Petro-Canada said Thursday it widened its profits significantly during this year's second quarter.
The Calgary-based company said it netted $845 million during the three months ended June 30, compared to $472 million during the same period a year ago.
Cash flow for the quarter was $1.35 billion, up from $754 million during the second quarter of 2006.
"Our record quarter was due to a strong integrated portfolio, solid operations and a robust business environment," said Ron Brenneman, Petro-Canada's president and CEO.
The company said it produced an average of 425,000 barrels of oil equivalent per day during this year's second quarter, up significantly from 2006's 326,000.
Via: TheStar
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