Cenovus Energy Inc. (CXD)

Overview

Cenovus Energy Inc. is a comprehensive energy company engaged in a range of activities related to the development, production, refining, transportation, and marketing of crude oil, natural gas, and refined petroleum products on a global scale. With operations that span Canada and international markets, the company is structured into several segments: Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining. Each segment addresses a different aspect of energy production and processing, from extracting bitumen and heavy oil in regions like northern Alberta and Saskatchewan to refining crude oil in the United States. Headquartered in Calgary, Canada, Cenovus Energy Inc. positions itself as a leader in delivering energy solutions to meet a variety of market demands.

Products and Services

• Oil Sands

  Development and production of bitumen and heavy oil through assets such as Foster Creek, Christina Lake, and Sunrise projects, along with Lloydminster thermal and conventional heavy oil assets. These operations focus on extracting valuable hydrocarbons from one of Canada's most significant natural resources, the oil sands region.

• Conventional

  Focused on the extraction and processing of natural gas liquids and natural gas, primarily located in key areas like Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake in Alberta and British Columbia. Cenovus also holds interests in various natural gas processing facilities, ensuring the efficient handling and transport of these energy sources.

• Offshore

  Engagement in offshore operations, exploration, and development activities in international waters, including China and the East Coast of Canada. This segment explores the potential of offshore fields in providing energy solutions beyond conventional onshore methods.

• Canadian Refining

  Ownership and operation of the Lloydminster upgrading and asphalt refining complex. This facility plays a critical role in converting heavy oil and bitumen into synthetic crude oil, diesel, asphalt, and other ancillary products. Additionally, assets include the Bruderheim crude-by-rail terminal and ethanol plants, further diversifying Cenovus's refining capabilities within Canada.

• U.S. Refining

  Refining operations in the United States, concentrating on the transformation of crude oil into essential products including gasoline, diesel, jet fuel, asphalt, and other related products. This segment highlights Cenovus Energy's cross-border operational capability and its role in satisfying varied energy demands in the American market.