Principal commercial

Worker Type: Employee

Job Post End Date: 11/12/2025

About this opportunity:

Cenovus is seeking a Principal, Origination – Downstream Commercial for our Houston, Texas or Dublin, Ohio office. This senior role will drive the development and execution of commercial strategies that strengthen Cenovus’s integrated value chain and expand its commercial reach across North America. The Principal will originate, structure, and advance high-value critical initiatives, demonstrating a strong industry network and commercial competence to create long-term value. This prominent role involves collaborating across trading, refining, optimization, logistics, and business development to improve enterprise value.

What you’ll do:

• Identify, develop, and lead sophisticated commercial origination efforts supporting the refining and marketing segments, including crude supply optimization, refined product offtake, storage, and trading arrangements.
• Identify and evaluate strategic ownership, partnership, or investment opportunities in key midstream logistics assets—including terminals, pipelines, and storage infrastructure—to enhance market access, improve supply optionality, and strengthen downstream integration.
• Develop and maintain a forward-looking pipeline of pivotal initiatives that align with corporate growth and capital allocation priorities.
• Establish and nurture senior-level relationships with counterparties, joint venture partners, logistics providers, and key customers.
• Structure partnership and commercial frameworks that align interests, create mutual value, and support Cenovus’s integrated downstream strategy.
• Work across the value chain to connect crude supply, refining, and market access strategies—unlocking alignments and enabling flexible, high-margin pathways to market.
• Partner with refining operations, business development, corporate strategy, planning, trading, marketing, logistics, legal, and finance to evaluate and advance origination initiatives.
• Oversee economic evaluation, due diligence, and governance processes for partnership opportunities.
  
  

Who you are:

• Legally authorized to work in the US
• Bachelor’s degree in Engineering; MBA or master’s degree preferred.
• 20+ years of progressive experience in downstream or integrated energy markets, including roles in strategy, origination, or business development within a major or midstream/trading organization.
• Demonstrated success developing and executing strategic partnerships, joint ventures, or market access initiatives that drive enterprise value.
• Deep understanding of refined product markets, logistics networks, and value chain integration
• Proven ability to operate effectively in a complex, cross-functional, and fast-paced environment.
  
  

We acknowledge the value of transferrable skills and may consider equivalent combinations of experience and education should you not meet a specific requirement.

Note: The application deadline for this position is 11:59 PM MT NOVEMBER 11TH, 2025.

Cenovus was ranked one of Canada’s Best Employers in 2025. We’re committed to being an employer of choice in our industry by offering a competitive total rewards package and employee programs and rewarding career development opportunities. Learn more.

If you require accessibility assistance to complete the on-line application or otherwise apply for an open position with Cenovus, its subsidiaries and affiliates, please email [email protected].

Who we are:

Cenovus is an integrated energy company headquartered in Calgary. We’re committed to maximizing value by developing our assets in a safe, responsible and cost-efficient manner.

We operate in Canada, the United States and the Asia Pacific region. Our downstream operations include upgrading, refining and marketing operations in Canada and the United States. We are currently the largest refiner in Ohio and transport products from our refineries in Lima and Toledo, Ohio and Superior, Wisconsin via pipelines, rail cars and trucks to customers throughout the United States.

Other operations include oil sands projects in northern Alberta, thermal and conventional crude oil and natural gas projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and liquids production offshore China and Indonesia.

Find Cenovus on LinkedIn, Facebook and Instagram.

The Cenovus Experience

Total rewards

We’re committed to being an employer of choice through competitive compensation and our comprehensive total rewards package, including:

• Generous paid vacation
• Annual bonus
• Retirement savings plan matching
• Long-term incentives
• Medical & dental coverage
• Life insurance
• Disability benefits
• Employee assistance program
• Virtual healthcare coverage
• Generous leave of absence programs
• Fitness membership reimbursement
  
  

Our development philosophy

We foster a culture of continuous learning and development to support employees as they build meaningful careers. We offer a variety of employee development initiatives, including:

• Internal course offerings
• Education assistance for additional development
• Opportunities to work on special projects
• Leadership development programs for emerging and established leaders
  
  

We actively promote internal job movement, recognizing the value of gaining new perspectives, building connections across teams, and applying expertise in new ways. As a fully integrated energy company, we believe that sharing knowledge across our business and operations creates stronger outcomes—for employees and for the company as a whole.

Our culture

• Our purpose: We energize the world to make people’s lives better.
• Our values:
  • Protect what matters
  • Do it right
  • Make it better
  • Do it together
    
    

Cenovus Cares: We believe in the power of purpose-driven work. Our Employee Giving and Volunteering Program, Cenovus Cares, connects our people to our purpose, inspiring action and elevating impact year-round.

• Support causes you care about with volunteer opportunities in and outside of work.
• Earn donation grants while volunteering (up to $1,000 per event).
• Receive donation matching up to $25,000 annually.
• Staff resource groups: We have various staff resource groups to help ensure our people feel a sense of belonging and can grow and do their best work. These voluntary groups are employee-led and all groups are open to all staff in all locations.
  
  

Equal opportunity employer

We believe a workplace where everyone has merit-based opportunities to grow, achieve career aspirations and feel a sense of belonging benefits our people, our company and the regions where we live and work. We embrace and encourage different perspectives and approaches, which help us make better business decisions. We believe that through this approach, we can solve challenges, seize opportunities and unlock innovative solutions.

To achieve an unbiased and respectful workplace, individuals are evaluated based on qualifications, merit and abilities, and we encourage applications from all qualified candidates. We also acknowledge the value of transferrable skills and may consider equivalent combinations of experience and education should you not meet a specific requirement.

For more information about working at Cenovus, visit cenovus.com.

The requirements of this posting may be modified to support business needs. Title and compensation administration will be based on the skills and capabilities of the successful incumbent.

Interested in this opportunity? Click the Apply link.

If you are a CURRENT EMPLOYEE, please apply by going to our Internal Career Site.