Cenovus announces fourth-quarter and full-year 2024 results

Calgary, alberta, feb. 20, 2025 (globe newswire) -- cenovus energy inc. (tsx: cve) (nyse: cve) today announced its fourth-quarter and full-year 2024 financial and operating results. in the quarter, the company generated over $2.0 billion in cash from operating activities, $1.6 billion of adjusted funds flow and $123 million of free funds flow. the upstream business continued to deliver strong performance, with production of 816,000 barrels of oil equivalent per day (boe/d)1 in the quarter, including a new quarterly oil sands production record of 628,500 boe/d. in the downstream, total crude throughput increased by almost 24,000 barrels per day (bbls/d) from the previous quarter to 666,700 bbls/d, representing an aggregate utilization rate of 93%.
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