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CENOVUS ENERGY INC. (CVE)

NYSE · Mining · Crude Petroleum & Natural Gas

Core research established · 4/4 core data layers currently established

What CENOVUS ENERGY INC. does

BUSINESS SEGMENTS As at December 31, 2025, the Company’s reportable segments were as follows: Upstream Segments •Oil Sands, includes the development and production of bitumen and heavy oil in northern Alberta and Saskatchewan. Cenovus’s oil sands assets include Foster Creek, Sunrise, Lloydminster thermal and Lloydminster conventional heavy oil assets, as well as Christina Lake, which includes the results of the MEG Acquisition completed in November 2025. Cenovus jointly owns and operates pipeline gathering systems and terminals through the equity-accounted investment in Husky Midstream Limited Partnership (“HMLP”). The sale and transportation of Cenovus’s production and third-party commodity trading volumes are managed and marketed through access to capacity on third-party pipelines and storage facilities in both Canada and the U.S.

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