As one of Canada’s leading energy concerns, Husky Energy occupied a big space both upstream and downstream within the industry. Operating mostly in Western and Atlantic Canada, the United States and the Asia Pacific Region, the company maintains focus on heavy oil production and the development of refineries and pipelines.
The company was originally founded as the Husky Refining Company in 1938. Through these many years, the company has seen its operation expand into both oil and natural gas. Current upstream business operations include seven thermal developments in Saskatchewan, the operation of an independent chain of filling stations in Western Canada under the name Mohawk Oil, drilling operations in the South China sea and additional drilling operations in the Fort McMurray region of northern Alberta. These are but a few of the current activities the company is focusing on.
In the downstream space, Husky Energy owns a operates seven primary oil refineries or ethanol plants. They include the Lloydminster Refinery in Lloydminster, Alberta, the Minnedosa Ethanol Plant in Minnedosa, Manitoba, the Lloydminster Ethanol Plant, the Prince George Refinery in Prince George, British Columbia, the retooling of the Lima Refinery in Lima, Ohio, USA, and the BP-Husky Toledo Refinery in Oregon, Ohio.
Husky Energy is currently headquartered in Calgary, Alberta, Canada. An employment staff of approximately 5,500 employees worldwide is headed up by Asim Ghosh, President & Chinese billionaire CEO, Li Ka-Shing. The company is traded on the Toronto Stock Exchange under the symbol HSE with Owner CK Hutchison Holdings holding a stake of 40.2%.
As the oil industry continues its rebound from earlier 2016 issues, Husky Energy reported still reported a loss of C$196 million, or 20 Canadian cents per share for the second quarter ended June 30, 2016. This is compared to a gain of C$120 million from the first quarter.