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An announcement from Cenovus Energy ( (TSE:CVE) ) is now available.
Cenovus Energy reported robust financial and operational performance for the fourth quarter and full-year 2024. The company achieved record production levels in its Oil Sands operations and improved throughput in its Downstream business. Key growth projects, such as the Narrows Lake pipeline and the West White Rose project, reached significant milestones, positioning the company for long-term value delivery. Additionally, Cenovus returned $706 million to shareholders, indicating a strong commitment to shareholder value.
More about Cenovus Energy
Cenovus Energy Inc. is a leading Canadian integrated oil and natural gas company. It is primarily focused on the production of oil sands, conventional oil, and natural gas, as well as refining operations, with a strong presence in both Canadian and U.S. markets.
YTD Price Performance: 2.09%
Average Trading Volume: 9,139,648
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $28.13B
See more insights into CVE stock on TipRanks’ Stock Analysis page.
