Cenovus's Diversified & Resilient Business Model

DEMONSTRATING NEAR-TERM METHANE REDUCTIONS Target to reduce upstream methane emissions by 80% by year-end 2028¹ % of 2019 baseline 100% Upstream methane emissions 90% 80% 70% 60% 50% 40% 30% 20% 10% ~62% reduction since 2019 baseline 0% 2019 2020 2021 2022 2023 2028 Goal baseline Note: See Advisory. 1) From 2019 baseline. cenovus ENERGY EPOD APS FRIES Instrument air package with solar panels as part of our Conventional GHG reduction program. 49 W

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