Cenovus Energy Inc. (T:CVE)
Business Focus: Integrated Oil & Gas
| This company is also listed in the United States as CVE on the NYSE. Click here to get the live US quote and see if there are any SEC insider filings.. |
| Sector: Energy | Industry: Integrated Oil & Gas |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 500 Centre Street SE, Stn M PO Box 766 CALGARY AB T2P 0M5 |
| Tel: | N/A |
| Website: | www.cenovus.com |
| IR: | See website |
| Key People | ||
| Patrick D. Daniel Independent Chairman of the Board | Alexander J. Pourbaix President, Chief Executive Officer, Director | Harbir S. Chhina Executive Vice President, Chief Technology Officer |
| Alan Craig Reid Executive Vice President - Stakeholder Engagement, Safety, Legal & General Counsel | Keith Chiasson Executive Vice President - Downstream | J. Drew Zieglgansberger Executive Vice President - Upstream |
| Sarah Walters Senior Vice President - Corporate Services | Gary Frederick Molnar Corporate Secretary | |
| Business Overview |
| Cenovus Energy Inc is a Canada-based integrated oil and natural gas company. The Company's operations, include oil sands projects in northern Alberta and oil production in Alberta and British Columbia. The Company is owner of two projects that are producing oil, Christina Lake and Foster Creek. The oil sands projects use a drilling method called steam-assisted gravity drainage or SAGD for short. The SAGD process uses natural gas to heat water into steam, which helps The Company to extract the oil out of the oil sands. The company also holds interest in two United States refineries, Wood River located in Roxana Illinois and Borger located in Borger Texas. |
| Financial Overview |
| For the three months ended 31 March 2019, Cenovus Energy Inc revenues increased 9% to C$5B. Net income before extraordinary items totaled C$110M vs. loss of C$914M. Revenues reflect Refining and Marketing segment increase of 20% to C$2.69B, Canada segment increase of 11% to C$3.15B, United States segment increase of 5% to C$1.86B. Net Income reflects Oil Sands segment income totaling C$467M vs. loss of C$258M. |
| Employees: | 2,264 as of Dec 31, 2018 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $22,341M as of Mar 31, 2019 |
| Annual revenue (TTM): | $21,238M as of Mar 31, 2019 |
| EBITDA (TTM): | $1,319M as of Mar 31, 2019 |
| Net annual income (TTM): | -$1,892M as of Mar 31, 2019 |
| Free cash flow (TTM): | $1,298M as of Mar 31, 2019 |
| Net Debt Last Fiscal Year: | $9,476M as of Mar 31, 2019 |
| Shares outstanding: | 1,228,711,414 as of Jun 3, 2019 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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