Looking out over our Christina Lake project

Our operations

Our focus is on developing our vast Canadian oil sands assets. These assets are located in northern Alberta where we drill for oil and use specialized methods to pump it to the surface from deep underground. We also have a long history of producing conventional oil and natural gas in Alberta and Saskatchewan and we have 50 percent ownership in two refineries in the U.S.

Oil sands

Oil sands We have two producing projects in the oil sands — Foster Creek and Christina Lake — as well as several emerging projects for future development.

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Conventional oil and natural gas

Conventional oil and natural gas We have medium and heavy conventional oil assets, emerging tight oil assets and established, reliable natural gas operations that provide steady cash flow.

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Marketing and transporting our oil

Marketing and transporting our oil We’re focused on identifying new customers and transporting our oil around the world, to markets that provide the best prices. We move the majority of our oil by pipeline, complemented by rail transportation.

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Refineries We have 50-percent ownership in two U.S. refineries — Wood River in Illinois and Borger in Texas. Our partner, Phillips 66, operates the facilities.

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