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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