Cenovus. An energy company for the 21st century
Cenovus Energy is a leading integrated oil company headquartered in Calgary, Alberta. Our operations include our growing enhanced oil projects and established natural gas and crude oil production in Alberta and Saskatchewan. We also have ownership interest in two high-quality refineries in Illinois and Texas.
Our expansive bitumen reservoirs, along with our considerable natural gas and crude oil production and cost-efficient refineries, offer significant opportunities for us to deliver long-term shareholder value.
The people at Cenovus are respectful of the environment and communities where we work and committed to applying fresh, progressive thinking to the development of energy resources the world needs.
Our shares are listed on the Toronto and New York stock exchanges and trade under the symbol CVE.
At a glance
- Positioned to be a leading integrated oil company
- More than 3,000 staff
- Proven track record of low-cost operations and environmental leadership
- Significant opportunity for enhanced oil production increases
- Superior financial position with a strong balance sheet and free cash flow streams from established assets
- Lower risk profile due to integration from natural gas as an input fuel through bitumen production to refined products
- Four top-quality enhanced oil projects: Foster Creek, Christina Lake and Pelican Lake in northeast Alberta, and Weyburn in Saskatchewan
- 50 percent interest in two quality refineries at Wood River (Illinois) and Borger (Texas) operated by ConocoPhillips; ConocoPhillips has a 50 percent interest in Foster Creek and Christina Lake, operated by Cenovus
- Coker and refinery expansion underway at the Wood River Refinery will place Cenovus among the leading heavy oil refiners in the U.S.
- Strong, reliable natural gas assets that have been producing for more than 35 years are the cornerstone of the company's financial strength
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Our world is growing everyday and so is our need for energy. But we're also changing the way we're using energy. So what does this mean for energy companies like Cenovus? Watch our video.
Did you know?
About 80 percent of the oil reserves in northeast Alberta are deep under the ground and can only be accessed using enhanced oil recovery methods, such as SAGD. Cenovus is a leader in SAGD, and uses this recovery method at both its Foster Creek and Christina Lake projects. All of Cenovus's high-quality leases in northeast Alberta require enhanced recovery techniques to extract the oil.
