Cenovus announces 2025 capital budget and corporate guidance
Cenovus Energy Inc (CVE)
Last cenovus energy inc earnings: 4/29 06:00 am
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Source: GlobeNewswire
CALGARY, Alberta, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2025 corporate guidance, which includes capital investment of $4.6 billion to $5.0 billion, delivering upstream production of 805,000 barrels of oil equivalent per day (BOE/d) to 845,000 BOE/d and downstream crude unit utilization of 90% to 95%. Capital investment in 2025 will include about $3.2 billion of sustaining capital to maintain base production and support continued safe and reliable operations, with an additional $1.4 billion to $1.8 billion directed towards advancing the company’s upstream growth projects. Cenovus’s disciplined capital plan and strong emphasis on cost control will support continued returns to shareholders of 100% of excess free funds flow (EFFF) over time while maintaining net debt near $4.0 billion. “Cenovus will deliver important milestones on our major growth projects in 2025, including achieving first oil from Narrows Lake, installation o
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News
- New Strong Sell Stocks for November 19th [Yahoo! Finance]Yahoo! Finance
- Thursday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Wednesday's Insider Report: CEO invests $1-million in this large-cap dividend stock [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Cenovus Energy Inc. (NYSE: CVE) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Outlook for Cenovus Energy Stock in 2025 [Yahoo! Finance Canada]Yahoo! Finance Canada
CVE
Earnings
- 10/31/24 - Beat
CVE
Sec Filings
- 12/20/24 - Form S-8
- 12/12/24 - Form 6-K
- 12/5/24 - Form SC
- CVE's page on the SEC website