October 31, 2018 / 10:16 AM / 20 days ago

Cenovus Energy reports third-quarter loss

Oct 31 (Reuters) - Cenovus Energy reported a loss for the third quarter compared with a profit a year earlier, hit by higher expenses and a fall in Canadian crude prices.

The company’s net loss was C$242 million ($184 million), or 20 Canadian cents per share, in the third quarter ended Sept. 30, compared with a profit of C$275 million, or 22 Canadian cents per share, a year earlier.

Total production rose 4 percent to 495,592 barrels of oil equivalent per day.

$1 = C$1.31 Reporting by Laharee Chatterjee in Bengaluru; Editing by Maju Samuel

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