Cenovus Energy revenue and financials

CVE · NYSE · USD

Secondary listing. The primary listing is Cenovus Energy · TSX (CAD)

$31.24−0.73%−$0.23

Close · October 6, 2026

In the fiscal year ended December 2025, Cenovus Energy reported revenue of $49.7B (−8.44% year over year). Net income was $3.93B, a net margin of 7.9%.

Annual revenue · 2025: $49.7B

$11.01B2016
$17.04B2017
$20.84B2018
$20.54B2019
$13.54B2020
$46.36B2021
$66.9B2022
$52.2B2023
$54.28B2024
$49.7B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: −8.44%; 2025 vs 2024
Net income growth: +25.08%; 2025 vs 2024
Net margin: 7.9%; 2024: 5.8%

Financial data

Amounts in millions of CAD; per-share values in CAD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	63,424	56,539	53,915	55,869	54,104	32,770	35,713	35,174	40,933	25,258
Current assets	9,890	10,434	9,708	12,430	11,988	2,976	3,284	3,195	5,008	6,822
Cash and equivalents	2,740	3,093	2,227	4,524	2,873	378	186	781	610	3,720
Receivables	3,541	2,658	3,209	3,192	3,035	—	—	—	—	—
Inventory	3,349	4,496	4,030	4,312	3,919	—	—	—	—	—
Net property, plant and equipment	47,988	41,002	39,668	39,029	36,955	—	—	—	—	—
Goodwill	2,912	2,923	2,923	2,923	3,473	2,272	2,272	2,272	2,272	242
Other intangible assets	23.0	11.0	—	19.0	78.0	—	—	—	—	—
Long-term investments	488	618	497	420	441	—	—	—	—	—
Current liabilities	6,314	7,362	6,210	8,021	7,305	2,359	2,521	2,600	4,436	2,671
Accounts payable	5,502	5,907	1,075	2,331	2,554	—	—	—	—	—
Long-term debt	11,000	7,500	7,100	8,691	12,385	7,441	6,699	9,164	9,513	—
Total debt	14,207	10,634	9,945	11,642	—	—	—	—	—	—
Total liabilities	31,786	26,770	25,203	28,280	30,496	16,063	16,512	17,706	20,952	13,668
Total equity (incl. minority)	31,638	29,769	28,712	27,589	23,608	—	—	—	—	—
Retained earnings	12,323	10,513	8,913	6,392	878	—	—	—	—	—
Minority interest	16.0	15.0	14.0	13.0	12.0	—	—	—	—	—