2021 budget to achieve nearly $1 billion of synergies in first year

Calgary, alberta, jan. 28, 2021 (globe newswire) -- cenovus energy inc. (tsx: cve) (nyse: cve) has delivered a disciplined 2021 capital budget focused on maintaining safe and reliable operations while positioning the company to drive enhanced shareholder value. the budget includes sustaining capital of approximately $2.1 billion to deliver upstream production of approximately 755,000 barrels of oil equivalent per day (boe/d) and downstream throughput of approximately 525,000 barrels per day (bbls/d).
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