CENOVUS ENERGY INC.

Cenovus Energy Inc. held its annual meeting of shareholders on May 6, 2026. Shareholders reappointed PricewaterhouseCoopers LLP as the Corporation's auditor with 99.67% of votes in favor. All 14 nominees proposed by management were elected as directors, each receiving over 95% of the votes for their election. Additionally, an advisory resolution to accept the Corporation's approach to executive compensation was passed with 97.39% of votes for.

Cenovus Energy reported strong first-quarter 2026 financial and operating results, generating $3.4 billion in adjusted funds flow and $2.2 billion in free funds flow. The company achieved a record quarterly Upstream production of 972,100 BOE/d and a Downstream crude unit utilization rate of 97%. Reflecting this performance, the Board of Directors approved a 10% increase in the quarterly base dividend to $0.22 per share and returned $1.0 billion to shareholders through dividends, share repurchases, and preferred share redemptions. Additionally, Cenovus entered agreements to sell its Canadian commercial fuels business for $275 million.

Cenovus Energy Inc. announced that it will release its first-quarter 2026 results on Wednesday, May 6, 2026. The company will also host a conference call for analysts at 9 a.m. MT (11 a.m. ET) on the same day. Additionally, Cenovus will hold its Annual Meeting of Shareholders virtually on May 6, 2026, starting at 11 a.m. MT (1 p.m. ET).