Cenovus Energy Inc. (T:CVE)
Business Focus: Integrated Oil & Gas
| This company is also listed in the United States as CVE on the NYSE. Click here to get the live US quote and see if there are any SEC insider filings.. |
| Sector: Energy | Industry: Integrated Oil & Gas |
| Company Contact | |
| Address: | 4100, 225 - 6th Avenue SW CALGARY AB T2P 1N2 |
| Tel: | N/A |
| Website: | https://www.cenovus.com |
| 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 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. Net income benefited from Oil Sands segment income increase from C$467M to C$1.47B, U.S. |
| Employees: | 5,998 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $60,609M as of Mar 31, 2024 |
| Annual revenue (TTM): | $53,339M as of Mar 31, 2024 |
| EBITDA (TTM): | $11,328M as of Mar 31, 2024 |
| Net annual income (TTM): | $4,613M as of Mar 31, 2024 |
| Free cash flow (TTM): | $4,651M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $7,426M as of Mar 31, 2024 |
| Shares outstanding: | 1,865,196,000 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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