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Cenovus Energy Inc (N:CVE)

Business Focus: Integrated Oil & Gas

Sector:  Energy Industry:  Integrated Oil & Gas
Company Contact
Address: 225 6 Ave SW,
PO Box 766
Tel: N/A
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 nine months ended 30 September 2020, CenovusEnergy Inc revenues decreased 36% to C$9.8B. Net losstotaled C$2.23B vs. income of C$2.08B. Revenues reflectRefining and Marketing segment decrease of 41% to C$4.71B,Oil Sands segment decrease of 31% to C$5.09B, Canadasegment decrease of 33% to C$6.09B, United States segmentdecrease of 41% to C$3.71B. Net loss reflects Oil Sandssegment loss totaling C$785M vs. income of C$1.67B.