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Cenovus Energy Inc (US) (N:CVE)

Business Focus: Integrated Oil & Gas

Sector:  Energy Industry:  Integrated Oil & Gas
Company Contact
Address: 4100, 225 - 6th Avenue SW
Tel: N/A
IR: See website
Key People
Alexander J. Pourbaix
President, Chief Executive Officer, Director
Susan M. Anderson
Senior Vice President - People Services
Jeffrey Ryan Hart
Chief Financial Officer, Executive Vice President
Jonathan M. Mckenzie
Chief Operating Officer, Executive Vice President
Keith A. Chiasson
Executive Vice President - Downstream
P. Andrew Dahlin
Executive Vice President - Corporate and Operations Services
Norrie C. Ramsay
Executive Vice President, Upstream - Thermal, Major Projects and Offshore
Karamjit S. Sandhar
Executive Vice President - Strategy and Corporate Development
J. Drew Zieglgansberger
Executive Vice President, Natural Gas and Technical Services
Gary Frederick Molnar
Senior Vice President - Legal, General Counsel and Corporate Secretary
Business Overview
Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.
Financial Overview
For the three months ended 31 March 2024, Cenovus Energy Inc (US) revenues increased 9% to C$13.4B. Net income applicable to common stockholders increased 86% to C$1.17B. Revenues reflect U.S. Manufacturing segment increase of 23% to C$7.24B, Oil Sands segment increase of 10% to C$5.93B, United States segment increase of 30% to C$7.9B, Oil Equivalent Production (Units/day) - increase of 4% to 615K barrels per day.