| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||
| Reporting Entity Name | Cenovus Energy Inc. | ||||||||||||||||||||||
| Reporting Year | From: | 2024-01-01 | To: | 2024-12-31 | Date Submitted | 2025-05-30 | |||||||||||||||||
| Reporting Entity ESTMA Identification Number | E695282 | Original Submission | |||||||||||||||||||||
Other Subsidiaries Included (optional field) | |||||||||||||||||||||||
| For Consolidated Reports - Subsidiary Reporting Entities Included in Report: | E543177 FCCL Partnership, E422918 Cenovus TL ULC, E540914 Telephone Lake Partnership, E435615 Cenovus Clearwater Partnership, E859468 Cenovus Elmworth Partnership, E724323 Cenovus Wapiti Partnership, E461880 Cenovus Kaybob Partnership, E722884 Cenovus Edson Partnership, E303227 Marten Hills Partnership, E984040 Cenovus Marten Hills ULC, E483488 Husky Oil Limited Partnership, E206499 Husky Energy International Sulphur Corporation, E602104 Husky Energy International, E908878 Husky Oil China Branch of HEIC, E945280 Husky Oil Sands Partnership, E653397 Sunrise Oil Sands Partnership, E747799 Husky Atlantic Partnership, E580100 HOI Resources (2019) ULC, E202648 Husky Offshore 1% Partner ULC, E549730 Gear Energy Ltd. | ||||||||||||||||||||||
| Not Substituted | |||||||||||||||||||||||
| Attestation by Reporting Entity | |||||||||||||||||||||||
| In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | |||||||||||||||||||||||
| Full Name of Director or Officer of Reporting Entity | Kam Sandhar | Date | 2025-05-23 | ||||||||||||||||||||
| Position Title | EVP & CFO | ||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2024-01-01 | To: | 2024-12-31 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | Cenovus Energy Inc | Currency of the Report | CAD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E695282 | ||||||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E543177 FCCL Partnership, E422918 Cenovus TL ULC, E540914 Telephone Lake Partnership, E435615 Cenovus Clearwater Partnership, E859468 Cenovus Elmworth Partnership, E724323 Cenovus Wapiti Partnership, E461880 Cenovus Kaybob Partnership, E722884 Cenovus Edson Partnership, E303227 Marten Hills Partnership, E984040 Cenovus Marten Hills ULC, E483488 Husky Oil Limited Partnership, E206499 Husky Energy International Sulphur Corporation, E602104 Husky Energy International, E908878 Husky Oil China Branch of HEIC, E945280 Husky Oil Sands Partnership, E653397 Sunrise Oil Sands Partnership, E747799 Husky Atlantic Partnership, E580100 HOI Resources (2019) ULC, E202648 Husky Offshore 1% Partner ULC, E549730 Gear Energy Ltd. | ||||||||||||||||||||||||||||||||||
| Payments by Payee | |||||||||||||||||||||||||||||||||||
| Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | ||||||||||||||||||||||||
| Canada | The Province of Alberta | 144,830,000 | 3,009,670,000 | 37,720,000 | 910,000 | 3,193,130,000 | Amounts reported include payments to the following departments, agencies, etc: - Alberta Boilers Safety Association - Alberta Energy Regulator - Alberta Environment & Parks - Government of Alberta - Alberta Special Areas Board - Alberta Transportation - Alberta Minister of Finance - Kananaskis Improvement District - Alberta Petroleum Marketing Commission - Safety Codes Council | ||||||||||||||||||||||||||||
| Canada | Federal Government of Canada | 440,890,000 | 3,300,000 | 1,330,000 | 445,520,000 | Amounts reported include payments to the following departments, agencies, etc: - Receiver General for Canada - Farm Credit Canada - Natural Resources Canada - Canadian Nuclear Safety Commission - Environment and Climate Change Canada | |||||||||||||||||||||||||||||
