Cenovus Energy Inc. (CVE) CEO Alex Pourbaix on Q1 2022 Results - Earnings Call Transcript

Cenovus Energy Inc. (NYSE:CVE) Q1 2022 Earnings Conference Call April 27, 2022 11:00 AM ET

Company Participants

Sherry Wendt - Vice President, Investor Relations

Alex Pourbaix - President and Chief Executive Officer

Jonathan McKenzie - Executive Vice President and Chief Operating Officer

Joseph Drew - Executive Vice President, Natural Gas & Technical Services

Kam Sandhar - Executive Vice President, Strategy & Corporate Development

Keith Chiasson - Executive Vice President, Downstream

Norrie Ramsay - Executive Vice President, Upstream, Thermal, Major Projects & Offshore

Conference Call Participants

Dennis Fong - CIBC Capital Markets

Greg Pardy - RBC Capital Markets

Phil Gresh - JPMorgan

Neil Mehta - Goldman Sachs

Manav Gupta - Credit Suisse

Operator

Good day, ladies and gentlemen, and thank you for standing by. Welcome to Cenovus Energy’s First Quarter Results. As a reminder, today’s call is being recorded. [Operator Instructions] Please be advised that this conference call may not be recorded or rebroadcast without the express consent of Cenovus Energy. I would now like to turn the conference call over to Ms. Sherry Wendt, Vice President, Investor Relations. Please go ahead, Ms. Wendt.

Sherry Wendt

Thank you, operator and welcome everyone to Synovus’ 2022 first quarter results conference call. Please refer to the advisories located at the end of today’s release. These describe the forward-looking information, non-GAAP measures, and oil and gas terms referred to today and outline the risk factors and assumptions relevant to this discussion. Additional information is available in Synovus’ annual MD&A and our most recent AIF and Form 40-F. All figures are presented in Canadian dollars and before royalties unless otherwise stated. Alex Pourbaix, our President and Chief Executive Officer, will provide brief comments and then we will take your questions. We ask that you please hold off on any detailed modeling questions and instead follow-up on those directly with our Investor Relations team after the call. And please also keep to one question with a maximum of one follow-up. You can rejoin the queue for any other questions. Alex, please go ahead.

Alex Pourbaix

Thanks, Sherry and good morning everyone. I want to start with our top priority, as always, which is health and safety. We continue on our top tier safety journey. Over the past month, our safety performance has fallen short of our own expectations. Well, thankfully, the incidents were at the relatively minor end of the spectrum such as slips on ice, they reinforce our need to be unrelenting with our focus in getting everyone home safely from their jobs.