Cenovus Energy Inc. delivered solid results across its portfolio in the first quarter of 2024. Production from its upstream assets remained strong through the quarter, and reflects scheduled maintenance in the Atlantic region. The downstream assets continued to run with high operational availability, allowing them to benefit from improved benchmark pricing in the U.S. Beginning in the second quarter of 2024, the Board of [...]
Cenovus Energy Inc. will release its first-quarter 2024 results on Wednesday, May 1. The news release will provide consolidated first-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 without operator assistance, please register here approximately 5 minutes in advance to receive an [...]
Cenovus Energy Inc. will hold its 2024 Investor Day in Toronto on Tuesday, March 5, 2024, at 8:30 a.m. ET . Members of Cenovus's Leadership Team will provide an update on the company's strategy, outlook and operations to invited institutional investors and analysts. To accommodate a broader audience, the presentation will be webcast. The webcast and presentation will be available at cenovus.com by registering in advance [...]
Cenovus Energy Inc. continued to deliver strong operational performance across the portfolio in the fourth quarter of 2023. The company's upstream assets performed exceptionally well, achieving the second-highest quarterly production rates in Cenovus's history. In its downstream business, the company continued to build operating momentum at its wholly-owned refineries. Upstream and downstream results were negatively [...]
Cenovus Energy Inc. will release its fourth-quarter and full-year 2023 results on Thursday, February 15. The news release will provide consolidated fourth-quarter and full-year operating and financial information. The company's quarterly and 2023 financial statements will be available on Cenovus's website, cenovus.com. Conference call: 9 a.m. MT To join the conference call without operator assistance, please register here [...]
Cenovus Energy Inc. today announced its 2024 budget, delivering disciplined capital investment and balancing growth of the company's base business with meaningful shareholder returns. Continuing with the growth plan embarked on in 2023, Cenovus expects to invest capital of between $4.5 billion and $5.0 billion in 2024. This investment includes $1.5 billion to $2.0 billion of optimization and growth capital, primarily for [...]
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 133,160,021 common shares during the 12-month period commencing November 9, 2023 and ending November 8, 2024. 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. delivered safe, reliable operations and strong financial performance in the third quarter of 2023. The company generated $2.7 billion in cash from operating activities, $3.4 billion in adjusted funds flow and $2.4 billion in free funds flow in the quarter. Total upstream production was 797,000 barrels of oil equivalent per day 1 and downstream throughput averaged over 664,000 barrels per day . "We were [...]
Cenovus Energy Inc. will release its third-quarter 2023 results on Thursday, November 2. 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 without operator assistance, please register here approximately 5 minutes in advance to receive an [...]
Cenovus Energy Inc. announced today the total consideration payable in connection with its previously announced tender offers to purchase for cash: up to $500,000,000 aggregate purchase price, excluding accrued and unpaid interest , of its 5.250% Notes due 2037, 4.450% Notes due 2042, 5.200% Notes due 2043, 4.400% Notes due 2029, 5.400% Notes due 2047 and 4.250% Notes due 2027 and up to $500,000,000 aggregate purchase [...]
Cenovus Energy Inc. announced today the early tender results for its tender offers to purchase for cash certain of its outstanding series of Notes. Cenovus also announced it has increased the previously announced Pool 2 Maximum Amount from $250,000,000 to $500,000,000. The Pool 1 Maximum Amount and the Series Tender Cap remain unchanged at $500,000,000 and $250,000,000, respectively. References to "$" in this news release [...]
Cenovus Energy Inc. announced today the commencement of tender offers to purchase for cash certain of its outstanding series of notes listed in the table below for an aggregate purchase price, excluding accrued and unpaid interest, of up to $750 million. References to "$" in this news release are to United States dollars, unless otherwise indicated. Title of Security CUSIP/ISIN Principal Amount Outstanding Maximum Amount [...]