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Cenovus Energy Inc
500 Centre Street SE, Calgary, Canada

Memberships : NA
Industry : Oil & Gas
Basic Member
Since Oct, 2016
About Company

At Cenovus, we’re committed to being a responsible developer of one of Canada’s most valuable resources – the oil sands. We apply fresh, progressive thinking to minimize our impact on the environment while safely producing energy resources the world needs.

We are proud of how we’re developing this resource and we stand behind our actions.

  • We make safety a priority at our work sites and in the communities where we operate
  • We foster a vibrant work environment that encourages diverse and innovative ideas
  • We build strong relationships and invest in our communities to help residents share in our success
  • We support economic development in Aboriginal communities near our operations – including about $1.5 billion spent since 2009 on goods and services supplied by Aboriginal businesses
  • We value innovative thinking, which helps us continue to improve our environmental performance in areas such as water use, land disturbance and greenhouse gas emissions
  • We collaborate with our peers, academics, governments and others to address the issues facing our industry
  • We focus on achieving predictable, reliable performance and maintaining the company’s financial resilience

We’re focused on creating long-term value through the development of our vast oil sands assets in northern Alberta, where we drill for oil and use specialized methods to pump it to the surface. We also have established conventional natural gas and oil production in Alberta and Saskatchewan and 50 percent ownership in two U.S. refineries. Cenovus is one of Canada’s top 35 largest companies by market capitalization and our shares trade on the Toronto and New York stock exchanges under the symbol CVE. We're based in Calgary, Alberta and have more than 4,500 staff members across our operations.

Our purpose, promise, values

How we do our work at Cenovus is as important as what we do. Our passion drives us to grow responsibly and live up to our commitments.

Our purpose, our promise and our values are more than just words on a page. They speak to the pride we all have in the work we do and in the way we do it. They speak to the importance of that work to world progress. Most importantly of all, they speak to the kind of company we are. The kind of company we want to be. They guide us in how we do our work today and as we grow.

Our history

Cenovus began independent operations on December 1, 2009 when Encana Corporation split into two distinct companies: one an oil company (Cenovus), the other a natural gas company (Encana).

Cenovus has retained assets from both PanCanadian Energy Corp. and Alberta Energy Company, the two Canadian oil and natural gas companies that merged to form Encana in 2002. It’s through those two companies that Cenovus can trace its roots.

PanCanadian: In 1881, the Government of Canada commissioned Canadian Pacific Railway (CPR) to build a transcontinental railroad to connect the country from east to west. As part of the deal, CPR was paid with land. In some cases mineral rights were included. A CPR crew drilling for water near Medicine Hat in 1883 actually made Alberta's first natural gas discovery and launched the petroleum era in Western Canada. PanCanadian is the oil and gas company that eventually emerged from that first discovery.

AEC: Amid the tumultuous oil shocks of the 1970s, the Government of Alberta created AEC to provide Albertans and other Canadians with an opportunity to participate, through share ownership, in the industrial and energy-related growth of the province.

Our Board

Our Board of Directors oversees the management of Cenovus’s business, to ensure long-term success, with a view to maximize shareholder value and ensure corporate conduct in an ethical and legal manner via an appropriate system of corporate governance and internal control.

The Board and its committees monitor Canadian and U.S. regulatory developments affecting corporate governance, accountability and transparency of public corporation disclosure to ensure compliance with the law and in the interest of shareholders.

The Board of Directors adopted a Board Diversity Policy on February 10, 2015. In accordance with the Nominating and Corporate Governance (NCG) Committee mandate and the Board Diversity Policy, the NCG Committee is responsible for identifying individuals qualified to become Board members and recommending to the Board proposed nominees for election or appointment. The NCG Committee seeks new nominees who have a sufficient range of skills, expertise, experience and independence to ensure our Board can carry out its mandate and function effectively, while considering the composition of the current Board.

The Board of Directors regularly evaluates its own effectiveness, as well as that of its committees and members. As part of this process, the Chair of the NCG Committee meets periodically with each Director. To assist the Chair’s review, each Director completes an anonymous effectiveness questionnaire as well as periodic self and peer evaluations.

Who we are

Why we exist (our purpose)
To fuel world progress
 
What we do (our promise)
To create value by responsibly providing energy the world wants
 

 

What we’re committed to
  • Working safely
  • Operating in a way that maintains and enhances our reputation
  • Making smart environmental choices every day
  • Strengthening the communities where we live and work
  • Having an engaging workplace
What differentiates us
  • Premium asset quality
  • Disciplined manufacturing
  • Focused innovation
  • Value-added integration
  • Trusted reputation

What's important to us

At Cenovus, we‘re committed to being a responsible developer of one of Canada’s most valuable resources – the oil sands. We apply fresh, progressive thinking to minimize our impact on the environment while safely producing energy resources the world needs.

We are proud of how we’re developing this resource and we stand behind our actions.

  • We make safety a priority at our work sites and in the communities where we operate
  • We foster a vibrant work environment that encourages diverse and innovative ideas
  • We build strong relationships and invest in our communities to help residents share in our success
  • We support economic development in Aboriginal communities near our operations – including about $1.8 billion spent since 2009 on goods and services supplied by Aboriginal businesses
  • We value innovative thinking, which helps us continue to improve our environmental performance in areas such as water use, land disturbance and greenhouse gas emissions
  • We collaborate with our peers, academics, governments and others to address the issues facing our industry
  • We focus on achieving predictable, reliable performance and maintaining the company’s financial resilience
Company NameCenovus Energy Inc
Business CategoryOil & Gas
Address500 Centre Street SE
Calgary
Canada
PresidentBrian Ferguson
Year Established2009
Employees5000
MembershipsNA
Hours of OperationNA
Company Services
  • Oil Sands
  • Sagd
  • Natural Gas
  • Drilling
  • Conventional Oil
  • Innovation
  • Energy
Phone NumberLocked contentSubscribe to view
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NamePositionContact DetailsSubscribe to view
***ContactLocked content
***ContactLocked content
***ContactLocked content
***President &Chief Executive OfficerLocked content
***Executive Vice-President, Oil Sands DevelopmentLocked content
***Executive Vice-President, Business InnovationLocked content
***Executive Vice-President, Safety & Organization EffectivenessLocked content
***Executive Vice-President, Corporate Strategy & President, DownstreamLocked content
***Executive Vice-President, Environment, Corporate Affairs, Legal & General CounselLocked content
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