SCHEDULE: Capital Research Global Investors Discloses 5.9% Stake in Cenovus Energy

Capital Research Global Investors has reported a 5.9% beneficial ownership stake in Cenovus Energy Inc., holding over 106 million common shares as of September 30, 2025.

Summary

• Capital Research Global Investors (CRGI) beneficially owns 106,582,971 shares of Cenovus Energy Inc. Common Stock.
• This ownership represents 5.9% of Cenovus Energy Inc.'s outstanding common stock, based on 1,798,633,456 shares believed to be outstanding.
• CRGI holds sole voting power over 106,379,521 shares and sole dispositive power over 106,582,971 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• CRGI is classified as an investment adviser.

Sentiment

Score: 7

Explanation: The filing indicates a significant institutional investment in Cenovus Energy Inc., which is generally viewed as a positive signal of investor confidence in the company. However, as a routine ownership disclosure, it does not contain performance-related information to warrant a higher score.

Positives

• The disclosure of a significant stake by a major institutional investor like Capital Research Global Investors can be interpreted as a vote of confidence in Cenovus Energy Inc.'s long-term prospects.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding Cenovus Energy Inc.'s future performance or Capital Research Global Investors' future investment intentions beyond the certification that shares are held in the ordinary course of business.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

The energy sector, in which Cenovus Energy Inc. operates, is subject to commodity price volatility, geopolitical factors, and evolving environmental regulations. Institutional investment in companies like Cenovus reflects ongoing interest in the sector's long-term value proposition, despite these dynamics.

Comparison to Industry Standards

• This Schedule 13G filing is a standard regulatory disclosure for institutional investors acquiring more than 5% beneficial ownership in a public company. It does not provide specific comparative financial or operational data against industry peers or benchmarks within the filing itself.

Stakeholder Impact

• Shareholders of Cenovus Energy Inc. may view the significant stake held by Capital Research Global Investors as a positive indicator of institutional confidence, potentially influencing market sentiment and share price.

Key Dates

Keywords

Cenovus Energy, Capital Research Global Investors, CRGI, institutional ownership, Schedule 13G, common stock, beneficial ownership, energy sector, investment adviser