Cenovus Energy Announces Renewal Of Normal Course Issuer Bid

Cenovus Energy Inc. announced the Toronto Stock Exchange has approved the renewal of its normal course issuer bid (NCIB) to repurchase up to 126,482,982 common shares over a 12-month period starting November 11, 2026. The company repurchased 88.3 million shares under its prior NCIB at a weighted-average price of $38.35 per share. All shares acquired under the renewed NCIB will be cancelled.