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: | www.cenovus.com |
| IR: | See website |
| Key People | ||
| Patrick D. Daniel Independent Chairman of the Board | Sarah J. Walters Senior Vice President - Corporate Services | Alexander J. Pourbaix President, Chief Executive Officer, Director |
| 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 |
| 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 fiscal year ended 31 December 2019, Cenovus Energy Inc revenues decreased 3% to C$20.18B. Net income before extraordinary items totaled C$2.19B vs. loss of C$2.92B. Revenues reflect Refining and Marketing segment decrease of 6% to C$10.51B, Deep Basin segment decrease of 20% to C$662M, United States segment decrease of 8% to C$8.38B. Net Income reflects Oil Sands segment income totaling C$1.92B vs. loss of C$359M. |
| Employees: | 2,361 as of Dec 31, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $22,952M as of Dec 31, 2019 |
| Annual revenue (TTM): | $20,181M as of Dec 31, 2019 |
| EBITDA (TTM): | $3,895M as of Dec 31, 2019 |
| Net annual income (TTM): | $2,194M as of Dec 31, 2019 |
| Free cash flow (TTM): | $1,842M as of Dec 31, 2019 |
| Net Debt Last Fiscal Year: | $8,429M as of Dec 31, 2019 |
| Shares outstanding: | 1,228,828,000 as of Dec 31, 2019 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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