Cenovus Energy (CVE) Registration Filing summary

Company overview and business model

• Canadian-based integrated energy company with upstream operations in Canada and Asia Pacific, and downstream operations in Canada and the US.

• Engages in oil sands, thermal and conventional crude oil, natural gas, NGLs, offshore production, refining, upgrading, and commercial fuel operations.

• Integrated value chain helps mitigate crude oil price differentials and enhances earnings stability.

Financial performance and metrics

• Qualifies as a "well-known seasoned issuer" with public equity of $33.2 billion as of November 27, 2025.

• Financial statements prepared under IFRS and audited by PricewaterhouseCoopers LLP.

• Incorporates by reference annual and interim financials, MD&A, and AIF for 2023–2025.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including capital expenditures, debt repayment, and acquisitions.

• Proceeds not immediately required may be invested in short-term marketable securities.