Quarterlytics / Energy / Oil & Gas Integrated / Cenovus Energy

Cenovus Energy

CVE · TSX Energy
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Ticker CVE
Exchange TSX
Sector Energy
Industry Oil & Gas Integrated
Employees 1001-5000

Business description

Calgary-based Cenovus Energy Inc., along with its subsidiaries, is a leading player in the production, refining, transportation, and marketing of crude oil and natural gas in Canada and abroad. The company operates through five distinct segments, namely Oil Sands, Conventional, Offshore, Canadian Manufacturing, and U.S. Manufacturing. Its Oil Sands wing specializes in the development and production of bitumen and heavy oil in northern Alberta and Saskatchewan, for which it owns assets including Foster Creek, Christina Lake, Sunrise projects, and Lloydminster thermal and conventional heavy oil assets. Meanwhile, the Conventional segment holds natural gas liquids and natural gas assets concentrated in Alberta and British Columbia, specifically at locations such as Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake, and operates interests in various natural gas processing facilities. The Offshore segment, in turn, is engaged in offshore operation, exploration, and development activities in China and the East Coast of Canada. The Canadian Manufacturing division involves the company-owned and operated Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel, asphalt, and other ancillary products. It also has interests in Bruderheim crude-by-rail terminals and ethanol plants and markets its own and third-party products. Finally, the U.S. Manufacturing branch handles the refining of crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc., founded in 2009, has carved out a prominent standing in the energy market and continues to command attention.

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Company facts
TickerCVE
ExchangeTSX
Sector Energy
Industry Oil & Gas Integrated
Employees1001-5000