Cenovus reports Q1 profit up from year ago, raises quarterly base dividend
Cenovus logos are displayed at the Global Energy Show in Calgary, Tuesday, June 7, 2022.THE CANADIAN PRESS/Jeff McIntosh
CALGARY -
Cenovus Energy Inc. raised its dividend as it reported a first-quarter profit of $1.18 billion, up from $636 million a year ago.
The company says it will now pay a quarterly base dividend of 18 cents per share, up from 14 cents per share.
Cenovus also declared a variable dividend payment of 13.5 cents per share to shareholders of record on May 17 that will be payable on May 31.
The company says its first-quarter profit amounted to 62 cents per diluted share for the quarter ended March 31, up from 32 cents per diluted share a year earlier.
Revenue totalled $13.40 billion in the quarter, up from $12.26 billion in the first quarter of 2023.
Upstream production in the quarter averaged 800,900 barrels of oil equivalent per day, up from 779,000 a year earlier, while downstream throughput averaged 655,200 barrels per day, up from 457,900 in the same quarter last year.
This report by The Canadian Press was first published May 1, 2024.
CTVNews.ca Top Stories
Canadians feel grocery inflation getting worse, two in five boycotting Loblaw: poll
Almost two-thirds of Canadians feel that inflation at the grocery store is getting worse, a new poll suggests, even as food inflation has been steadily cooling.
Norway, Ireland and Spain say they are recognizing a Palestinian state in a historic move
Norway, Ireland and Spain said on Wednesday they are recognizing a Palestinian state, in a historic but largely symbolic move that deepens Israel’s isolation more than seven months into its grinding war against Hamas in Gaza.
NEW
NEW How to remove ticks and what to know about these bloodsuckers
Ticks are parasitic bloodsuckers, capable of spreading deadly disease, and they’re becoming increasingly common. Here’s what you need to know about them.
opinion
opinion Joe Biden uses bully pulpit to bully Donald Trump on debates
Donald Trump had spent weeks needling U.S. President Joe Biden for his refusal to commit to a debate. But Washington political columnist Eric Ham describes how in one fell swoop, Biden ingeniously stole the issue from the Trump campaign and made it his own.
Barbie will make dolls to honour Venus Williams, Christine Sinclair and other athletes
Barbie dolls will honour Canadian soccer star Christine Sinclair and tennis champion Venus Williams, plus seven other athletes as part of a project announced by Mattel on Wednesday.
Ontario mother loses $2,500 to text scammer pretending to be daughter
An Ontario mother lost $2,500 to a scammer pretending to be her daughter asking for help in late April.
Montreal photographer captures dramatic Canada goose vs. fox fight on video
A Montreal photographer captured the moment a Canada goose defended itself from a fox at the Botanical Garden.
From AI running wild to collapsing ecosystems, government report outlines future disruptions
From artificial intelligence running wild to collapsing ecosystems, a new Canadian government report outlines 35 disruptions that could rattle the country in the near future.
opinion
opinion Tom Mulcair: With Trudeau spiralling, Mark Carney waits in the wings
In his latest column for CTVNews.ca, former NDP leader Tom Mulcair argues that if there's an unofficial frontrunner in the eventual race to replace Justin Trudeau as Liberal leader, it has to be former Bank of Canada governor Mark Carney.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
Edmonton
-
Owners of derelict residential properties cleaning up after new tax subclass introduced
The City of Edmonton says a new property tax subclass is helping in the cleanup of problem residential properties.
-
Opposition charges Alberta government knew of hotel use for assisted living patients at earlier date
Nearly two months ago, the Alberta government launched four investigations into a company that placed people in hospital awaiting assisted-living accommodations into hotels. Today, internal emails shared by the Official Opposition reveal both the province's health and social services ministries received a complaint about the firm, called Contentment Social Services (CSS), months earlier.
-
Defensive prowess at end of Game 7 key to Oilers' victory over Canucks
Of the pivotal moments the Edmonton Oilers and the Vancouver Canucks encountered in Game 7 of their playoff series Monday night, the dying minutes of the decisive second-round showdown provided arguably the most drama.
Lethbridge
-
May long weekend sees Lethbridge police pick up traffic enforcement project
Lethbridge police hit the road over the May long weekend, as part of an ongoing traffic enforcement project.
-
Lethbridge sees record number of overdose deaths in 2023
New data released by the province shows that 124 people died in Lethbridge in 2023 due to a drug overdose, the most ever recorded.
-
Buttazzoni overtime goal propels Bandits past Crusaders 4-3 in BCHL playoff
With just over two minutes remaining in the first overtime, Mirko Buttazzoni scored to give the Bandits a 4-3 victory over the Sherwood Park Crusaders Saturday in Brooks.
