CEO Brad Shaw says the Calgary-based company's strategy to ``scale our wireless business and deliver profitable wireline results set new records this quarter.''

STEP Energy Services is reporting job cuts, wage rollbacks, a reduction of manned equipment and reduced capital spending as it adjusts to lower oilfield activity during the COVID-19 pandemic.

One of Canada's biggest drilling companies will cut its dividend and further reduce spending as a deep downturn in North American oil and gas exploration continues to weigh on the oilfield services sector.

Canadian Natural Resources said it is looking to cut its costs this year by $745 million compared with last year as it reported a first-quarter loss of $1.28 billion.

Enbridge reported a first-quarter loss of nearly $1.43 billion as it was hit by one-time non-cash charges in the quarter including a writedown of its investment in DCP Midstream, a joint venture in the U.S.

MEG Energy cut its capital spending guidance for a second time due to the COVID-19 pandemic as it reported a first-quarter loss of $284 million.

Atco says it had lower revenue and a reduced profit of $174 million profit in the first quarter, down from $226 million a year earlier.

Precision Drilling reported a loss in its first quarter and warned that it expected a significant and sustained drop in customer demand for oil and gas services well into next year as a result of the recent plunge in oil prices.

Shaw Communications Inc. reported a first-quarter profit of $114 million as it ramped up its Freedom Mobile wireless business.

Husky says it earned $71 million in its latest quarter compared with a loss a year ago, as its results this year were boosted by higher commodity prices and improved refining margins.