Cenovus Energy Inc. is a Canadian integrated energy company engaged primarily in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s upstream portfolio spans heavy oil and bitumen extraction from oil sands projects in Alberta as well as conventional crude oil and natural gas properties in Western Canada. Cenovus employs steam-assisted gravity drainage (SAGD) technology at key operations to recover bitumen, which is then processed into low-carbon-intensity synthetic crude oil.
In addition to its upstream activities, Cenovus owns and operates midstream infrastructure, including gathering systems, natural gas processing facilities and pipelines that transport hydrocarbons to markets. Following its 2021 acquisition of Husky Energy, the company significantly expanded its downstream footprint with refining assets in the United States. These include the Wood River refinery in Illinois, the Borger refinery in Texas and a minority interest in the Lima, Ohio refinery, collectively producing gasoline, diesel, jet fuel, asphalt and other refined products.
Headquartered in Calgary, Alberta, Cenovus was formed in 2009 through the spin-off of EnCana Corporation’s oil sands business and has since pursued disciplined growth through both organic development and strategic acquisitions. The company markets its crude oil and refined products across Canada, the United States and select international markets in Asia. Cenovus also participates in energy trading and marketing activities to optimize its product sales and managing market exposure.
Cenovus Energy is led by President and Chief Executive Officer Alex Pourbaix and a senior management team with deep expertise in operations, finance and sustainability. The company continues to prioritize operational efficiency, emissions reduction and social responsibility initiatives in the communities where it operates.
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