Company Overview - Cenovus has approximately 1,766 million shares outstanding and a market capitalization of $41 billion[6] - The company's 2024 proved plus probable (2P) reserves are 8.5 BBOE[7] - The company returned $1.3 billion to shareholders through share buybacks and dividends in Q3 2025[12] - The company repurchased approximately 3% of shares outstanding in the first 9 months of 2025[17] Financial Performance - The company's trailing twelve months Adjusted Funds Flow (AFF) is $7.8 billion[8] - As of September 30, 2025, Cenovus's Net Debt is $5.3 billion and Long-Term Debt is $7.2 billion[8] - The company's annual dividend per share is $0.80, yielding 3.4%[8] - The company's Q3 2025 Adjusted Funds Flow was $2,466 million and Free Funds Flow was $1,312 million[10] Operational Highlights - Upstream production in Q3 2025 reached 833 MBOE/d[10] - Downstream throughput in Q3 2025 was 711 Mbbls/d[10] - The company is targeting production of approximately 950,000 BOE/d by 2028[19]

Company Overview - Cenovus has approximately 1,800 million shares outstanding and a market capitalization of $38 billion[6] - The company's 2025 production is approximately 815 MBOE/d, with upgrading and refining operable capacity of 720 Mbbls/d[6] - Cenovus's 2024 proved plus probable (2P) reserves are 8.5 BBOE[6] Financial Performance - The trailing twelve months Adjusted Funds Flow (AFF) is $7.3 billion[7] - As of June 30, 2025, Net Debt is $4.9 billion and Long-Term Debt, including current portion, is $7.2 billion[7] - Trailing twelve months total cash returns to shareholders are $3.2 billion[7] - The annual dividend per share is $0.80, representing a yield of 3.8%[7] Operational Highlights - Upstream Production for the second quarter of 2025 was 766 MBOE/d, and Downstream Throughput was 666 Mbbls/d[9] - Cash From Operating Activities for the second quarter was $2,374 million, with Adjusted Funds Flow at $1,519 million and Free Funds Flow at $355 million[9] - Capital Investments for the second quarter totaled $1,164 million[9] Growth and Returns - Cenovus is targeting approximately 100% return of Excess Free Funds Flow to shareholders[12] - The company expects to grow production to approximately 950,000 BOE/d by 2028[12]