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Cenovus Energy Inc (US) (N:CVE)

Business Focus: Integrated Oil & Gas

Sector:  Energy Industry:  Integrated Oil & Gas
 
Company Contact
Address: 225 - 6 Avenue S.W.,
P.O. Box 766
CALGARY AB T2P 1N2
Tel: N/A
Website: https://www.cenovus.com
IR: See website
Key People
N/A    
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 2021, CenovusEnergy Inc (US) revenues increased from C$3.97B to C$9.15B.Net income applicable to common stockholders totaled C$211Mvs. loss of C$1.8B. Revenues reflect Oil Sands segmentincrease from C$1.98B to C$4.45B, Conventional segmentincrease from C$159M to C$752M, Canada segment increasefrom C$2.4B to C$5.37B, United States segment increase fromC$1.57B to C$3.48B, Oil Equivalent Production (Units/day).