Cenovus Energy Inc. (NYSE:CVE) is included among the 13 Best Canadian Dividend Stocks to Buy and Hold for the Long Term.
On November 17, RBC Capital raised its price target for Cenovus Energy Inc. to C$32 from C$30 while maintaining an Outperform rating on the stock, according to a report by The Fly.
Cenovus Energy Inc. reported total revenues of C$13.2 billion in Q3, up from C$12.3 billion in Q2 2025. Upstream revenues were C$6.7 billion, slightly lower than the C$6.8 billion recorded in the previous quarter, while Downstream revenues rose to C$8.4 billion from C$7.7 billion in Q2.
Cenovus Energy Inc. continued to prioritize shareholders, returning C$1.3 billion in the quarter, including C$918 million through share repurchases and C$356 million in dividends. Upstream production reached a record 832,900 BOE/d in Q3, with Oil Sands production hitting a high of approximately 642,800 BOE/d.
Cenovus Energy Inc. is an integrated energy company that develops, produces, refines, transports, and markets crude oil, natural gas, and refined products.
READ NEXT: 12 Best European Dividend Stocks to Buy Now and 15 Stocks with Highest Dividend to Invest In.
