Record Production Recovery Post-Wildfire
After the Caribou Lake wildfire, Cenovus Energy safely ramped production back to 250,000 barrels per day at Christina Lake with no asset damage.
Successful Completion of Major Turnarounds
Completed large turnarounds in both upstream and downstream sectors ahead of schedule and under budget, notably at Foster Creek, Sunrise, and Toledo Refinery.
Milestone Achieved at Narrows Lake
Achieved first oil at Narrows Lake in July, marking a significant step in production growth with a lower steam-oil ratio.
West White Rose Project Progress
Successfully transported and placed the concrete gravity structure and topsides at the Offshore field location ahead of schedule, with first oil expected in Q2 2026.
Strong Downstream Performance
Canadian refining achieved a new quarterly high crude throughput of 112,000 barrels per day with a utilization rate of 104%.
Financial Performance and Shareholder Returns
Generated $2.1 billion of operating margin and returned $819 million to shareholders through dividends and share buybacks.