Cenovus Energy Secures Approval for $1.5B Share Buyback Program Renewal

Cenovus Energy has received approval from the Toronto Stock Exchange for a $1.5B share repurchase program, enhancing shareholder value through the purchase of common stock over the next year.

• Cenovus Energys renewal of its normal course issuer bid allows for the purchase of up to 120,250,990 common shares from November 11, 2025, to November 10, 2026.
• The Toronto Stock Exchange approved this significant share repurchase plan, reflecting Cenovus Energys commitment to its capital allocation framework and shareholder returns.
• This $1.5B share buyback program renewal on the New York Stock Exchange is expected to strengthen Cenovus Energys stock performance and market positioning.