Who owns Toledo Refinery?
Toledo Refinery is owned by Cenovus (Canada, TSX: CVE).[1]
Evidence: Cenovus Energy Inc. Annual Report on Form 40-F filed 2026-02-19, SEC EDGAR, 19 February 2026. Verified from filings; last checked .
Key facts
- Current owner
- Cenovus Energy Inc. verified
- Owner HQ
- 🇨🇦 Canada
- Origin
- 🇺🇸 United States
- Category
- Energy › Oil & gas › Refining & marketing
- Parent ticker
- TSX: CVE NYSE: CVE
- Last verified
- · 1 sources
About Toledo Refinery
The Toledo Refinery in Ohio became wholly owned and operated by Cenovus when it closed the purchase of the remaining 50 percent interest on 28 February 2023, according to Cenovus's 2025 AIF. It processes heavy crude from the company's oil sands operations.
Ownership timeline of Toledo Refinery
Where Toledo Refinery sits in Cenovus
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Cenovus ownership tree →
See the full Cenovus brand portfolio (3) →
Other brands owned by Cenovus
Cenovus controls 3 brands on Brandtree, 3 of them in energy.
Also in energy
Other brands in refining & marketing, and who owns them
The 21 brands in refining & marketing on Brandtree belong to 18 owners. The largest is Saudi Aramco, with 2; Cenovus has 2.
| Brand | Owner | Owner based in |
|---|---|---|
| Petro-Canada Lubricants | HF Sinclair | 🇺🇸 United States |
| Aramco Trading | Saudi Aramco | 🇸🇦 Saudi Arabia |
| Castrol | bp | 🇬🇧 United Kingdom |
| Moove | Cosan | 🇧🇷 Brazil |
| Cosmo Oil Marketing | Cosmo Energy | 🇯🇵 Japan |
| Certas Energy | DCC | 🇮🇪 Ireland |
| Reficar | Ecopetrol | 🇨🇴 Colombia |
| Enilive | Eni | 🇮🇹 Italy |
About the owner: Cenovus
Cenovus is a publicly listed company headquartered in Canada. Brandtree records 3 brands under its control, and it is listed as TSX: CVE and NYSE: CVE.
Cenovus's 2025 Annual Information Form says it was formed under the Canada Business Corporations Act on 30 November 2009 and combined with Husky Energy on 1 January 2021. The AIF says its common shares trade on the TSX and NYSE under CVE, that Cenovus completed the acquisition of MEG Energy on 13 November 2025, and that it divested its 50 percent interest in the Wood River and Borger refineries on 30 September 2025.
🇺🇸 Toledo Refinery and other American brands
Brandtree records a controlling owner for 2,399 brands that began in the United States. 461 of them (19%) are now controlled by a company headquartered in another country, Toledo Refinery among them.
- AES Ohio — AES 🇺🇸
- Agway Energy Services — Suburban Propane 🇺🇸
- Alabama Power — Southern Company 🇺🇸
- AmeriGas — UGI 🇺🇸
- American Transmission Company — WEC Energy Group 🇺🇸
- Arch Resources — Core Natural Resources 🇺🇸
Frequently asked questions
Who is the parent company of Toledo Refinery?
The parent company of Toledo Refinery is Cenovus, a publicly listed company headquartered in Canada.
Is Toledo Refinery American or Canadian?
Toledo Refinery originated in the United States, but it is owned today by Cenovus, which is headquartered in Canada. So Toledo Refinery is an American-origin brand under Canadian ownership.
Is Toledo Refinery still owned by Cenovus?
Yes. As of 5 October 2026, Toledo Refinery is still owned by Cenovus. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Cenovus Energy Inc. Annual Report on Form 40-F filed 2026-02-19 — SEC EDGAR, SEC filing, published 19 February 2026; retrieved 5 October 2026.
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