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Cenovus Outlines Capital Plan for 2026, Projects 4% Upstream Growth
ZACKS· 2025-12-13 01:16
Key Takeaways Cenovus outlines 2026 capital spending of $5-$5.3B, including $350M in capitalized turnaround costs.CVE projects 945,000-985,000 BOE/d in upstream output, with strong oil sands contributions.Cenovus guides 430,000-450,000 bbl/d in downstream throughput with stable segment operating costs.Cenovus Energy Inc. (CVE) , a Canadian integrated energy firm, has provided an update about its 2026 capital spending guidance and the expected upstream and downstream production in the upcoming year. The comp ...