TSX:CVE (Cenovus Energy)

About CVE

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.
  • Cenovus Energy (TSX: CVE) Latest News

    money cash dividends
    Investing

    The Best TSX Stocks to Invest $5,000 in November 2023

    TSX stocks have been spiraling down, but now might be the time to swipe some bargains. Here are three stocks…

    Read more »

    Energy Stocks

    TFSA Investors: The Best Energy Stocks for Fast-Growing Dividends

    Canadian energy stocks might be the best place for dividend growth in 2024. Here are three stocks to buy for…

    Read more »

    Energy Stocks

    3 Top Energy Stocks That Pay Excellent Dividends

    Canadian energy stocks are in an excellent position to significantly grow their dividends. Here are three stocks for big income…

    Read more »

    oil and natural gas
    Energy Stocks

    Investing in Canadian Energy Stocks: Is Now the Right Time?

    Three Canadian energy stocks are flashing buy signals because of new business developments, not only rising oil prices.

    Read more »

    Energy Stocks

    2 Smart Ways to Invest With Rising Oil Prices

    Despite extreme volatility in oil prices of late, certain Canadian energy stocks remain interesting bets, including these two names.

    Read more »

    four people hold happy emoji masks
    Stocks for Beginners

    The Top Stocks to Buy With $6,500 Right Now

    Here are three stocks to buy with $6,500 today.

    Read more »

    Energy Stocks

    Better Buy: Suncor Energy Stock or Cenovus Energy Stock?

    Suncor and Cenovus are two of Canada's largest energy stocks. They have considerable torque from rising oil prices. Which is…

    Read more »

    Dividend Stocks

    TFSA Investors: The Best TSX Energy Stocks for Fast-Growing Passive Income

    If you want to earn elevated, tax-free income, these three TSX energy stocks could be a good bet for your…

    Read more »

    canadian energy oil
    Energy Stocks

    Cenovus Energy Is Profiting Off High Oil Prices

    Cenovus Energy (TSX:CVE) stock gained thanks to high oil prices in 2022. Could this year be similar?

    Read more »

    Energy Stocks

    3 Stocks Powering the Green Economy

    Three Canadian stocks that power the green economy and commit to a net zero world should attract more ESG investors.

    Read more »

    bulb idea thinking
    Energy Stocks

    Energize Your Portfolio With This Top TSX Stock

    Here's why Cenovus is one of the best ways Canadian investors can energize their portfolio in this current environment.

    Read more »

    Dividend Stocks

    Dividend Riches: Investing in the Canadian Oil Patch

    Investors can accumulate riches in the Canadian oil patch by owning shares of the sector’s top dividend payers.

    Read more »