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Yahoo
5 minutes ago
- Yahoo
Cenovus reports $851 million second quarter profit
CALGARY — Cenovus Energy Inc. says it made $851 million in the second quarter, down from an even $1 billion in the same quarter last year, as it slightly revised down its production outlook for the year. The Calgary-based oil producer says it now expects to produce between 805,000 and 825,000 barrels of oil equivalent per day this year, down by 10,000 boe/d, in part because of a well leak at its Rush Lake facilities in western Saskatchewan. Second quarter production came in at 765,900 barrels of oil equivalent per day, compared with 800,000 boe/d last year. Revenues for the three months ended June 30 was $12.3 billion, down from $14.6 billion in the second quarter of 2024. Cenovus says it had $355 million of free funds flow during the quarter, down from $1.21 billion in the same quarter last year. Chief executive Jon McKenzie says the company is nearing completion of numerous growth and maintenance projects that, once complete, should clear the way for increased free funds flow. This report by The Canadian Press was first published July 31, 2025. Companies in this story: (TSX: CVE) The Canadian Press Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Forbes
5 minutes ago
- Forbes
Knowing When It's Time To Walk Away From Your Job
Sherry Taylor is a Senior Regional Director and Diversity, Equality and Inclusion Leader. Deciding to leave your job is never easy, especially when you've invested years, built strong relationships and truly left your fingerprint on the business. But sometimes, staying too long can stall your growth, affect your well-being or limit your career potential. If you're wondering whether it's time to make a change, here are four key signs that may indicate it's time to move on. 1. You've outgrown the role ... and there's nowhere to grow. If you've mastered your current position and there are no meaningful growth opportunities on the horizon, it may be time to consider your next chapter. This doesn't just mean promotions or titles; think in terms of skill development, stretch assignments and mentorship. When learning plateaus and your ambitions are met with roadblocks instead of road maps, your potential is at risk of being stifled. At a prior company, I had worked my way up and was told I was ready for the next role once one became available. After several years passed, not only did the opportunity never come, but the company also began transitioning and less of those roles existed. My leader continued to support my development by giving me new challenges, exposure to senior leadership and excellent coaching. Those experiences pushed me to become a stronger leader, but I still found myself bored and unfulfilled in my role. This was one of the first signs that it was time to explore my options. 2. You no longer align with the company's culture or values. Workplaces evolve, and so do you. Sometimes, the culture you once loved can shift due to changes in leadership, business priorities or company growth. If you find yourself uncomfortable with the direction of the organization, disconnected from the mission or simply feeling like you no longer fit, that misalignment can take a toll on your motivation and overall well-being. I loved the people I worked with, believed in the direction we were heading and felt like I had a clear path to success. Then the business started to have a shift in culture. It seemed leadership didn't fully understand the challenges we faced or how we could realistically overcome them. When feedback was offered, it became clear they were not open to hearing it and were committed to a path that felt disconnected from the realities on the ground. That was the moment I realized the culture I had once loved was no longer the same, and I had to ask myself, 'Is this still the brand I fell in love with, or has it changed into something I no longer believe in?' 3. You dread Mondays (and every other workday). Everyone has tough days, but if thinking of work consistently makes you feel stress, anxiety or dread, it's a red flag. Emotional burnout, mental exhaustion or a toxic environment can quietly erode your health and self-esteem over time. Your job should challenge you—not drain you to the point of resentment. I dreaded going to work. Every day felt like a battle, and no matter how hard I fought for my team, it often felt futile. I began to dread team calls because I didn't feel I could be fully present. My store visits became mechanical. The energy and enthusiasm my team had come to expect from me was at an all-time low. The turning point came when a co-worker simply asked, 'Do you still love your job?' That question hit me hard, and I realized I didn't. I had been going through the motions, too consumed by the routine to recognize how unhappy I had become. 4. You're staying for the wrong reasons. Fear of the unknown, loyalty to your boss, a steady paycheck or the hope that things might eventually get better are common reasons people stay in unfulfilling roles. But staying in a job purely out of guilt or comfort can prevent you from pursuing opportunities that better align with your values and goals. This was the hardest realization for me. I loved my boss, my team, my peers—and I was happy with my compensation. I was a top performer and a go-to leader across the company. My brand was strong. I had worked so hard to get to that point, so the question became: Why would I leave now? But over time, it became clear that I was no longer showing up as my true, authentic self, and that wasn't fair to anyone. Walking away became an act of respect for the people I valued most. They deserved a leader who fully believed in the brand and its future, and I deserved the chance to find a place where I could fully show up again. Leaving a company doesn't mean you've failed; it can be one of the most courageous and growth-oriented decisions you ever make. If any of these signs resonate with you, it may be time to begin a thoughtful exploration of what's next. Sometimes, the best way to honor what you've built is to take a bold step forward. Growth begins when we're brave enough to ask: What's possible if I let go of what no longer serves me? Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Digital Trends
7 minutes ago
- Digital Trends
AI may be raising your bills, even if you never use it
We've heard a lot about the power-hungry nature of AI data centers, with all of your ChatGPT inputs — or whatever AI tools you use — requiring a huge amount of energy to fulfill. And now some folks are feeling the effects of it in their pocket, too, even though they may not even be using AI. Recommended Videos With all of the extra computer processing power required to keep AI services ticking along, millions of people living close to some of these data centers are starting to see their monthly electric bills go up by a significant amount, the Washington Post reported. 'In Trenton, New Jersey, the bill for a typical home rose $26,' the Post said by way of example. 'In Philadelphia, it increased about $17. In Pittsburgh, it went up $10. And in Columbus, Ohio, it spiked $27.' The report attributed the rise to the boom in data centers, which besides AI also support cloud computing services. Tech companies building the data centers include the likes of Meta, Google, Microsoft, and Amazon, with residential customers understandably unhappy about having to pay more for their electricity while these behemoths continue to rake in billions of dollars. 'We're seeing every region of the country experience really significant data center load growth,' energy markets expert Abe Silverman told the Post, adding that the situation is 'putting enormous upward pressure on prices, both for transmission and for generation.' So, what can be done? Energy regulators across the country could, for example, follow Ohio's example and force the tech giants to pay extra to fund grid modernization so that it's better able to handle the extra power demanded by their data centers. Meanwhile, the companies involved are promising to build more efficient data centers that need less power to function, which could go some way to stabilizing electric bills while also being kinder to the environment. Google, for example, is aiming to open more efficient data centers, all of which run entirely on carbon-free energy by 2030, thereby lowering costs while minimizing its reliance on fossil fuels. What's clear is that the rapid growth of AI infrastructure is now bringing to the fore the urgent need for sustainable practices and comprehensive policies to deal with the technology's environmental and social impact. But with so many factors at play when it comes to electricity supply, it's too early to say to what extent regular folks' electric bills will be affected.
