Overview
- Adjusted diluted earnings came in at C$0.86 per share versus the C$0.85 LSEG consensus as production hit a record 1.62 million boepd, up about 19% year over year.
- The company increased its 2025 production outlook to 1.56–1.58 million boepd.
- Capital spending guidance remains C$5.9 billion for 2025 despite a C$700 million charge tied to revised North Sea cost estimates.
- An asset swap with Shell closed on Nov. 1, delivering full ownership of the Albian mines and an 80% non-operated stake in Scotford and Quest, adding roughly 31,000 bpd of low-decline bitumen.
- The Board declared a quarterly dividend of C$0.5875 per share payable Jan. 6, 2026 to holders of record on Dec. 12, extending a 25-year dividend growth streak at a 21% CAGR.