Cenovus Energy Inc.

Cenovus Energy Inc. announced today it will exercise its right to redeem the Company's 4.591% Series 5 Preferred Shares on March 31, 2025 . All 8 million Series 5 Preferred Shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount payable to holders of $200 million, less required withholdings, if any, funded primarily from cash on hand. As previously announced, the Company's Board of [...]

Cenovus Energy Inc. today announced its fourth-quarter and full-year 2024 financial and operating results. In the quarter, the company generated over $2.0 billion in cash from operating activities, $1.6 billion of adjusted funds flow and $123 million of free funds flow. The Upstream business continued to deliver strong performance, with production of 816,000 barrels of oil equivalent per day 1 in the quarter, including a [...]

Cenovus Energy Inc. will release its fourth-quarter and full-year 2024 results on Thursday, February 20, 2025. The news release will provide consolidated fourth-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com. Conference call: 9 a.m. MT To join the conference call, please dial 1-800-206-4400 or 1-289-514-5005 to reach a live operator who [...]

Cenovus Energy Inc. today announced its 2025 corporate guidance, which includes capital investment of $4.6 billion to $5.0 billion, delivering upstream production of 805,000 barrels of oil equivalent per day to 845,000 BOE/d and downstream crude unit utilization of 90% to 95%. Capital investment in 2025 will include about $3.2 billion of sustaining capital to maintain base production and support continued safe and [...]

Cenovus Energy Inc. announced today it will exercise its right to redeem the Company's 4.689% Series 3 Preferred Shares on December 31, 2024 . All 10 million Series 3 Preferred Shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount payable to holders of $250 million, less required withholdings, if any, funded primarily from cash on hand. As previously announced, the Company's Board [...]

Cenovus Energy Inc. announced today that the Toronto Stock Exchange has approved the renewal of the company's normal course issuer bid to purchase up to 127,489,549 common shares during the 12-month period commencing November 11, 2024 and ending November 10, 2025. Cenovus's renewal of its share buyback program is consistent with the company's capital allocation framework, which supports enhancing value for investors by [...]

Cenovus Energy Inc. today announced its financial and operating results for the third quarter of 2024. The company generated nearly $2.5 billion in cash from operating activities, $2.0 billion of adjusted funds flow and $614 million of free funds flow in the quarter. Upstream production of more than 771,000 barrels of oil equivalent per day 1 was slightly lower compared with the second quarter primarily because of [...]

Cenovus Energy Inc. will release its third-quarter 2024 results on Thursday, October 31. The news release will provide consolidated third-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com. Conference call: 8 a.m. MT To join the conference call, please dial 1-888-307-2440 or 647-694-2812 to reach a live operator who will place you into the [...]

Cenovus Energy Inc. delivered strong operational performance across its portfolio in the second quarter of 2024, with solid production from its upstream assets and improved crude throughput at the company's U.S. refineries, which operated at an overall utilization rate of 93%. Net debt was $4.26 billion at June 30, 2024, and in July the company achieved its net debt target of $4.0 billion. As a result, beginning in the [...]

Cenovus Energy Inc. will release its second-quarter 2024 results on Thursday, August 1. The news release will provide consolidated second-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com. Conference call: 8 a.m. MT To join the conference call without operator assistance, please register here approximately 5 minutes in advance to receive an [...]