Canadian oil producer Cenovus Energy Inc's fourth-quarter profit soared, as production nearly doubled and the company reined in expenses.
The Calgary-based company said on Thursday its net income jumped to C$620 million ($497 million), or 50 Canadian cents per share, in the quarter ended Dec. 31, from C$91 million, or 11 Canadian cents per share, in the year-ago period. Total production was 554,606 barrels of oil equivalent per day, up 96 percent. (Reporting Ahmed Farhatha in Bengaluru and Rod Nickel in Winnipeg; Editing by Maju Samuel)