Buy Cenovus Energy

Logo for stock CVE (Cenovus Energy)

Amount

£
GBP

Latest price

$16.678
(£1.00 = $1.348)

Number of shares (est.)

0

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Metrics

Market Cap

$41.584B

P/E ratio

16.08

EPS

$1.438

Beta

1.34

Dividend rate

$0.74

Dividend yield

3.20%

About

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing and the United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.

CEO

Mr. Jonathan M. (Jon) Mckenzie

Employees

7,150

Sector

Energy

Company HQ

CALGARY, Canada

News

Logo for news article #0 (Cenovus to acquire MEG Energy in $7.9B deal)

Cenovus to acquire MEG Energy in $7.9B deal

Cenovus Energy Inc (TSX:CVE) has announced a definitive agreement to acquire MEG Energy (TSE:MEG) in a cash-and-stock transaction valued at approximately $7.9 billion, including assumed debt. Cenovus said the acquisition strengthens its position as a leading steam-assisted gravity drainage (SAGD) oil sands producer.

Proactive Investors

August 22, 2025

Logo for news article #1 (Cenovus Energy to acquire MEG Energy in C$7.9 billion deal)

Cenovus Energy to acquire MEG Energy in C$7.9 billion deal

Canadian oil producer MEG Energy said on Friday it has agreed to be acquired by larger peer Cenovus Energy in a C$7.9 billion cash-and-stock deal, including debt.

Reuters

August 22, 2025

Logo for news article #2 (Cenovus announces agreement to acquire MEG Energy)

Cenovus announces agreement to acquire MEG Energy

CALGARY, Alberta, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a definitive arrangement agreement to acquire MEG Energy Corp. (TSX: MEG) (“MEG”) in a cash and stock transaction valued at $7.9 billion, inclusive of assumed debt.

GlobeNewsWire

August 22, 2025

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