This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Crescent Point Energy Corp., now operating as Veren Inc. following a May 2024 name change, is a Canadian upstream oil and gas producer with operations in the Alberta Montney, Kaybob Duvernay, and Saskatchewan. Per the company's FY2024 guidance, annual production averaged approximately 191,000 to 199,000 BOE/d, with first quarter 2024 production of 198,500 BOE/d. Total revenue for FY2024 was approximately CAD $2.71 billion. The company allocated 45% of its 2024 capital budget to the Alberta Montney, 35% to Kaybob Duvernay, and 20% to Saskatchewan, while disposing of non-core Saskatchewan assets for CAD $600 million. On a pro forma basis, the company expected excess cash flow of $875 million at US$80/bbl WTI. All revenue derives from upstream fossil fuel exploration and production.
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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