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CPG on NYSE

Crescent Point Energy

Logo: Pyamkowy, CC BY 4.0, via Wikimedia Commons5

Canadian oil and gas company

Veren Inc. (formerly Crescent Point Energy) was an oil and gas exploration and production company based in Calgary, Alberta, Canada. The company focused primarily on light oil production in southern Saskatchewan and central Alberta. The company was founded in 2001, and was one of the largest independent oil and gas producers in Canada, having a significant presence in the Western Canadian Sedimentary Basin.3 Its shares trade on NYSE under the symbol CPG.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

2001Founded1

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  • TickerCPG on NYSE1
  • Industrypetroleum industry1
  • HeadquartersCalgary1
  • Websitewww.crescentpointenergy.com
  • Legal formAlberta Business Corporation1
  • Listed onToronto Stock Exchange (CPG), New York Stock Exchange (CPG)1
  • Incorporated inAlberta, Canada6
  • Business addressSuite 2000, 585-8Th Avenue Sw, Calgary, A0 T2P 1G16
  • LEI549300FTKUHZK8OC7N744
  • StatusInactive4
  • LEI statusRetired4
  • Registered address400 - 3rd Avenue South West, T2P 4H2 Calgary, Canada4
  • Registered withMinistry of Service Alberta, 20157788774

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Veren Inc. (formerly Crescent Point Energy) was an oil and gas exploration and production company based in Calgary, Alberta, Canada. The company focused primarily on light oil production in southern Saskatchewan and central Alberta. The company was founded in 2001, and was one of the largest independent oil and gas producers in Canada, having a significant presence in the Western Canadian Sedimentary Basin.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.

Key numbers, fiscal 2018

16.2%Revenue growth, 20188

Where the money goes

Where each dollar of revenue went, fiscal 2018

  • Other costs100¢3.3B CAD

Out of 3.3B CAD in revenue.8

Financial statements

Revenue83.3B CAD in 2018+16% since 2017
01.0B CAD2.0B CAD3.0B CAD4.0B CAD2017: 2.9B CAD2.9B CAD20172018: 3.3B CAD3.3B CAD2018+16%
Fiscal year20172018
Revenue2.9B CAD83.3B CAD8
Selling, general and admin
Interest
Income before tax
Income tax
Earnings per share-0 CAD/shares8-5 CAD/shares9
Earnings per share (diluted)-0 CAD/shares8-5 CAD/shares9
Shares (weighted, basic)
Shares (weighted, diluted)

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Corporate structure

Crescent Point Energy sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Crescent Point Energy

  • Crescent Point Energy Calgary, Alberta, Canada

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Crescent Point Energy reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net9.8B CAD12 Dec 31, 202410.7B CAD12 Dec 31, 2023−9.0%
Operating-lease assets (leased space)569.0M CAD12 Dec 31, 2024102.8M CAD12 Dec 31, 2023+453.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents17.1M CAD12 Dec 31, 202417.3M CAD12 Dec 31, 2023−1.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill243.8M CAD12 Dec 31, 2024275.9M CAD12 Dec 31, 2023−11.6%

The story

In 2001, Crescent Point Energy began trading on the TSX Venture Exchange as a junior exploration and production company. It joined the Toronto Stock Exchange the following year. The company's name was derived from a road leading to a summer cabin in Thunder Bay, Ontario, owned by the grandfather of president and CEO Scott Saxberg.

In 2003, it merged with Tappit Resources. As part of the merger, the company converted to an income trust. In February 2007, it acquired Mission Oil and Gas for $628 million. In 2009, Crescent Point converted back to a normal corporation from an income trust.

In 2010, Crescent Point acquired properties in the Lower Shaunavon resource play in southwest Saskatchewan from Penn West Energy Trust.

In May 2015, Crescent Point acquired Legacy Oil and Gas for $1.5 billion.

On May 29 2018, Crescent Point announced that Scott Saxberg would be leaving the company after 17 years, with Craig Bryksa taking over duties as president and CEO on an interim basis. On September 5, 2018, Crescent Point confirmed Craig Bryksa as its new president and CEO. Robert (Bob) Heinemann also replaced Peter Bannister as chairman on Crescent Point's board of directors. Barbara Munroe was appointed as board chair following Bob Heinemann's retirement in October 2019.

On February 17, 2021, Crescent Point announced strategic entry into the Kaybob Duvernay play by acquiring 30,000 boe/d of production for $900 million from Shell Canada Energy. In March 2023, Crescent Point acquired Spartan Delta's oil and gas assets in the Alberta Montney, for $1.7 billion. In November 2023, the company further expanded into the Alberta Montney by acquiring Hammerhead Energy Inc. for $2.55 billion.

In March 2024, the company announced that it would rebrand as Veren; the name change was considered a reflection of changes in the company's operations since Bryksa took over as CEO.

In March 2025, Whitecap Resources announced its intent to acquire Veren. The acquisition was completed on May 12, 2025.

From Wikipedia’s article on Veren (company), shared under CC BY-SA 4.0.7

Former names

  • Crescent Point Energy Corp.Apr 2, 2012 to May 10, 20246

Timeline

  1. 2001Founded Founded1
  2. Jan 3, 1994Went public Listed on NYSE1

Filings

121 filings to the SEC since October 2021: 4 annual reports, 7 large holders, 110 other. The latest 20:

  1. May 12, 2025F-3DPOS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM F-3 EDGAR
  2. May 12, 2025F-10POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM F-10 EDGAR
  3. May 12, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  4. May 9, 20256-K EDGAR
  5. May 8, 20256-K EDGAR
  6. May 7, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. Apr 8, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Mar 20, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  9. Mar 10, 20256-K EDGAR
  10. Feb 27, 202540-F EDGAR
  11. Feb 27, 20256-K EDGAR
  12. Feb 27, 20256-K EDGAR
  13. Feb 27, 20256-K EDGAR
  14. Feb 20, 20256-K EDGAR
  15. Jan 21, 20256-K EDGAR
  16. Nov 13, 2024SC 13G/A EDGAR
  17. Oct 31, 20246-K EDGAR
  18. Oct 31, 20246-K EDGAR
  19. Oct 31, 20246-K EDGAR
  20. Oct 24, 20246-K EDGAR

The 121 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Crescent Point Energy is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVeren Inc.2
  • CIK0001545851
  • Incorporated inAlberta17
  • Fiscal year endsDecember 312
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business addressSuite 2000, 585-8Th Avenue Sw, Calgary, A0 T2P 1G12
  • Phone403-693-00202
  • Shares outstanding611,816,627 as of Dec 31, 202412
  • On EDGAR sinceApr 2, 20122
  • Filings409 in all: 6-K (346), 40-F (12), SC 13G/A (9), SC 13G (6), D (4), F-X (4), F-10 (3), 40-F/A (2)2
    All 24 form types

    6-K/A (2), CORRESP (2), F-10/A (2), F-X/A (2), FWP (2), SUPPL (2), UPLOAD (2), 25-NSE (1), 40FR12B (1), CERTNYS (1), F-10POS (1), F-3D (1), F-3DPOS (1), S-8 (1), S-8 POS (1), SD (1)

  • Latest filingsAnnual report (40-F) Feb 27, 2025

Securities registered for trading

ClassSymbolExchange
Common SharesVRNNew York Stock Exchange

From the cover page of the 40-F filed Feb 27, 2025 (Section 12(b) of the Exchange Act).17

Sources

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