Record Upstream Production
Cenovus achieved its highest ever upstream production of 833,000 BOE per day, with oil sands assets contributing 643,000 barrels per day.
Strong Downstream Performance
The U.S. refining operations recorded a crude throughput of 605,000 barrels per day with a utilization rate of 99%, and Canadian refining achieved a utilization rate of 98%.
Successful Optimization at Foster Creek
Foster Creek achieved a production record of 215,000 barrels per day, aided by the quick implementation of 4 new steam generators.
West White Rose Project Progress
Nearly completed commissioning of the West White Rose project with drilling expected before year-end and first oil in the second quarter of 2026.
Improved Financial Metrics
Generated $3 billion of operating margin and approximately $2.5 billion of adjusted funds flow in the third quarter.