Cenovus Energy Inc. (TSX:CVE) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 136,717,741 shares, representing 7.12% of its outstanding shar capital. All the repurchased shares under the bid will be cancelled.

The bid will expire on November 8, 2023. As of October 27, 2022, the company had 1,919,040,290 shares outstanding.