content: <?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
  <submissionType>144</submissionType>
  <filerInfo>
  <filer>
  <filerCredentials>
  <cik>0001696588</cik>
  <ccc>XXXXXXXX</ccc>
  </filerCredentials>
  </filer>
  <liveTestFlag>LIVE</liveTestFlag>
  </filerInfo>
  </headerData>
  <formData>
  <issuerInfo>
  <issuerCik>0001475260</issuerCik>
  <issuerName>CENOVUS ENERGY INC.</issuerName>
  <secFileNumber>001-34513</secFileNumber>
  <issuerAddress>
  <street1 xmlns="http://www.sec.gov/edgar/common">4100, 225 - 6 Avenue S.W.</street1>
  <city xmlns="http://www.sec.gov/edgar/common">Calgary</city>
  <stateOrCountry xmlns="http://www.sec.gov/edgar/common">A0</stateOrCountry>
  <zipCode xmlns="http://www.sec.gov/edgar/common">T2P 0M5</zipCode>
  </issuerAddress>
  <issuerContactPhone>403-766-2000</issuerContactPhone>
  <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>CK Hutchison Holdings</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
  <relationshipsToIssuer>
  <relationshipToIssuer>Affiliate</relationshipToIssuer>
  </relationshipsToIssuer>
  </issuerInfo>
  <securitiesInformation>
  <securitiesClassTitle>Common Shares</securitiesClassTitle>
  <brokerOrMarketmakerDetails>
  <name>Goldman Sachs &amp; Co</name>
  <address>
  <street1 xmlns="http://www.sec.gov/edgar/common">200 West St</street1>
  <city xmlns="http://www.sec.gov/edgar/common">New York</city>
  <stateOrCountry xmlns="http://www.sec.gov/edgar/common">NY</stateOrCountry>
  <zipCode xmlns="http://www.sec.gov/edgar/common">10282</zipCode>
  </address>
  </brokerOrMarketmakerDetails>
  <noOfUnitsSold>1158189</noOfUnitsSold>
  <aggregateMarketValue>16312976.25</aggregateMarketValue>
  <noOfUnitsOutstanding>1824948627</noOfUnitsOutstanding>
  <approxSaleDate>06/10/2025</approxSaleDate>
  <securitiesExchangeName>NYSE</securitiesExchangeName>
  </securitiesInformation>
  <securitiesToBeSold>
  <securitiesClassTitle>Common Shares</securitiesClassTitle>
  <acquiredDate>01/01/2021</acquiredDate>
  <natureOfAcquisitionTransaction>Share Exchange pursuant to a court-approved Plan of Arrangement between Cenovus Energy Inc. and Husky Energy Inc. on 01/01/2021</natureOfAcquisitionTransaction>
  <nameOfPersonfromWhomAcquired>CENOVUS ENERGY INC.</nameOfPersonfromWhomAcquired>
  <isGiftTransaction>N</isGiftTransaction>
  <amountOfSecuritiesAcquired>316927051</amountOfSecuritiesAcquired>
  <paymentDate>01/01/2021</paymentDate>
  <natureOfPayment>Share Exchange</natureOfPayment>
  </securitiesToBeSold>
  <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
  <securitiesSoldInPast3Months>
  <sellerDetails>
  <name>Hutchison Whampoa Europe Investments S.a r.l.</name>
  <address>
  <street1 xmlns="http://www.sec.gov/edgar/common">7 rue du Marche-aux-Herbes</street1>
  <city xmlns="http://www.sec.gov/edgar/common">Luxembourg</city>
  <stateOrCountry xmlns="http://www.sec.gov/edgar/common">N4</stateOrCountry>
  <zipCode xmlns="http://www.sec.gov/edgar/common">L-1728</zipCode>
  </address>
  </sellerDetails>
  <securitiesClassTitle>Common Shares</securitiesClassTitle>
  <saleDate>05/13/2025</saleDate>
  <amountOfSecuritiesSold>77429</amountOfSecuritiesSold>
  <grossProceeds>1084227</grossProceeds>
  </securitiesSoldInPast3Months>
  <securitiesSoldInPast3Months>
  <sellerDetails>
  <name>Hutchison Whampoa Europe Investments S.a r.l.</name>
  <address>
  <street1 xmlns="http://www.sec.gov/edgar/common">7 rue du Marche-aux-Herbes</street1>
  <city xmlns="http://www.sec.gov/edgar/common">Luxembourg</city>
  <stateOrCountry xmlns="http://www.sec.gov/edgar/common">N4</stateOrCountry>
  <zipCode xmlns="http://www.sec.gov/edgar/common">L-1728</zipCode>
  </address>
  </sellerDetails>
  <securitiesClassTitle>Common Shares</securitiesClassTitle>
  <saleDate>05/12/2025</saleDate>
  <amountOfSecuritiesSold>28667</amountOfSecuritiesSold>
  <grossProceeds>402223.81</grossProceeds>
  </securitiesSoldInPast3Months>
  <remarks>Following repurchases and cancellation of common shares by the Issuer since January 1, 2024, the ownership interest of Hutchison Whampoa Europe Investments S.a r.l. ('HWEI'), a wholly owned subsidiary of CK Hutchison Holdings Limited, has increased by 0.45 percent. HWEI proposes to dispose of common shares equal to 0.45 percent so that its ownership interest remains at 16.93 percent, which is the level before the repurchases and cancellation. HWEI does not sell shares under the Issuer's normal course issuer bid buy back programs for technical reasons of efficiency.</remarks>
  <noticeSignature>
  <noticeDate>06/10/2025</noticeDate>
  <signature>/s/ James Girgulis</signature>
  </noticeSignature>
  </formData>
  </edgarSubmission>
metadata_documents: [{"type": "144", "sequence": "1", "filename": "primary_doc.xml", "secsgml_size_bytes": 4689}]
text: 144
  0001696588
  XXXXXXXX
  LIVE
  0001475260
  CENOVUS ENERGY INC.
  001-34513
  4100, 225 - 6 Avenue S.W.
  Calgary
  A0
  T2P 0M5
  403-766-2000
  CK Hutchison Holdings
  Affiliate
  Common Shares
  Goldman Sachs & Co
  200 West St
  New York
  NY
  10282
  1158189
  16312976.25
  1824948627
  06/10/2025
  NYSE
  Common Shares
  01/01/2021
  Share Exchange pursuant to a court-approved Plan of Arrangement between Cenovus Energy Inc. and Husky Energy Inc. on 01/01/2021
  CENOVUS ENERGY INC.
  N
  316927051
  01/01/2021
  Share Exchange
  N
  Hutchison Whampoa Europe Investments S.a r.l.
  7 rue du Marche-aux-Herbes
  Luxembourg
  N4
  L-1728
  Common Shares
  05/13/2025
  77429
  1084227
  Hutchison Whampoa Europe Investments S.a r.l.
  7 rue du Marche-aux-Herbes
  Luxembourg
  N4
  L-1728
  Common Shares
  05/12/2025
  28667
  402223.81
  Following repurchases and cancellation of common shares by the Issuer since January 1, 2024, the ownership interest of Hutchison Whampoa Europe Investments S.a r.l. ('HWEI'), a wholly owned subsidiary of CK Hutchison Holdings Limited, has increased by 0.45 percent. HWEI proposes to dispose of common shares equal to 0.45 percent so that its ownership interest remains at 16.93 percent, which is the level before the repurchases and cancellation. HWEI does not sell shares under the Issuer's normal course issuer bid buy back programs for technical reasons of efficiency.
  06/10/2025
  /s/ James Girgulis