Company profile

Future of Cenovus Energy Inc.

#
Rank
518
| Quantumrun Global 1000

Cenovus Energy Inc.is an integrated oil company headquartered in Calgary, Alberta. Cenovus was established on December 1, 2009 when Encana Corporation divided into 2 distinct companies with Cenovus becoming a focused integrated oil company. Some of Cenovus’s assets previously belonged to Alberta Energy Company (AEC) and PanCanadian Energy Corp., the 2 Canadian oil and gas companies that combined to form Encana in 2002.

Home Country:
Sector:
Industry:
Energy
Founded:
2009
Global employee count:
3500
Domestic employee count:
Number of domestic locations:
17

Financial Health

Revenue:
$12282000000 CAD
3y average revenue:
$15198666667 CAD
Operating expenses:
$12743000000 CAD
3y average expenses:
$14637333333 CAD
Funds in reserve:
$4105000000 CAD
Market country
Revenue from country
0.52
Market country
Revenue from country
0.48

Asset Performance

  1. Product/Service/Dept. name
    Refining and marketing
    Product/Service revenue
    8439000000
  2. Product/Service/Dept. name
    Oil sands
    Product/Service revenue
    2920000000
  3. Product/Service/Dept. name
    Conventional
    Product/Service revenue
    1128000000

Innovation assets and Pipeline

Investment into R&D:
$36000000 USD
Total patents held:
5
Number of patents field last year:
3

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the energy sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the most obvious disruptive trend is the shrinking cost and increasing energy generating capacity of renewable sources of electricity, such as wind, tidal, geothermal and (especially) solar. The economics of renewables are advancing at such a rate that further investments into more traditional sources of electricity, such as coal, gas, petroleum, and nuclear, are becoming less competitive in many parts of the world.

*Concurrent with the growth of renewables is the shrinking cost and increasing energy storing capacity of utility-scale batteries that can store electricity from renewables (like solar) during the day for release during the evening.

*The energy infrastructure in much of North America and Europe is decades old and is currently in the two-decade-long process of being rebuilt and reimagined. This will result in the installation of smart grids that are more stable and resilient, and will spur the development of a more efficient and decentralized energy grid in many parts of the world.

*The growing cultural awareness and acceptance of climate change is accelerating the public's demand for clean energy, and ultimately, their government's investment into cleantech infrastructure projects.

*As Africa, Asia, and South America continue to develop over the next two decades, their populations’ increasing demand first world living conditions will spur demand for modern energy infrastructure that will keep energy sector building contracts going strong into the foreseeable future.

*Significant breakthroughs in Thorium and fusion energy will be made by the mid-2030s, leading to their rapid commercialization and global adoption.

COMPANY’S FUTURE PROSPECTS

Company Headlines