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Cenovus Outshines U.S. Oil Peers in Fourth Quarter, Looks to Oil Sands Expansions

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Cenovus 4Q19
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SUGAR LAND--February 13, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian oil producer Cenovus Energy Incorporated (NYSE:CVE) (Calgary, Alberta) saw a better end to 2019 than many of its U.S. peers, as Canadian crude prices remained strong and U.S. sales improved. The company benefited from Alberta's decision to ease curtailment rules enacted last year, which bolstered prices. Industrial Info is tracking about $2.9 billion in active Cenovus projects, including a series of upgrades at a pair of refineries co-owned in the U.S.

Within this article: Details on some of Cenovus' key projects in the Canadian oil sands, as well as upgrades planned by WRB Refining LP, a U.S.-based company co-owned by Cenovus and Phillips 66 (NYSE:PSX).

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Industry Segment: Production
Word Count: 766 Words
Attachment: Cenovus 4Q19
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