Cenovus Energy

Cenovus Energy, Inc. engages in provision of gas and oil. Its activities include development, production, and marketing of crude oil, natural gas liquids (NGLS), and natural gas in Canada. The firm operates through four segments: Oil Sands, Conventional, Refining & Marketing, and Corporate & Eliminations. The Oil sands segment includes the development and production of bitumen in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development. The Conventional segment includes includes land primarily in the Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas. The Refining and Marketing segment provides transportation and selling of crude oil, natural gas and NGLS. The Corporate and Eliminations segment includes unrealized gains and losses recorded on derivative financial instruments, divestiture of assets, as well as other administrative, financing activities and research costs. The company was founded in 1881 and is headquartered in Calgary, Canada.

Earnings data Q2 2023

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Cenovus Energy, Inc. is a Canadian-based integrated energy company, which engages in the provision of gas and oil. It operates through the following segments: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Corporate and Eliminations. The Oil Sands segment is involved in the development and production of bitumen and heavy oil in northern Alberta and Saskatchewan. The Conventional segment includes assets rich in NGLs and natural gas within the Elmworth-Wapiti, Kaybob-Edson, Clearwater and Rainbow Lake operating areas in Alberta and British Columbia and interests in numerous natural gas processing facilities. The Offshore segment operates, explore, and develop activities in China and the East Coast of Canada, as well as the equity-accounted investment in the Husky-CNOOC Madura Ltd. (HCML) joint venture in Indonesia. The Canadian Manufacturing segment owns and operates Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel, asphalt, and other ancillary products. The U.S. Manufacturing segment consists of refining of crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products at the wholly-owned lima Refinery and Superior Refiner, the jointly-owned Wood River and Borger refineries and the jointly-owned Toledo Refinery. The Corporate and Eliminations segment refers to the Cenovus-wide costs for general and administrative, financing activities, gains, and losses on risk management for corporate related derivative instruments and foreign exchange. The company was founded in 1881 and is headquartered in Calgary, Canada.

CALGARY, Alberta, July 22, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its 2021 second quarter results on Thursday, July 29. The news release will provide consolidated second quarter operating and financial information. Financial statements will be available that day on Cenovus's website.

Cenovus to hold Q2 conference call and webcast on July 29

CALGARY, Alberta, July 09, 2021 (GLOBE NEWSWIRE) -- Acceleware Ltd. (“Acceleware” or the “Company”) (TSXV: AXE), a leading developer of electrification technologies targeting low-cost, low-carbon and clean extraction of heavy oil and bitumen, is pleased to announce that Cenovus Energy Inc. (“Cenovus”) has joined the commercial-scale RF XL pilot project at Marwayne (the “Pilot”) as a consortium member. Cenovus will provide funding of up to $2 million and technical expertise in support of the Pilot under the terms of an agreement with Acceleware.

Cenovus Energy Inc. Announced as Consortium Member for Acceleware's Marwayne RF XL Pilot

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CALGARY, Alberta, June 09, 2021 (GLOBE NEWSWIRE) -- Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy and Suncor Energy formally announced today the Oil Sands Pathways to Net Zero initiative. These companies operate approximately 90% of Canada's oil sands production. The goal of this unique alliance, working collectively with the federal and Alberta governments, is to achieve net zero greenhouse gas (GHG) emissions from oil sands operations by 2050 to help Canada meet its climate goals, including its Paris Agreement commitments and 2050 net zero aspirations.

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Cenovus Energy (CVE) receives gross cash proceeds of C$102 million from the latest divestment.

Cenovus (CVE) Divests Marten Hills Royalty Interest to Topaz

CALGARY, Alberta, May 18, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has sold its gross overriding royalty (GORR) in the Marten Hills area of Alberta to Topaz Energy Corp. for gross cash proceeds of $102 million. The sale successfully closed today with a May 1, 2021 effective date. Cenovus will use the sale proceeds to reduce net debt, consistent with its commitment to use non-core asset sales to accelerate deleveraging to achieve the company's interim net debt target of $10 billion.

Cenovus sells Marten Hills royalty interest for more than $100 million

Severe winter in parts of the United States hurts Cenovus (CVE) in the first quarter.

Cenovus (CVE) Declines 3.1% Since Q1 Earnings Miss Estimates

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Cenovus Energy Inc. (CVE) CEO Alex Pourbaix on Q1 2021 Results - Earnings Call Transcript

Generates $1.1 billion in adjusted funds flow in first quarter 2021 Generates $1.1 billion in adjusted funds flow in first quarter 2021

Cenovus makes strong progress on Husky integration and synergies

Shares of ConocoPhillips climbed 1.8% in premarket trading Tuesday, after the oil and gas company reported first-quarter earnings that beat expectations, and announced the resumption of share repurchases and plans to start selling off its Cenovus Energy Inc. stake. The company swung to net income of $1.0 billion, or 75 cents a share, from a loss of $1.7 billion, or $1.60 a share, in the year-ago period.

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Virtual Annual Meeting of Shareholders to follow on May 12 Virtual Annual Meeting of Shareholders to follow on May 12

Cenovus to hold first-quarter conference call and webcast on May 7

CALGARY, Alberta, April 12, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has commenced a consent solicitation (the “Consent Solicitation”) with respect to a proposed amendment to the pledge agreement (the “2037 Notes Pledge Agreement”) in respect of Cenovus's outstanding 6.80% Notes due 2037 (the “2037 Notes”). The 2037 Notes were issued under an indenture, dated as of September 11, 2007 (as supplemented and amended, the “Indenture”) between Cenovus (as successor by amalgamation to Husky Energy Inc. (“Husky”)) and Wells Fargo Bank, National Association (as successor trustee to The Bank of Nova Scotia Trust Company of New York) (the “Trustee”). The Indenture also governs the outstanding 4.40% Notes due 2029 (the “2029 Notes”), 4.00% Notes due 2024 (the “2024 Notes”) and 3.95% Notes due 2022 (the “2022 Notes”) of Cenovus (in each case, originally issued by Husky).

Cenovus announces commencement of Consent Solicitation with respect to Cenovus's 6.80% Notes due 2037

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Cenovus (CVE) sets new targets of reaching net-zero emissions, while sticking to its core oil and gas business, to win over eco-minded investors.

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Cenovus Energy (CVE) expects higher commodity prices to omit the requirement of divesting assets.

Cenovus (CVE) Halts Husky Retail Fuel Station Sale: Here's Why

CALGARY, Alberta, March 31, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that effective March 31, 2021, its wholly owned subsidiary Husky Energy Inc. (“Husky”) has been amalgamated with Cenovus under the provisions of the Canada Business Corporations Act (the “amalgamation”). The company will continue to operate as Cenovus Energy Inc.

Cenovus completes amalgamation with Husky Energy Inc.

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News for Cenovus Energy Stock (CVE)