Cenovus Energy Inc.

Cenovus Energy Inc. is providing an update on its Oil Sands operations following ongoing wildfire activity in northern Alberta. Cenovus is focused on the safety of its people and the integrity of its assets, and all staff are safe. Based on the inspections the company has completed to date, it is not aware of any damage to its infrastructure and would anticipate a full restart of Christina Lake operations in the near [...]

Cenovus Energy Inc. held its annual meeting of shareholders on May 8, 2025. Each matter voted on is described in greater detail in the Corporation's 2025 Management Information Circular dated March 12, 2025. Shareholders voted as follows on the matters before the meeting: Appointment of Auditor PricewaterhouseCoopers LLP, Chartered Professional Accountants, was reappointed as auditor of the Corporation. Votes for Votes [...]

Cenovus Energy Inc. today announced its first-quarter 2025 financial and operating results. The company generated more than $1.3 billion in cash from operating activities, $2.2 billion of adjusted funds flow and $983 million of free funds flow. Operating results in the quarter were strong, with Upstream production increasing to 818,900 barrels of oil equivalent per day 1 while Downstream crude throughput was 665,400 [...]

Cenovus Energy Inc. will release its first-quarter 2025 results on Thursday, May 8, 2025. 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. First-quarter 2025 conference call: 9 a.m. MT For analysts wanting to join the call, please register in advance at Conference Call registration. To [...]

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 [...]