May 12, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Cenovus Energy (NYSE:CVE) (Calgary, Alberta) reported stronger upstream production in the first quarter, with its 818,900 barrels of oil equivalent per day up 2.2% from the same period last year. The company also benefited improving from market conditions in the North American refining sector, with executives pointing to a stronger operational performance following a swath of maintenance-related projects. Industrial Info is tracking more than US$18 billion worth of active and proposed projects from Cenovus, about 65% of which is attributed to projects in Alberta. One executive said the company is "positioned for a very clear runway of strong operating performance in the second half of the year and into 2026."
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