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News  ›  GlobeNewswire Inc.

Cenovus announces 2026 capital budget and corporate guidance

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Cenovus Energy Inc.
Cenovus announces 2026 capital budget and corporate guidance

Cenovus Energy announced its 2026 capital budget of $5.0-5.3 billion, targeting upstream production growth of 4% and maintaining a focus on cost control, debt reduction, and shareholder returns following the MEG Energy acquisition.

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GOOG   neutral

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CVE   positive

Positive outlook with planned production growth, strategic investments, cost management, and balanced approach to shareholder returns