Husky Energy

On January 1, 2021 Cenovus Energy acquired Husky Energy. The combined company is the third largest Canadian oil and natural gas producer and the second largest Canadian-based refiner and upgrader. Our Mission is to maximize the value of the company by responsibly developing oil and natural gas assets in a safe, innovative and efficient way.

Our strategy is focused on maximizing shareholder value through cost leadership and realizing the best margins for our products. We believe that maintaining a strong balance sheet will help Cenovus navigate through commodity price volatility and give us the flexibility to proceed with opportunities at all points in the price cycle. We aim to evaluate disciplined investment in our portfolio against dividend increases, share repurchases and maintaining the optimal debt level while retaining investment grade status. Our investment focus will be on areas where we believe we have the greatest competitive advantage.