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Cenovus Energy Inc   (CVE)
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 

Earnings lifted by $610.50 millions tax benefit

A $610.50 millions in income tax provisions, fueled Cenovus Energy Inc. to display $1.36 eps in the October to December 31 2019 span


Published Nov 30 -0001
CSIMarket Team / CSIMarket.com


oil-monahans-texas-sunset-70362For the fiscal interval closing December 31 2019 company earnings turned positive of $1.36 per share compare to $-1.66 a year before and from $0.00 per share from the prior quarter.

Revenues contracted by -3.181 % to $15.46 billions from $15.97 billions in the similar quarter a year before and sequentially from $0.00 millions.




The Oil And Gas Production company booked earnings of $1,680.604 millions in the fiscal interval closing December 31 2019 an improvement versus a net loss of $-2,044.454 millions in the similar quarter a year ago.

An essential contributor for this success. As above cited, it was the $610.50 millions tax benefit, the CVE has acquired. Cenovus Energy Inc. also emphasized it's improving profit margins, where net margin rose to 10.87% in fiscal interval closing December 31 2019, and operating margin edged up to 80.04%.
CVE booked earnings of $1.68 billions and Revenues of $15.46 billions for the financial year 2019.

The Oil And Gas Production company realized earnings per share of $1.36 compare to $-1.66 in the prior financial year, while Revenue decreased by -3.18 % from $15.97 billions a year before.



Cenovus Energy Inc's ROE

Cenovus Energy Inc's Net Profit Margin



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