Cenovus Energy Outlines 2025 Growth Plan With $5 Billion Budget
Cenovus Energy(CVE) ZACKS·2024-12-13 21:51
Cenovus Energy Inc. (CVE) , a major player in the energy sector, has announced its 2025 corporate guidance, outlining a capital investment range of $4.6 -$5.0 billion. The company aims to deliver upstream production between 805,000 and 845,000 barrels of oil equivalent per day (BOE/d). It also anticipates downstream crude unit utilization rates to be between 90% and 95%, signaling its strategic focus on growth, reliability and shareholder returns.CVE Plans $5 Billion Capital Investment for GrowthAccording t ...