Cenovus Energy Reinstates Share Buyback Program for Up to 120 Million Shares

Cenovus Energy has renewed its share buyback program to purchase up to 120,250,990 common shares from November 11, 2025 to November 10, 2026. The program is consistent with the company's capital allocation framework, aimed at returning cash to shareholders and enhancing value for investors. Cenovus believes purchasing common shares represents an attractive investment opportunity, given the market price may not fully reflect the underlying value of the business and future prospects.