Cenovus Energy Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was CAD 14,036 million compared to CAD 14,938 million a year ago. Revenue was CAD 13,134 million compared to CAD 14,063 million a year ago. Net income was CAD 743 million compared to CAD 784 million a year ago. Basic earnings per share from continuing operations was CAD 0.39 compared to CAD 0.4 a year ago. Diluted earnings per share from continuing operations was CAD 0.39 compared to CAD 0.39 a year ago.
For the full year, sales was CAD 55,474 million compared to CAD 71,765 million a year ago. Revenue was CAD 52,204 million compared to CAD 66,897 million a year ago. Net income was CAD 4,109 million compared to CAD 6,450 million a year ago. Basic earnings per share from continuing operations was CAD 2.15 compared to CAD 3.29 a year ago. Diluted earnings per share from continuing operations was CAD 2.12 compared to CAD 3.2 a year ago.