Vancouver
-
Cybercriminals threaten to leak London Drugs data if it doesn't pay $25M ransom
Last month’s cyberattack on pharmacy and retail chain London Drugs that forced the closure of all its stores in Western Canada was orchestrated by a “sophisticated group of global cybercriminals” who are demanding a ransom—and say they’ll leak the company’s data if it doesn’t pay up.
-
Political landscape shifting in lead up to B.C. election
Opinion polls continue to show a two-way race in the lead up to the next provincial election, as the BC Conservatives continue to cut into the NDP's lead and BC United's popularity is shorn away.
-
Ministry investigating possible overpass strike in B.C.'s Lower Mainland
Another truck appears to have made contact with an overpass in the Lower Mainland, B.C.'s Ministry of Transportation and Infrastructure said Tuesday, though the owner of the vehicle involved says nothing was struck.
Vancouver Island
-
Political landscape shifting in lead up to B.C. election
Opinion polls continue to show a two-way race in the lead up to the next provincial election, as the BC Conservatives continue to cut into the NDP's lead and BC United's popularity is shorn away.
-
Cybercriminals threaten to leak London Drugs data if it doesn't pay $25M ransom
Last month’s cyberattack on pharmacy and retail chain London Drugs that forced the closure of all its stores in Western Canada was orchestrated by a “sophisticated group of global cybercriminals” who are demanding a ransom—and say they’ll leak the company’s data if it doesn’t pay up.
-
'We need to make the rights of older people a priority': B.C. doctor addresses UN
Dr. Kathleen Ross, a family doctor in Metro Vancouver and president of the Canadian Medical Association, addressed the UN Tuesday – advocating for a Convention on the Rights of Older Persons.
Saskatoon
-
Sask. man accused of killing his mother was hearing violent voices and police knew, brother claims
Emmett Constant says that his brother Everett isn’t a cold-blooded killer — he’s suffering from a mental illness.
-
Sask. flag football team wins national championship
The long weekend proved to be a memorable one for members of the Team Saskatchewan U16 flag football team — they brought home some hardware from Kingston, Ontario.
-
Saskatoon returning to 'typical' spring weather in 2024
According to Environment Canada, rainfall has been recorded in Saskatoon for nearly half the month as showers, clouds and cool temperatures continue to dominate the forecast.
Regina
-
Regina police operation underway on Garnet Street, SWAT called in
Regina police are asking people to stay away from the 1200 block of Garnet Street Tuesday afternoon while an operation is underway.
-
'One more trophy to win': Warriors prepare for Memorial Cup
Tuesday marked the final practice for the Moose Jaw Warriors before they head to Saginaw, Mich. for the 2024 Memorial Cup.
-
Sask. man accused of killing his mother was hearing violent voices and police knew, brother claims
Emmett Constant says that his brother Everett isn’t a cold-blooded killer — he’s suffering from a mental illness.
Toronto
-
Ontario mother loses $2,500 to text scammer pretending to be daughter
An Ontario mother lost $2,500 to a scammer pretending to be her daughter asking for help in late April.
-
WATCH
WATCH Why today's inflation numbers are good if you have a mortgage
New inflation data is 'welcome news' for consumers and an economist says it could signal the possibility for a interest rate cut as several core measures also continue to ease.
-
Shooting downtown leaves 1 man with critical injuries: police
A man has been rushed to hospital in life-threatening condition after a shooting in Toronto’s downtown core.
Montreal
-
3 people dead after stabbing in Plateau-Mont-Royal: Montreal police
Three people are dead after they were stabbed in Montreal's Plateau-Mont-Royal borough Tuesday evening, police say.
-
Montreal firefighters to run marathon, raise funds for colleague with brain cancer
Montreal firefighter Gabriel Thibert, 39, was diagnosed in February with stage 4 glioblastoma, a fast-growing and aggressive form of brain cancer. Firefighters plan to run the Montreal marathon in his honour, and raise funds for brain cancer research.
-
Judge says Quebec's language law regarding court translations is 'inoperable'
A Quebec court judge has declared inoperable a portion of the province's language law that requires English-language court decisions to be immediately translated into French.
Atlantic
-
Halifax suffering from gridlock following accidents
An accident or vehicle breakdown on any of the major routes in Halifax can often cause traffic chaos.
-
Progressive Conservatives easily retain Pictou West in Nova Scotia byelection
Nova Scotia's governing Progressive Conservatives easily retained the riding of Pictou West in a byelection held Tuesday, with first-time Tory candidate Marco MacLeod receiving more than four times the votes of his next-closest competitor.
