Cenovus sets 2026 capital budget at $5.0-5.3 billion
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Cenovus announces 2026 capital budget and corporate guidance
December 11, 2025 6:00 AM ESTCALGARY, Alberta, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2026 capital budget and corporate guidance.
2026 guidance highlights:
Capital investment of between $5.0 billion and $5.3 billion, including approximately $350 million of capitalized turnaround costs. Excluding turnaround costs, capital investment is expected to be between $4.7 billion and $5.0 billion, consistent with Cenovuss planned reduction in growth investments relative to 2025.Upstream production of between 945,000 barrels of oil equivalent per day (BOE/d) and 985,000 BOE/d, representing a year-over-year growth... More