| Canada | The Province of Saskatchewan | 52,280,000 | 305,860,000 | 3,830,000 | 361,970,000 | Amounts reported include payments to the following departments, agencies, etc: - Saskatchewan Ministry of Energy & Resources - Saskatchewan Finance Revenue Division - Saskatchewan Ministry of Economy - Saskatchewan Minister of Finance - Technical Safety Authority of Saskatchewan - Government of Saskatchewan - Saskatchewan Ministry of Agriculture - Saskatchewan Municipal Board | |||||||||||||||||||||||||||||
| China | Federal Government of China | 226,960,000 | 97,190,000 | 410,000 | 350,000 | 324,910,000 | Amounts reported include payments to the following departments, agencies, etc: - CNOOC China Ltd. - CNOOC Shenzhen Ltd. - CNOOC - Shenzhen Offshore Tax Bureau - Zhanjiang Offshore Oil Tax Bureau - Zhuhai Municiple Tax Bureau Note 3 | ||||||||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2024-01-01 | To: | 2024-12-31 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | Cenovus Energy Inc | Currency of the Report | CAD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E695282 | ||||||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E543177 FCCL Partnership, E422918 Cenovus TL ULC, E540914 Telephone Lake Partnership, E435615 Cenovus Clearwater Partnership, E859468 Cenovus Elmworth Partnership, E724323 Cenovus Wapiti Partnership, E461880 Cenovus Kaybob Partnership, E722884 Cenovus Edson Partnership, E303227 Marten Hills Partnership, E984040 Cenovus Marten Hills ULC, E483488 Husky Oil Limited Partnership, E206499 Husky Energy International Sulphur Corporation, E602104 Husky Energy International, E908878 Husky Oil China Branch of HEIC, E945280 Husky Oil Sands Partnership, E653397 Sunrise Oil Sands Partnership, E747799 Husky Atlantic Partnership, E580100 HOI Resources (2019) ULC, E202648 Husky Offshore 1% Partner ULC, E549730 Gear Energy Ltd. | ||||||||||||||||||||||||||||||||||
| Payments by Payee | |||||||||||||||||||||||||||||||||||
| Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | ||||||||||||||||||||||||
| Canada | Municipality of Wood Buffalo | 27,680,000 | 27,680,000 | ||||||||||||||||||||||||||||||||
| Canada | The Province of Newfoundland and Labrador | 18,750,000 | 18,750,000 | Amounts reported include payments to the following departments, agencies, etc: - Newfoundland Exchequer Account - Government of Newfoundland and Labrador - Clerk of the Provincial Court | |||||||||||||||||||||||||||||||
| Canada | Town of Bonnyville | 18,610,000 | 18,610,000 | ||||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Frenchman Butte | 7,810,000 | 7,810,000 | ||||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Eldon | 6,240,000 | 440,000 | 6,680,000 | |||||||||||||||||||||||||||||||
| Canada | Yellowhead County | 6,630,000 | 6,630,000 | ||||||||||||||||||||||||||||||||
| Canada | Municipal District of Greenview | 6,370,000 | 6,370,000 | ||||||||||||||||||||||||||||||||
| Canada | County of Grande Prairie | 6,310,000 | 40,000 | 6,350,000 | |||||||||||||||||||||||||||||||
| Canada | Chipewyan Prairie First Nation | 490,000 | 3,000,000 | 2,400,000 | 5,890,000 | Amounts reported include payments to the following departments, agencies, etc: - Chipewyan Prairie First Nation - Chipewyan Prairie Industry Relations | |||||||||||||||||||||||||||||
| Canada | Rural Municipality Of Turtle River | 5,620,000 | 20,000 | 5,640,000 | |||||||||||||||||||||||||||||||
| Canada | Rural Municipality Of Britannia | 4,960,000 | 100,000 | 5,060,000 | |||||||||||||||||||||||||||||||
| Canada | The Province of British Columbia | 1,750,000 | 2,030,000 | 510,000 | 4,290,000 | Amounts reported include payments to the following departments, agencies, etc: - BC Energy Regulator - BC Minister of Finance - BC Ministry of Energy, Mines and Low Carbon Innovation - BC Ministry of Forests - BC Safety Authority | |||||||||||||||||||||||||||||
| Canada | County of Vermilion River | 4,240,000 | 4,240,000 | ||||||||||||||||||||||||||||||||
