Cenovus Energy Inc. (NYSE:CVE) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET

Company Participants

Patrick Read - VP, IR
Jon McKenzie - CEO
Kam Sandhar - EVP, Strategy and Corporate Development
Keith Chiasson - EVP, Downstream
Geoff Murray - EVP, Commercial

Conference Call Participants

Dennis Fong - CIBC World Markets
Greg Pardy - RBC Capital Markets
John Royall - JPMorgan
Menno Hulshof - TD Securities
Neil Mehta - Goldman Sachs
Manav Gupta - UBS
Travis Wood - National Bank Financial
Patrick O'Rourke - ATB Capital Markets

Operator

Good morning, ladies and gentlemen. Welcome to Cenovus Energy’s Third Quarter Results Conference Call. At this time, all participants are in listen-only mode. Following the presentation, we will hold a question-and-answer session. [Operator Instructions]. I would like to remind everyone that this conference is being recorded today.

I would now like to turn the meeting over to Mr. Patrick Read, Vice President, Investor Relations. Please go ahead, Mr. Read.

Patrick Read

Thank you, operator. Good morning, everyone, and welcome to Cenovus’s 2024 third quarter results conference call. On the call this morning, our CEO, Jon McKenzie, will take you through our results. Then we'll open the line for Jon and other members of the Cenovus management team to take your questions.

Before getting started, I'll refer you to our advisories located at the end of today's news release. These describe the forward-looking information, non-GAAP measures, and oil and gas terms referred to today. They also outline the risk factors and assumptions relevant to this discussion. Additional information is available on Cenovus’s annual MD&A and our most recent AIF and Form 40-F. And as a reminder, all figures we reference on the call today will be in Canadian dollars, unless otherwise indicated. You can view our results at cenovus.com.

For the question and answer portion of the call, please keep to one question with a maximum of one follow-up. You are welcome to rejoin the queue for any other follow-up questions you may have. We also ask that you hold off on any detailed modeling questions. You can follow up on those directly with our investor relations team after the call.

I will now turn the call over to Jon. Jon, please go ahead.

Jon McKenzie

Great and thank you Patrick, and good morning everyone. As always, I like to start these calls by highlighting our safety performance in the quarter. The third quarter was a very heavy maintenance period for the company, and we have safely completed three major plan turnarounds on our ahead of schedule across both the upstream and the downstream.