Cenovus Energy Inc.

Cenovus Energy Inc. delivered upstream production in the first quarter of 779,000 barrels of oil equivalent per day 1 and downstream throughput of 457,900 barrels per day . The company generated $1.4 billion in adjusted funds flow and cash used in operating activities was $286 million. First-quarter results reflect lower commodity prices, reduced production in the upstream business and lower operating throughput in the [...]

Cenovus Energy Inc. will release its first-quarter 2023 results on Wednesday, April 26. 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. has closed on the transaction to purchase bp's 50% interest in the bp-Husky Toledo Refinery in Ohio, effective today. Cenovus already owned 50% of the facility, and now owns 100% and assumes operatorship. Total consideration for the sale is approximately US$370 million after closing adjustments, including working capital. Cenovus and bp will also enter into a multi-year product supply agreement. The [...]

Cenovus Energy Inc. today announced that as part of the company's leadership succession plan, Alex Pourbaix will shift to the role of Executive Chair and Jon McKenzie, the company's current Executive Vice-President & Chief Operating Officer, will become President & Chief Executive Officer. These changes will take effect at the conclusion of the company's annual general meeting scheduled for April 26, 2023. At the AGM [...]

Cenovus Energy Inc. delivered strong operating and financial performance in 2022, with $11.4 billion in cash from operating activities, $11.0 billion in adjusted funds flow and $7.3 billion in free funds flow, enabling more than $3.4 billion in shareholder returns. In the fourth quarter, reliable upstream operating performance drove nearly $3.0 billion in cash from operating activities, $2.3 billion in adjusted funds flow [...]

Cenovus Energy Inc. will release its fourth-quarter and full-year 2022 results on Thursday, February 16. The news release will provide consolidated fourth-quarter and full-year operating and financial information. The company's quarterly and 2022 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. is providing an update on its Downstream operations following recent extreme winter storms and severe cold temperatures at the company's U.S. and Canadian refining operations, coupled with unplanned operational challenges and third-party pipeline outages, which impacted refinery throughput and operational availability. Cenovus's priority remains the safety of its people and the reliability and [...]

Cenovus Energy Inc. today announced its 2023 budget, delivering disciplined capital allocation and focused investment plans to progress opportunities across its integrated portfolio, holding oil sands and conventional operating costs flat, reducing downstream operating costs and positioning the company for continued growth in shareholder returns. Cenovus plans to invest between $4.0 billion and $4.5 billion in 2023 [...]

Cenovus Energy Inc. announced today the Toronto Stock Exchange has approved the renewal of the company's normal course issuer bid to purchase up to 136,717,741 common shares during the 12-month period commencing November 9, 2022 and ending November 8, 2023. Cenovus's renewal of its share buyback program is consistent with the company's capital allocation framework, which supports enhancing value for investors by returning [...]

Cenovus Energy Inc. generated more than $4.0 billion in cash from operating activities, approximately $3.0 billion in adjusted funds flow and nearly $2.1 billion in free funds flow in the third quarter of 2022, driven by continued strong operations. Total upstream production was approximately 778,000 barrels of oil equivalent per day 1 and downstream throughput averaged 533,500 barrels per day . As part of Cenovus's [...]