About Cenovus
Cenovus is a company based in Calgary (Canada) founded in 2009.. The company has 7,150 employees as of December 31, 2024. Cenovus has completed 3 acquisitions, including Husky Energy, MEG Energy and bp. Cenovus operates in a competitive market with competitors including Dominion Energy, Eni Next, Shell, Oxy and Naturgy, among others.
- Headquarter Calgary, Canada
- Employees 7150 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cenovus Energy Inc.
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Annual Revenue
$37.73 B (USD)3.97as on Dec 31, 2024
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Net Profit
$2.18 B (USD)-23.53as on Dec 31, 2024
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EBITDA
$6.9 B (USD)-3.25as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
7150
as on Dec 31, 2024
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Investments & Acquisitions
Husky Energy
& 2 more
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IPO & Listings of Cenovus
Cenovus is a publicly listed company on the TSX with ticker symbol CVE in Canada, operating in the Energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
93 people
Senior Team
60 people
Operations Team
58 people
Leadership Team
33 people
Finance and Accounting
33 people
Product Management Team
21 people
Sr. Team
19 people
Sales and Marketing
19 people
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Funding Insights of Cenovus
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(03 Mar 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Post-IPO - Cenovus | Valuation |
investors |
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| Mar, 2015 | Amount | Post-IPO - Cenovus | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cenovus
Cenovus has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include GMO. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified asset management services are provided to institutional clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cenovus
Cenovus has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Husky Energy, MEG Energy and bp. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Exploration and Development Company Focused on Oil Sands in Alberta
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1999 | ||||
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Integrated upstream and downstream oil and gas operations are conducted.
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1938 | ||||
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bp is recognized as a global energy company.
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1909 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cenovus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cenovus Comparisons
Competitors of Cenovus
Cenovus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dominion Energy, Eni Next, Shell, Oxy and Naturgy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Energy production and transportation are conducted by Dominion Energy.
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| domain | founded_year | HQ Location |
Provider of exploration, production, and distribution services of oil & gas
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| domain | founded_year | HQ Location |
Shell is recognized as a global energy and petrochemical company.
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| domain | founded_year | HQ Location |
Integrated petroleum services are provided worldwide by Oxy.
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| domain | founded_year | HQ Location |
Electricity and natural gas distribution services are provided globally.
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| domain | founded_year | HQ Location |
Gazprom is engaged in the exploration, production, and distribution of natural gas.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cenovus
Frequently Asked Questions about Cenovus
When was Cenovus founded?
Cenovus was founded in 2009 and raised its 1st funding round 6 years after it was founded.
Where is Cenovus located?
Cenovus is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of Cenovus?
Alexander Pourbaix is the current CEO of Cenovus.
How many employees does Cenovus have?
As of Dec 31, 2024, the latest employee count at Cenovus is 7,150.
What is the annual revenue of Cenovus?
Annual revenue of Cenovus is $37.73B as on Dec 31, 2024.
What does Cenovus do?
Founded in 2009 and headquartered in Calgary, Canada, Cenovus operates within the energy sector, focusing on oil and natural gas activities. Refining, transportation, storage, and marketing services are provided across integrated operations. In 2022, annual revenues of 47.58 billion were achieved, alongside a net profit of 4.13 billion. Leadership is directed by CEO and President Alexander Pourbaix.
Who are the top competitors of Cenovus?
Cenovus's top competitors include Dominion Energy, Shell and Oxy.
Is Cenovus publicly traded?
Yes, Cenovus is publicly traded on TSX under the ticker symbol CVE.
How many acquisitions has Cenovus made?
Cenovus has made 3 acquisitions, including Husky Energy, MEG Energy, and bp.
Who are Cenovus's investors?
Cenovus has 1 investor. Key investors include GMO.
What is Cenovus's ticker symbol?
The ticker symbol of Cenovus is CVE on TSX.