| Canada | Mackenzie County | 3,760,000 | 3,760,000 | ||||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Mervin | 3,440,000 | 10,000 | 3,450,000 | |||||||||||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2024-01-01 | To: | 2024-12-31 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | Cenovus Energy Inc | Currency of the Report | CAD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E695282 | ||||||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E543177 FCCL Partnership, E422918 Cenovus TL ULC, E540914 Telephone Lake Partnership, E435615 Cenovus Clearwater Partnership, E859468 Cenovus Elmworth Partnership, E724323 Cenovus Wapiti Partnership, E461880 Cenovus Kaybob Partnership, E722884 Cenovus Edson Partnership, E303227 Marten Hills Partnership, E984040 Cenovus Marten Hills ULC, E483488 Husky Oil Limited Partnership, E206499 Husky Energy International Sulphur Corporation, E602104 Husky Energy International, E908878 Husky Oil China Branch of HEIC, E945280 Husky Oil Sands Partnership, E653397 Sunrise Oil Sands Partnership, E747799 Husky Atlantic Partnership, E580100 HOI Resources (2019) ULC, E202648 Husky Offshore 1% Partner ULC, E549730 Gear Energy Ltd. | ||||||||||||||||||||||||||||||||||
| Payments by Payee | |||||||||||||||||||||||||||||||||||
| Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | ||||||||||||||||||||||||
| Canada | Cold Lake First Nations | 370,000 | 630,000 | 2,400,000 | 3,400,000 | ||||||||||||||||||||||||||||||
| Canada | Conklin Metis | 180,000 | 750,000 | 2,400,000 | 3,330,000 | Amounts reported include payments to the following departments, agencies, etc: - Conklin Resource Development - Conklin Community Trust | |||||||||||||||||||||||||||||
| Canada | Heart Lake First Nation | 80,000 | 600,000 | 2,650,000 | 3,330,000 | ||||||||||||||||||||||||||||||
| Canada | Clearwater County | 2,590,000 | 2,590,000 | ||||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Wilton | 1,900,000 | 20,000 | 1,920,000 | |||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Paynton | 1,790,000 | 20,000 | 1,810,000 | |||||||||||||||||||||||||||||||
| Canada | Beaver Lake Cree Nation | 80,000 | 300,000 | 1,200,000 | 1,580,000 | Amounts reported include payments to the following departments, agencies, etc: - Beaver Lake Cree Nation - Peace Hills Trust Company | |||||||||||||||||||||||||||||
| Canada | Athabasca Chipewyan First Nation | 1,130,000 | 260,000 | 1,390,000 | Amounts reported include payments to the following departments, agencies, etc: - Athabasca Chipewyan First Nation - ACFN Dene Lands & Resource Management | ||||||||||||||||||||||||||||||
| Canada | Municipal District of Wainwright | 1,290,000 | 10,000 | 1,300,000 | |||||||||||||||||||||||||||||||
| Canada | Chard Metis Nation | 80,000 | 1,200,000 | 1,280,000 | |||||||||||||||||||||||||||||||
| Canada | Municipal District of Brazeau | 1,250,000 | 1,250,000 | ||||||||||||||||||||||||||||||||
| Canada | Fort McKay First Nation | 340,000 | 630,000 | 970,000 | |||||||||||||||||||||||||||||||
| Canada | Mikisew Cree First Nation | 720,000 | 250,000 | 970,000 | Amounts reported include payments to the following departments, agencies, etc: - Mikisew Cree First Nation - Deloitte Wealth Management Services | ||||||||||||||||||||||||||||||
| Canada | Municipal District of Opportunity | 630,000 | 20,000 | 650,000 | |||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Manitou Lake | 610,000 | 610,000 | ||||||||||||||||||||||||||||||||
