Cenovus Reviews | Glassdoor.ca

Cenovus Reviews

Updated 24 April, 2019
359 reviews

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2.6
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Cenovus President and Chief Executive Officer Alex Pourbaix
Alex Pourbaix
58 Ratings

Employee Reviews

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Pros
Cons
  • "Just recently, the major shake-up in upper management has brought doubts to the public whether this company would survive or not" (in 26 reviews)

  • "And as highlighted in other reviews, it is an old boys club" (in 11 reviews)

More Pros and Cons

  1. Helpful (2)

    "Great company"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Analyst in Calgary, AB
    Current Employee - Analyst in Calgary, AB
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Cenovus full-time (More than 3 years)

    Pros

    Competetive salary, benefits, vacation time. Nice building and convenient work settings. Managers help create work life balance for employees.

    Cons

    Some systems are a bit old creating unnecessary manual work


  2. "Not anymore"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Cenovus full-time

    Pros

    Had a competitive compensation package

    Cons

    Weak leadership employing a lot of "yes men".

  3. Helpful (3)

    "Risk Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Calgary, AB
    Current Employee - Anonymous Employee in Calgary, AB
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Cenovus full-time (More than 3 years)

    Pros

    In my opinion, it has definitely improved over the past year. I am happy with the new executive management as well as improved management at other levels of the organisation. I also feel that the strategy is more clear and focused now. I have found the company to be flexible with regards to working conditions as well.

    Cons

    Most of the downsides could be facing other oil and gas companies at the moment with the challenges facing the industry. It can be difficult to get approval for projects (though not impossible if there is a good business case).


  4. Helpful (2)

    "Uninspiring and stale"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Cenovus full-time (More than 3 years)

    Pros

    Good pay and vacation - comparable or better to other companies in town

    Cons

    Constant changing direction of business unit made it difficult to progress. Capital budget reductions over the years (understandable) made the workplace stale with less development opportunities.

    Advice to Management

    Honesty


  5. Helpful (3)

    "To many secrets, still a boys club playing favorites."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Some brilliant folks work here.

    Cons

    No capital to work with.


  6. Helpful (8)

    "Better portfolio management needed"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst
    Current Employee - Analyst
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Cenovus full-time (More than 3 years)

    Pros

    1. Lots of front line employees are brilliant to work with
    2. Salary and benefit still good for those remaining
    3. Upper management started to turn the ship slightly around

    Cons

    1. Lots of people don't understand hedging, still think the company performed poorly due to hedging and would be a cash machine once financial hedging was gone. Therefore no action is taken when WTI was in the 70s range.
    2. No blunt communications and always a rosy picture from HR. It would be so much better to speak the truth about the move to Brookfield was primarily for cost control than a collaborative work environment. Therefore tons of questions were followed such as "how do you handle moving people from offices to cubicles".

    Advice to Management

    1. Take a look at the company profile, understand its volatility and source, and plan hedging accordingly. Use hedging loss as an opportunity to learn rather than a reason to avoid a powerful tool.
    2. Give HR a green light to be more honest. People can handle truth. It is not like grass is greener somewhere else in Calgary anyway.


  7. "Good Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Cenovus full-time

    Pros

    Good benefits, bonus, great culture

    Cons

    As with all oilfield companies times are tough but things seem to be turning around

  8. Helpful (7)

    "Toxic culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Base pay is above average

    Cons

    Toxic culture of fear and distrust: back stabbing, lying, deception, passive aggressive management, highly reactive, full of nepotism, no support, undermine others to get ahead, rude and abusive behaviours (condescending, demeaning, belittling) by leadership is tolerated.

    Advice to Management

    Put employees not self-interests first.
    Do not dismiss concerns from employees.


  9. "Geologist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Geologist in Calgary, AB
    Former Employee - Geologist in Calgary, AB
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Cenovus full-time (More than 3 years)

    Pros

    Busy, challenging work environment that is constantly evolving.

    Cons

    Downturn has reduced overall budgets.


  10. Helpful (21)

    "HR postings on this website"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Cenovus full-time

    Pros

    HR has been posting on this website to improve the overall ratings under the direction of the CEO. This started when the company won the glass door award for one of the top ten worst company to work for in North America. Good company but this activity concerns me.

    Cons

    I work within the HR team and HR leadership has been asked to ensure there are ‘balanced’ reviews on this site per direction from the CEO. I am aware of two people in HR who are required to post on the site every few weeks. It’s not right and unethical so I’m am taking the risk to disclose this is happening.

    Advice to Management

    Be fair and truthful. Address the real employee concerns and give back some benefits and posting on this website will get better.