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Cenovus Energy achieves record Q3 results and reduces net debt to $3 billion

The Motley Fool +1 · ·by G4L

CVE Cenovus Energy Inc
$27.67 +0.29%
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  1. 1Cenovus Energy Inc. reported record financial and operational results, surpassing the Q3 production milestone of 1 million barrels per day.
  2. 2Cenovus Energy Inc. significantly reduced debt, recording a net debt of $3 billion in Q3.
  3. 3Cenovus Energy Inc. returned $1.9 billion to shareholders this quarter.

So what's the key point?

Cenovus Energy produced a record amount of oil and significantly reduced its debt to $3 billion. The company also returned a large amount of money to its shareholders because it earned well.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

Cenovus Energy reports $2.4 billion in third-quarter profit Associated Press · 6d agoTownsquare Media reports $110.9 million in Q3 net revenue and announces suspension of dividends The Motley Fool +1 · 5d agoNICE reports Q3 revenue of $790.7 million, beating guidelines The Motley Fool +1 · 5d ago
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