GlobeNewswire·Nov 9, 2026, 6:00 AM ET

Cenovus Energy Announces Renewal Of Normal Course Issuer Bid

Cenovus Energy Inc. received TSX approval for a normal course issuer bid (NCIB) renewal to purchase up to 126,482,982 common shares.
The share repurchase program is valid for a 12-month period starting November 11, 2026, & ending November 10, 2027.
The new authorization represents 10% of Cenovus's public float as of October 31, 2026, when 1,807,322,179 common shares were outstanding.
Cenovus's prior NCIB expired on November 10, 2026, with 88,320,447 shares repurchased at a weighted-average price of $38.35 per share.
Purchases will occur on the open market via the TSX, NYSE, & alternative trading systems in Canada & the United States at prevailing market prices.
An automatic share purchase plan (ASPP) is in place to allow share acquisitions during regulatory or self-imposed blackout periods.
All common shares acquired under the NCIB will be cancelled by Cenovus.
Daily purchase limits on the TSX are capped at 1,333,112 shares, representing 25% of the average daily trading volume.
The company retains discretion over the actual number of shares purchased & the timing of any such transactions.

Company: Cenovus Energy Inc.
Keywords: Toronto Stock Exchange:CVE, Cenovus Energy Inc., corporate, investors, oil sands, oil, natural gas, refining, upgrading, offshore