The company also declared a variable dividend payment of 11.4 cents per share, in addition to its base dividend of 10.5 cents per share
CALGARY — With oil and gas companies under increased scrutiny for how they choose to use their record-breaking profits in 2022, the chief executive of Cenovus Energy Inc. took aim at critics Wednesday by highlighting the billions of dollars the industry is expected to contribute in taxes and royalties this year.
Pourbaix's comments come just days after President Joe Biden accused U.S. oil and gas companies of "war profiteering" and floated the possibility of a "windfall tax" on the sector unless it uses some of its record revenues to help lower fuel prices for American consumers. On Wednesday, Cenovus Energy Inc. reported its third-quarter profit almost tripled compared with a year ago. The company earned $1.61 billion or 81 cents per diluted share for the quarter ended Sept. 30, up from $551 million or 27 cents per diluted share a year earlier.Revenue for the quarter was $17.47 billion, up from $12.70 billion in the same quarter last year, and the company also declared a variable dividend payment of 11.4 cents per share in addition to its base dividend of 10.
Environmentalists have criticized the Pathways group for not moving faster with that project. The Pathways Alliance has said it could spend up to $16.5 billion on that project before 2030, but it has not yet pulled the trigger to go ahead with it.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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