| Canada | Lac La Biche County | 600,000 | 600,000 | ||||||||||||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2024-01-01 | To: | 2024-12-31 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | Cenovus Energy Inc | Currency of the Report | CAD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E695282 | ||||||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E543177 FCCL Partnership, E422918 Cenovus TL ULC, E540914 Telephone Lake Partnership, E435615 Cenovus Clearwater Partnership, E859468 Cenovus Elmworth Partnership, E724323 Cenovus Wapiti Partnership, E461880 Cenovus Kaybob Partnership, E722884 Cenovus Edson Partnership, E303227 Marten Hills Partnership, E984040 Cenovus Marten Hills ULC, E483488 Husky Oil Limited Partnership, E206499 Husky Energy International Sulphur Corporation, E602104 Husky Energy International, E908878 Husky Oil China Branch of HEIC, E945280 Husky Oil Sands Partnership, E653397 Sunrise Oil Sands Partnership, E747799 Husky Atlantic Partnership, E580100 HOI Resources (2019) ULC, E202648 Husky Offshore 1% Partner ULC, E549730 Gear Energy Ltd. | ||||||||||||||||||||||||||||||||||
| Payments by Payee | |||||||||||||||||||||||||||||||||||
| Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | ||||||||||||||||||||||||
| Canada | Fort McMurray First Nation | 280,000 | 250,000 | 530,000 | |||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Hillsdale | 480,000 | 480,000 | ||||||||||||||||||||||||||||||||
| Canada | Red Deer County | 480,000 | 480,000 | ||||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Cambria | 450,000 | 450,000 | ||||||||||||||||||||||||||||||||
| Canada | Northern Rockies Regional Municipality | 430,000 | 430,000 | ||||||||||||||||||||||||||||||||
| Canada | County of Wetaskiwin | 420,000 | 420,000 | ||||||||||||||||||||||||||||||||
| Canada | Fort McKay Metis Nation | 160,000 | 210,000 | 370,000 | |||||||||||||||||||||||||||||||
| Canada | Lacombe County | 350,000 | 350,000 | ||||||||||||||||||||||||||||||||
| Canada | County of Two Hills | 300,000 | 300,000 | ||||||||||||||||||||||||||||||||
| Canada | Ponoka County | 290,000 | 290,000 | ||||||||||||||||||||||||||||||||
| Canada | Whitefish Lake First Nation | 100,000 | 150,000 | 250,000 | |||||||||||||||||||||||||||||||
| Canada | Moosomin First Nation | 200,000 | 50,000 | 250,000 | |||||||||||||||||||||||||||||||
| Canada | Ermineskin Cree Nation | 130,000 | 100,000 | 230,000 | |||||||||||||||||||||||||||||||
| Canada | County of St Paul | 220,000 | 220,000 | ||||||||||||||||||||||||||||||||
| Canada | Saulteaux First Nation | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
| Canada | Flagstaff County | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
| Canada | O'Chiese First Nation | 20,000 | 170,000 | 190,000 | |||||||||||||||||||||||||||||||
| Canada | McMurray Metis Local 1935 | 60,000 | 120,000 | 180,000 | |||||||||||||||||||||||||||||||
| Canada | Fort Chipewyan Metis Association | 90,000 | 90,000 | 180,000 | |||||||||||||||||||||||||||||||
| Canada | Paul First Nation | 180,000 | 180,000 | ||||||||||||||||||||||||||||||||
| Canada | Town of Rainbow Lake | 160,000 | 160,000 | ||||||||||||||||||||||||||||||||
| Canada | Sunchild First Nation | 50,000 | 90,000 | 140,000 | |||||||||||||||||||||||||||||||
| Canada | Woodlands County | 140,000 | 140,000 | ||||||||||||||||||||||||||||||||
| Canada | County of Minburn | 120,000 | 120,000 | ||||||||||||||||||||||||||||||||
| Canada | Enoch Cree Nation | 110,000 | 110,000 | ||||||||||||||||||||||||||||||||
| Additional Notes: | (3) Includes payments made in foreign currencies. Where payments have been made in a local currency they have been converted to Canadian dollars using the prevailing exchange rate at the time of payment. The average exchange rates for the period were: - $1 CAD: $0.702 USD - $1 CAD: 5.255 RMB | ||||||||||||||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2024-01-01 | To: | 2024-12-31 | ||||||||||||||||||||||||||||
