Cenovus announces 2025 capital budget and corporate guidance
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Cenovus Energy Inc. has announced its 2025 corporate guidance, planning a capital investment of $4.6 billion to $5.0 billion. The company aims for upstream production of 805,000 to 845,000 BOE/d and downstream crude unit utilization of 90% to 95%. Cenovus plans to return 100% of excess free funds flow to shareholders while maintaining net debt near $4.0 billion.
December 12, 2024 | 11:15 am
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Cenovus Energy's 2025 guidance includes a capital investment of $4.6B-$5.0B, targeting significant production and utilization rates. The company emphasizes shareholder returns and debt management.
Cenovus's announcement of a substantial capital budget and production targets indicates a strong growth outlook. The commitment to returning excess free funds flow to shareholders and maintaining manageable debt levels is likely to positively impact investor sentiment and the stock price.
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IMPORTANCE 80
RELEVANCE 100