Husky Energy is one of Canada's largest integrated energy companies. It is headquartered in Calgary, Alberta, and is publicly traded on the Toronto Stock Exchange under the symbols HSE, HSE.PR.A, HSE.PR.B, HSE.PR.C, HSE.PR.E and HSE.PR.G.The Company operates in Canada, the United States and the Asia Pacific Region with Upstream and Downstream business segments.

Husky's balanced growth strategy focuses on consistent execution, disciplined financial management and safe and reliable operations.

Foundation - Heavy Oil and Western Canada

Husky's historic foundation is in Heavy Oil and Western Canada.

The Company is rejuvenating its Heavy Oil business with an increased focus on thermal technologies and horizontal wells to tap into the significant resource in place.

In Western Canada, the Company is pursuing oil and liquids-rich gas resource plays to further unlock value from its extensive land position.

Growth Pillars

The Company's foundation in Heavy Oil and Western Canada supports major growth opportunities in the Asia Pacific Region, the Oil Sands and the Atlantic Region.

Asia Pacific Region

The Asia Pacific Region is a major growth area for Husky. Its focus is on the producingLiwan Gas Project in the South China Sea and to further progress opportunities offshoreIndonesia.

Oil Sands

Husky has a portfolio of oil sands leases which include its Sunrise Energy Project and other properties in its emerging oil sands portfolio. Sunrise is a premier, in-situ oil sands development in northeastern Alberta that marks the beginning of a new era for the Company in developing this increasingly important source of energy.

Atlantic Region

The Atlantic Region is a core development area for Husky. In the Jeanne d'Arc Basin it has a 72.5 percent working interest in the White Rose field and a 68.75 percent working interest in the satellite South and West White Rose fields and North Amethyst. Husky has a 35 percent working interest in three Flemish Pass Basin discoveries: Bay du Nord, Mizzen and Harpoon. The Company also has a 13 percent working interest in the partner-operated Terra Nova field.

Downstream

The Company's focused integration strategy helps capture refined product pricing for its Western Canada heavy oil, bitumen and light oil production and assists in mitigating market volatility.

Downstream operations target three primary objectives: increasing feedstock flexibility to bring the best-priced crude to the Company's refineries, improving product flexibility in the range of its products to capitalize on opportunities and enhancing market access to achieve the best returns.

Retail Marketing

Husky's retail distribution network includes the wholesale, commercial and retail marketing of refined petroleum products and provides income from non-fuel related revenues through Husky's convenience store, restaurant and car wash operations.

Safety Performance

The Company's focus on safety helps to protect the public, its employees, the environment and its assets while providing for efficient and productive operations.

Along with its rigorous occupational safety programs, the Company is driving continuous improvement in process safety.

Areas of Operations

Husky operates in Western and Atlantic Canada, the United States and the Asia Pacific Region, with Upstream and Downstream business segments.

The Company's conventional oil and natural gas assets, heavy oil production and upgrading, and transportation infrastructure in Western Canada supports major growth opportunities in the Asia Pacific Region, the Oil Sands and the Atlantic Region.

Upstream includes the exploration, development and production of crude oil, bitumen and natural gas.

Downstream operations include commodity marketing, pipeline transportation and storage, upgrading and refining crude oil, power co-generation and marketing gasoline, diesel, jet fuel, asphalt, ethanol and related products in Canada and the United States.

The Downstream assets help support the realization of full value for the Company's heavy oil and bitumen production.