Cenovus Energy announced its 2026 capital budget and corporate guidance, outlining planned capital investments of $5.0 billion to $5.3 billion and upstream production of 945,000 to 985,000 BOE/d, reflecting about 4% year-over-year growth adjusted for the MEG acquisition. The company expects downstream crude throughput of 430,000 to 450,000 bbls/d, flat G&A costs versus 2025, and a continued focus on balancing debt reduction with shareholder returns following the completion of its recent growth investment cycle.

Source: Cenovus Energy, GlobeNewswire