{"id":5044,"date":"2023-04-26T14:34:45","date_gmt":"2023-04-26T14:34:45","guid":{"rendered":"http:\/\/roydadnaft.ir\/English\/?p=5044"},"modified":"2023-04-26T14:35:39","modified_gmt":"2023-04-26T14:35:39","slug":"canadas-cenovus-energy-reports-lower-first-quarter-profit","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/5044\/","title":{"rendered":"Canada&#8217;s Cenovus Energy reports lower first-quarter profit"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\">\n<p>Oil and gas producer Cenovus Energy Inc\u00a0CVE.TO\u00a0reported a fall in first-quarter profit on Wednesday, hurt by lower oil prices.<\/p>\n\n\n\n<p>Crude oil prices were volatile in the first quarter as the recent U.S. banking crisis raised concerns about a dip in oil demand, while a surprise OPEC+ production cut pushed up prices during the end of March.<\/p>\n\n\n\n<p>Oil prices soared last year following Russia&#8217;s invasion of Ukraine.<\/p>\n\n\n\n<p>Cenovus said its quarterly upstream production fell to 779,000 barrels of oil equivalent per day (boepd) from 798,600 boepd a year earlier.<\/p>\n\n\n\n<p>The company lowered its annual upstream production outlook to between 790,000 boepd and 810,000 boepd, from its previous forecast of 800,000 boepd to 840,000 boepd.<\/p>\n\n\n\n<p>The Calgary, Alberta-based company reported a net income of C$636 million ($466.45 million), or 32 Canadian cents per share, for the quarter, compared with C$1.63 billion, or 79 Canadian cents per share, a year earlier.<\/p>\n\n\n\n<p>($1 = 1.3635 Canadian dollars)<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2023-04-26T14:35:39+00:00\"> 26 April 2023<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"Oil and gas producer Cenovus Energy Inc\u00a0CVE.TO\u00a0reported a fall in first-quarter profit on Wednesday, hurt by lower oil prices. Crude oil prices were volatile in the first quarter as the recent U.S. banking crisis raised concerns about a dip in oil demand, while a surprise OPEC+ production cut pushed up prices during the end of [&hellip;]","protected":false},"author":1,"featured_media":5045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,36,19,16],"tags":[],"services":[],"class_list":["post-5044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-lastnews","category-news","category-oil"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/5044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=5044"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/5044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/5045"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=5044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=5044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=5044"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=5044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}