-
NEW
NEW How to remove ticks and what to know about these bloodsuckers
Ticks are parasitic bloodsuckers, capable of spreading deadly disease, and they’re becoming increasingly common. Here’s what you need to know about them.
Winnipeg
-
Internet searches, Facebook messages of admitted serial killer used as evidence in Winnipeg trial
The trial of a Winnipeg man who has admitted to killing four women has heard he searched the internet to look up the definition of what it means to be a serial killer.
-
'Everything was stolen': Winnipeg community centre frustrated after break in at their batting cage
A Winnipeg community centre has been left to deal with the aftermath of a break in, which resulted in a number of items being stolen, including a pitching machine.
-
Former premier Heather Stefanson appointed to WestJet board of directors
Former Manitoba premier Heather Stefanson has been appointed to WestJet's board of directors.
Ottawa
-
NEW THIS MORNINGNEW THIS MORNING O-Train station at St. Laurent reopens after five day closure
OC Transpo will be holding a news conference this afternoon to update the city on progress made in the St. Laurent tunnel, five days after the station was closed to LRT riders because of issues with the concrete ceiling. The O-Train station at St. Laurent Station reopened for customers Wednesday morning.
-
Fog to lift in Ottawa today, temperature to hit 30 C for first time in 2024
Ottawa could warm up to 30 C for the first time in 2024 today, as the stretch of hot and humid weather continues. Fog patches blanketing Ottawa Wednesday morning are expected to dissipate.
-
OPP continues to investigate boat collision north of Kingston, Ont. that left 3 people dead
Ontario Provincial Police continue to investigate a long weekend fatal boat collision on Bobs Lake, north of Kingston, Ont.
Northern Ontario
-
Ontario mother loses $2,500 to text scammer pretending to be daughter
An Ontario mother lost $2,500 to a scammer pretending to be her daughter asking for help in late April.
-
NEW
NEW How to remove ticks and what to know about these bloodsuckers
Ticks are parasitic bloodsuckers, capable of spreading deadly disease, and they’re becoming increasingly common. Here’s what you need to know about them.
-
LOOK
LOOK Bear in distress spotted in northern Ont.
Photos captured last week by a concerned citizen in Greater Sudbury, Ont., show a bear in distress after its head became trapped in a plastic container.
Barrie
-
Essa Township woman in 4-year dispute with conservation authority to house elderly parents on her property
An Essa Township woman and her family are in a multi-year dispute with the Nottawasaga Valley Conservation Authority over a secondary unit on her property to house her elderly parents.
-
Longtime Bradford couple found dead inside home in murder-suicide, police say
Police are providing more details about two people found dead inside a Bradford West Gwillimbury home last week.
-
Barrie, Ont. couple invited to attend Buckingham Palace Royal Garden Party
A Barrie couple who lost their home in 2021 to a tornado that devastated a south-end neighbourhood spent an unforgettable day as guests at Buckingham Palace.
Kitchener
-
EXCLUSIVEEXCLUSIVE Longtime Toronto paramedic faces charges for misconduct inside Kitchener, Ont. strip club
A longtime member of the Toronto Paramedic Services is facing charges in relation to his conduct at a Kitchener, Ont. strip club.
-
Motorcyclist seriously injured after crash at Cambridge intersection
A motorcyclist needed to be airlifted from a busy Cambridge intersection following a serious crash Tuesday evening.
-
'Chaos' in Kitchener park as fireworks shot at large crowd and police
A 14-year-old is facing charges after fireworks were shot at people in a Kitchener park on Victoria Day.
London
-
First look at London’s updated rules and restrictions for homeless encampments
Pets on leashes, a fire ban, and an age restriction, are some of the rules unveiled as part of London’s updated strategy for homeless encampments.
-
It could get worse — Trosow seeks transportation planning report for west London
Already a nightmare for rush hour commuters, the area around Wonderland Road and Oxford Street may get even busier in the coming years.
-
'Micro tunneling' under Wharncliffe Road will open capacity for development
The City of London has brought in a massive drilling machine to tunnel under Wharncliffe Road. It is part of a $7.3 million project.
Windsor
-
Encampment protestors disrupt University of Windsor meeting
Continuing their calls for the institution to disclose its investments and divest from companies seen as contributing to Israel’s war efforts in Gaza, demonstrators brought their signs, and plenty of noisemakers from their encampment.
-
Murder of former Windsorite solved after nearly 50 years by Alberta law enforcement
Melissa Rehorek, 20, was killed in September 1976 in Calgary.
-
'If it wasn't for smoke alarms I wouldn't be here': Working smoke alarm credited with saving father and son
Chris Ferrari and his son were inside their house in the 2500-block of Jos. St. Louis Avenue when fire broke out at approximately 4:30 a.m. Tuesday morning.