| Reporting Entity Name | Cenovus Energy Inc | Currency of the Report | CAD | |||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E695282 | |||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E543177 FCCL Partnership, E422918 Cenovus TL ULC, E540914 Telephone Lake Partnership, E435615 Cenovus Clearwater Partnership, E859468 Cenovus Elmworth Partnership, E724323 Cenovus Wapiti Partnership, E461880 Cenovus Kaybob Partnership, E722884 Cenovus Edson Partnership, E303227 Marten Hills Partnership, E984040 Cenovus Marten Hills ULC, E483488 Husky Oil Limited Partnership, E206499 Husky Energy International Sulphur Corporation, E602104 Husky Energy International, E908878 Husky Oil China Branch of HEIC, E945280 Husky Oil Sands Partnership, E653397 Sunrise Oil Sands Partnership, E747799 Husky Atlantic Partnership, E580100 HOI Resources (2019) ULC, E202648 Husky Offshore 1% Partner ULC, E549730 Gear Energy Ltd. | |||||||||||||||||||||||||||||||
| Payments by Project | ||||||||||||||||||||||||||||||||
| Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes23 | ||||||||||||||||||||||
| Canada | Christina Lake | 18,270,000 | 1,564,360,000 | 12,050,000 | 5,190,000 | 10,000,000 | 1,609,870,000 | |||||||||||||||||||||||||
| Canada | Foster Creek | 18,610,000 | 1,291,480,000 | 4,690,000 | 630,000 | 2,400,000 | 1,317,810,000 | |||||||||||||||||||||||||
| Canada | Corporate | 585,410,000 | 360,000 | 585,770,000 | ||||||||||||||||||||||||||||
| Canada | Lloydminster Thermal Projects | 66,340,000 | 282,670,000 | 860,000 | 200,000 | 350,070,000 | ||||||||||||||||||||||||||
| China | Liwan Gas Project | 226,960,000 | 97,190,000 | 260,000 | 324,410,000 | Note 3 | ||||||||||||||||||||||||||
| Canada | Sunrise | 10,010,000 | 76,080,000 | 2,670,000 | 1,370,000 | 90,130,000 | ||||||||||||||||||||||||||
| Canada | Conventional Heavy Oil | 26,540,000 | 40,850,000 | 5,420,000 | 1,110,000 | 50,000 | 73,970,000 | Includes production volume taken in-kind as royalties and are valued at $6,790,000 which is the fair market value based on Cenovus's realized sales price. | ||||||||||||||||||||||||
| Canada | Northern Corridor | 12,930,000 | 22,530,000 | 10,260,000 | 45,720,000 | Includes production volume taken in-kind as royalties and are valued at $16,540,000 which is the fair market value based on Cenovus's realized sales price. | ||||||||||||||||||||||||||
| Canada | Edson | 8,000,000 | 12,960,000 | 5,280,000 | 26,240,000 | Includes production volume taken in-kind as royalties and are valued at $2,570,000 which is the fair market value based on Cenovus's realized sales price. | ||||||||||||||||||||||||||
| Canada | Rainbow Lake Development | 4,420,000 | 15,810,000 | 460,000 | 20,690,000 | Includes production volume taken in-kind as royalties and are valued at $11,910,000 which is the fair market value based on Cenovus's realized sales price. | ||||||||||||||||||||||||||
| Canada | White Rose Oil Field | 410,000 | 19,650,000 | 20,060,000 | ||||||||||||||||||||||||||||
| Canada | Clearwater | 5,610,000 | 7,500,000 | 5,820,000 | 190,000 | 19,120,000 | Includes production volume taken in-kind as royalties and are valued at $2,840,000 which is the fair market value based on Cenovus's realized sales price. | |||||||||||||||||||||||||
| Canada | Tucker Thermal Project | 3,320,000 | 10,000 | 3,330,000 | ||||||||||||||||||||||||||||
| Canada | Terra Nova Oil Field | 2,890,000 | 2,890,000 | |||||||||||||||||||||||||||||
| China | Block 29/34 | 40,000 | 350,000 | 390,000 | Note 3 | |||||||||||||||||||||||||||
| China | Block 15/33 | 100,000 | 100,000 | Note 3 | ||||||||||||||||||||||||||||
| Additional Notes: | (3) Includes payments made in foreign currencies. Where payments have been made in a local currency they have been converted to Canadian dollars using the prevailing exchange rate at the time of payment. The average exchange rates for the period were: - $1 CAD: $0.702 USD - $1 CAD: 5.255 RMB | |||||||||||||||||||||||||||||||