Cenovus Energy Inc. (CVE)
Cenovus Energy Inc. reported revenue of CA$49.7B in fiscal 2025, down 8.4% from a year earlier. Net income was CA$3.9B, a net margin of 7.9%. At December 31, 2025 it held CA$2.7B in cash against CA$11B of debt. Its latest periodic report to the SEC is the annual report (Canadian issuer) (40-F) filed on February 19, 2026.
Key facts about Cenovus Energy Inc.
- Net worth
- Cenovus Energy Inc. has a market value (market cap) of $59B at the latest share price, and shareholders' equity of CA$31.6B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was CA$49.7B (-8.4% year on year), with net income of CA$3.9B.
- Cash flow
- In fiscal 2025 operations brought in CA$8.2B of cash.
- Latest report
- The latest periodic report (annual report (Canadian issuer), 40-F) was filed with the SEC on February 19, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Cenovus Energy Inc. does
Cenovus Energy is an integrated oil and natural gas company headquartered in Canada. It operates oil sands extraction facilities in northern Alberta, conventional crude oil and natural gas fields, offshore production sites, and crude oil refineries across North America. It sells refined fuels, asphalt, and raw hydrocarbons to commercial and wholesale buyers. Its shares trade on NYSE under the ticker CVE.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | CA$49.7B | CA$3.9B | CA$2.15 | n/a |
| 2024 | CA$54.3B | CA$3.1B | CA$1.67 | n/a |
| 2023 | CA$52.2B | CA$4.1B | CA$2.09 | n/a |
| 2022 | CA$66.9B | CA$6.5B | CA$3.20 | n/a |
| 2021 | CA$46.4B | CA$587M | CA$0.27 | n/a |
| 2020 | CA$13.5B | -CA$2.4B | -CA$1.94 | -CA$538M |
Full financial statements: income, balance sheet and cash flow
Where CVE ranks in Energy
Dividends
It paid out CA$1.4B in cash dividends, 37% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | CA$1.4B | 37% |
| 2024 | n/a | CA$1.6B | 49% |
| 2023 | n/a | CA$1B | 25% |
| 2020 | n/a | CA$77M | n/a |
| 2019 | n/a | CA$260M | 12% |
| 2018 | n/a | CA$245M | n/a |
Latest SEC filings
What Cenovus Energy Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 5, 2026
- September 15, 2026
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- July 29, 2026
- May 14, 2026Passive stake changed SCHEDULE 13G/A
- May 7, 2026
- May 6, 2026
- April 1, 2026
- April 1, 2026
- April 1, 2026
Insider trades
What the people running Cenovus Energy Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns CVE
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 487 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Capital World Investors | 73,836,143 | -2,087,877 |
| Capital Research Global Investors | 59,770,371 | -45,475,174 |
| Capital International Investors | 46,865,234 | -792,984 |
| Royal Bank of Canada | 43,042,749 | +4,540,975 |
| Vanguard Capital Management LLC | 38,398,577 | -16,839 |
| FIL Ltd | 37,380,066 | -5,378,302 |
| Bank of Montreal | 32,921,767 | +9,523,481 |
| Mackenzie Financial Corp | 21,250,409 | -4,228,017 |
| Massachusetts Financial Services Co | 16,121,165 | -1,266,994 |
| Fmr LLC | 23,947,379 | -5,331,202 |
| Goldman Sachs Group Inc | 21,419,375 | +4,834,311 |
| Boston Partners | 17,723,396 | +848,424 |
| Manufacturers Life Insurance Company, The | 17,117,654 | -612,662 |
| Dimensional Fund Advisors LP | 17,038,600 | -976,543 |
| GQG Partners LLC | 16,592,495 | -10,181,968 |
| CIBC Asset Management Inc | 15,264,422 | -1,366,183 |
| Bank of America Corp | 14,901,286 | -7,869,437 |
| Geode Capital Management, LLC | 14,396,379 | +665,366 |
| Connor, Clark & Lunn Investment Management Ltd. | 14,283,683 | +5,452,653 |
| TD Asset Management Inc | 14,180,930 | -2,997,909 |
Insiders
Questions about CVE
What does Cenovus Energy Inc. do?
Cenovus Energy is an integrated oil and natural gas company headquartered in Canada. It operates oil sands extraction facilities in northern Alberta, conventional crude oil and natural gas fields, offshore production sites, and crude oil refineries across North America. It sells refined fuels, asphalt, and raw hydrocarbons to commercial and wholesale buyers. Its shares trade on NYSE under the ticker CVE.
What is Cenovus Energy Inc.'s net worth?
Cenovus Energy Inc. has a market value (market cap) of $59B at the latest share price, and shareholders' equity of CA$31.6B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Cenovus Energy Inc. profitable?
Yes. In fiscal 2025 it reported net income of CA$3.9B on revenue of CA$49.7B, a net margin of 7.9%.
How much revenue does Cenovus Energy Inc. make?
In fiscal 2025 Cenovus Energy Inc. reported revenue of CA$49.7B. That is 8.4% less than a year earlier.
When did Cenovus Energy Inc. last report?
Its most recent periodic report is the annual report (Canadian issuer) (40-F) filed on February 19, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from October 5, 2026.
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Follow CVE: get an email when it filesWhere the numbers come from
Financial figures are the values Cenovus Energy Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.