Oregon, Ohio — According to state and local development sources, Cenovus Energy plans to invest $1,500,000,000.00 to expand into new space in Oregon. The company plans to occupy the new space in Oregon, on or about December 1, 2025. According to the company website Cenovus Energy Inc. is an integrated energy company headquartered in Calgary. We are committed to sustainably developing our assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into our business plans. We operate in Canada, the United States and the Asia Pacific region. Our operations include oil sands projects in northern Alberta, thermal and conventional crude oil and natural gas projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and liquids production offshore China and Indonesia. Cenovus’s downstream operations include upgrading, refining and marketing operations in Canada and the United States. Our shares trade under the symbol CVE and are listed on the Toronto and New York stock exchanges.

To learn more about Cenovus Energy, visit http://www.cenovus.com/

Company Contact:
Jon McKenzie, Chief Executive Officer
jon.mckenzie@cenovus.com
https://www.linkedin.com/in/jon-mckenzie-510910207/
403-766-2000

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