Services

Our Services

Our People

We believe our success begins and ends with our people, whose talents, ideas and determination give us a competitive advantage.
Investing in our employees and nurturing their potential helps them develop skills to adapt to new technologies, build leadership capabilities that reflect our culture and maximize performance.

Our Culture Is the Foundation for the Future

Taking on challenges is part of who we are. Still, we need to ensure everyone has the right resources to succeed and an environment where they belong. We are dedicated to developing our people as we seek to achieve our vision of becoming the leading integrated downstream energy provider.

Work for the greater good.

We embrace our values as a common bond. Living our values earns us the confidence of our business partners, communities and co-workers.

Cultivate an environment of trust.

We depend on each other to do our jobs. Trusting each other makes us more productive and agile.

Seek different perspectives.

We create space for new possibilities. Being inclusive enables us to innovate and thrive.

Pursue excellence.

We challenge ourselves and never settle. Driving continuous improvement ensures we deliver extraordinary performance.

Our purpose & values

Experience Work With Global Industries

Our strategy

Our strategy focuses on delivering value over the long term through sustainable, low-cost, diversified and integrated energy leadership, supported by five strategic objectives:

Top-tier safety performance and sustainability leadership.

We strive to ensure safe and reliable operations across our portfolio, including top-tier health and safety performance. We are also committed to progressing our sustainability leadership.

Cost leadership. We aim to maximize shareholder value through competitive cost structures and optimized margins.
Financial discipline. We are focused on maintaining targeted debt levels while positioning Cenovus for resiliency through commodity price cycles.
Returns-focused capital allocation. We continue to take a disciplined approach to allocating capital to projects that generate returns at the bottom of the cycle. Our shareholder returns strategy is complementary to our business.
Free funds flow growth. We continue to prioritize free funds flow generation through all price cycles to manage our balance sheet, increase shareholder returns through dividend growth and share repurchases, reinvest in the business and diversify.

Our company

We’re a Canadian-based integrated energy company headquartered in Calgary. We’re committed to maximizing value by developing our assets in a safe, responsible and cost-efficient manner.

Governance

92%

Health & safety

82%

Leadership team

97%

Board of directors

73%

Certified Team

87%

Our values

Our values provide the framework to guide our daily behaviour and decision making.

Safety will always be our top value. We care about each other, our communities and the environment.

Accountability is vital, and how we achieve results makes a difference. We listen, respect and value diversity. We are transparent and act with integrity.

Performance matters and we always look for opportunities to improve. We make decisions with a sense of urgency and pivot to meet changing needs. We don’t shy away from hard work or difficult conversations.