At Cenovus, we’re committed to being a responsible developer of one of Canada’s most valuable resources – the oil sands. We apply fresh, progressive thinking to create value by responsibly providing energy the world wants. And we take great pride in what we do and in how we do it.
We’re focused on creating long-term value through the development of our vast oil sands assets in northern Alberta, where we drill for oil and use specialized methods to pump it to the surface. We have established conventional natural gas and oil production in Alberta and Saskatchewan. Cenovus also has 100 percent ownership in a crude-by-rail terminal located in Alberta and 50 percent ownership in two U.S. refineries.
Cenovus shares trade on the Toronto and New York stock exchanges under the symbol CVE. We’re based in Calgary, Alberta and have about 3,500 staff members across our operations.
2015 quick facts:
- Oil production: about 200,000 barrels/day net
- Natural gas production: about 440 million cubic feet/day net
- Refining capacity: 230,000 barrels/day net
- Capital expenditures: about $1.7 billion
- Cash flow1: about $1.7 billion
- Net revenues: about $13.1 billion
1 Cash flow is a non-GAAP measure and does not have a standardized meaning as prescribed by IFRS. Please review our most recent Management’s Discussion and Analysis, available at cenovus.com for a full discussion of the use of this measure.