Net Worth: $5.21 Billion
About Cenovus Energy
Cenovus Energy is an integrated oil and natural gas company headquartered in Calgary, Alberta with an estimated net worth of $5.21 Billion. The company was founded in 2009 when Encana Corporation split into two distinct companies, with Cenovus becoming focused on oil sands assets. In 2017, Cenovus purchased ConocoPhillips’ 50 percent share of their Foster Creek Christina Lake oil sands projects and most of their conventional assets in Alberta and British Columbia, including the Deep Basin.
This year in 2020, Cenovus announced the acquisition of Husky Energy for C$3.9 billion in stock, in which will purchase the company for more the 10% of its total market value including all of its assets and debts. the acquisition is expected to close in early 2021.
