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Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G

Energy Oil & Gas Integrated
Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.


TSX:CVE - Post by User

Cenovus Energy Inc > unexpected weaker Q2 US refining margins being reported...
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Post by downwithdotcom1on Jul 24, 2024 10:48am
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Post# 36146106

unexpected weaker Q2 US refining margins being reported...

unexpected weaker Q2 US refining margins being reported...looks like refining could be a drag on earnings YET AGAIN....getting a little tired of this. CVE keeps selling the story that its part of their VALUE ADDED model - you mostly supply the cheaper (heavy) oil etc input and out comes all sorts of refined products at a higher dollar output but margins are looking rather anemic for Q2 ..see link below...dwdc




US refiners’ Q2 profits fall on low margins, soft fuel demand | BOE Report
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