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: | 225-6 Avenue S.W., Stn M PO Box 766 CALGARY AB T2P 0M5 |
| Tel: | N/A |
| Website: | https://www.cenovus.com |
| IR: | See website |
| Key People | ||
| Alexander J. Pourbaix President, Chief Executive Officer, Director | Gary Frederick Molnar Corporate Secretary | Jonathan M. McKenzie Chief Financial Officer, Executive Vice President |
| Harbir S. Chhina Executive Vice President, Chief Technology Officer | Alan Craig Reid Executive Vice President - Stakeholder Engagement, Safety, Legal & General Counsel | Keith A. Chiasson Executive Vice President - Downstream |
| Norrie C. Ramsay Executive Vice President, Upstream | J. Drew Zieglgansberger Executive Vice President, Strategy & Corporate Development | Karamjit S. Sandhar Senior Vice President, Deep Basin | Sarah J. Walters Senior Vice President - Corporate Services |
| 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 six months ended 30 June 2020, Cenovus Energy Inc revenues decreased 42% to C$6.14B. Net loss totaled C$2.03B vs. income of C$1.89B. Revenues reflect Refining and Marketing segment decrease of 43% to C$3.14B, Oil Sands segment decrease of 39% to C$3.03B, Canada segment decrease of 43% to C$3.67B, United States segment decrease of 41% to C$2.47B. Net loss reflects Oil Sands segment loss totaling C$954M vs. income of C$1.15B. |
| Employees: | 2,361 as of Dec 31, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $14,831M as of Jun 30, 2020 |
| Annual revenue (TTM): | $15,716M as of Jun 30, 2020 |
| EBITDA (TTM): | $1,459M as of Jun 30, 2020 |
| Net annual income (TTM): | -$1,732M as of Jun 30, 2020 |
| Free cash flow (TTM): | -$418.00M as of Jun 30, 2020 |
| Net Debt Last Fiscal Year: | $10,095M as of Jun 30, 2020 |
| Shares outstanding: | 1,228,870,000 as of Jun 30, 2020 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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