CVE - Cenovus Energy - Stock Price & Dividends

Cenovus Energy Inc. is a leading energy company that explores, produces, refines, transports, and markets a diverse range of energy products, including crude oil, natural gas, and refined petroleum products, across Canada and internationally.

The company's operations are divided into five segments, each with its unique focus and strengths. The Oil Sands segment is responsible for developing and producing bitumen and heavy oil in northern Alberta and Saskatchewan, with assets including the Foster Creek, Christina Lake, and Sunrise projects, as well as Lloydminster thermal and conventional heavy oil assets.

The Conventional segment focuses on natural gas liquids and natural gas assets, primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake in Alberta and British Columbia. This segment also has interests in various natural gas processing facilities, allowing for the efficient extraction and processing of these valuable resources.

The Offshore segment is engaged in exploration, development, and production activities in China and the East Coast of Canada, providing access to new markets and resources. This segment is critical in diversifying the company's portfolio and reducing dependence on traditional sources.

The Canadian Refining segment owns and operates the Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel, asphalt, and other ancillary products. Additionally, this segment operates the Bruderheim crude-by-rail terminal and ethanol plants, further expanding the company's refining capabilities.

The U.S. Refining segment refines crude oil to produce a range of products, including gasoline, diesel, jet fuel, asphalt, and other petroleum-based products. This segment plays a vital role in meeting the energy demands of the North American market.

Headquartered in Calgary, Canada, Cenovus Energy Inc. is well-positioned to capitalize on the growing demand for energy products, while maintaining a strong commitment to safety, sustainability, and community engagement. For more information, visit their website at https://www.cenovus.com.