Exhibit 99.2
Cenovus Energy Inc.
Interim Consolidated Financial Statements (unaudited)
For the Period Ended March 31, 2010
(Canadian Dollars)
CONSOLIDATED STATEMENT OF EARNINGS AND
COMPREHENSIVE INCOME (unaudited)
See accompanying Notes to Consolidated Financial Statements (unaudited).
For the period ended March 31,
Three Months Ended
(C__DOCTEXT__nbsp;millions, except per share amounts)
2010
2009
Gross Revenues
(Note 1)
3,602
2,736
Less: Royalties
111
43
Net Revenues
3,491
2,693
Expenses
(Note 1)
Production and mineral taxes
12
13
Transportation and selling
291
166
Operating
348
364
Purchased product
1,765
1,136
Depreciation, depletion and amortization
324
380
General and administrative
52
41
Interest, net
(Note 7)
65
45
Accretion of asset retirement obligation
(Note 13)
22
11
Foreign exchange (gain) loss, net
(Note 8)
(27)
(52)
Other (income) loss, net
(1)
-
2,851
2,104
Earnings Before Income Tax
640
589
Income tax expense
(Note 9)
115
74
Net Earnings
525
515
Other Comprehensive Income, Net of Tax
Foreign Currency Translation Adjustment
(88)
87
Comprehensive Income
437
602
Net Earnings per Common Share
(Note 18)
Basic
0.70
0.69
Diluted
0.70
0.69
Cenovus Energy Inc.
2
First quarter report
for the period ended March 31, 2010
CONSOLIDATED BALANCE SHEET (unaudited)