Cenovus Energy Inc. is a Canadian integrated energy company with upstream and downstream operations across North America and international markets. Its upstream portfolio includes oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas, and natural gas liquids (NGLs) assets across Western Canada, crude oil production offshore Newfoundland and Labrador, and natural gas and NGL production offshore China and Indonesia. On the downstream side, Cenovus operates upgrading and refining facilities in Canada and the United States, along with commercial fuel operations across Canada. The company reports through the Oil Sands, Conventional, Offshore, Canadian Refining, U.S. Refining, and Corporate and Eliminations segments, with its Oil Sands business contributing the largest share of revenue. By geography, Cenovus generates most of its revenue from the United States, followed by Canada and China.