518,530 barrels of oil equivalent per day.

Cash from operating activities was C$533 million, compared with C$1.2 billion a year earlier. ($1 = C$1.30) (Reporting by Laharee Chatterjee in Bengaluru; Editing by Maju Samuel)

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