Cenovus announces 2026 capital budget and corporate guidance

CALGARY, Alberta, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2026 capital budget and corporate guidance. 2026 guidance highlights: Capital investment of between 5.0billionand5.0 billion and 5.3 billion, including approximately 350millionofcapitalizedturnaroundcosts.Excludingturnaroundcosts,capitalinvestmentisexpectedtobebetween350 million of capitalized turnaround costs. Excluding turnaround costs, capital investment is expected to be between 4.7 billion and $5.0 billion, consistent with Cenovus’s planned reduction in growth investments relative to 2025.Upstream ...