Cenovus Energy (CVE) Asset Utilization Ratio (2009 - 2026)
Cenovus Energy (CVE) posted Asset Utilization Ratio of 1.22 for Q2 2026, up 5.07% sequentially from 1.16 in Q1 2026, and down 15.83% YoY from 1.45 in Q2 2025.
Cenovus Energy (CVE) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Cenovus Energy has reported Asset Utilization Ratio for 18 years, with the latest figure at 1.22 in Q2 2026.
- Quarterly Asset Utilization Ratio fell 15.83% year-over-year to 1.22 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 1.22 (down 15.83% YoY) and the FY2025 annual result came in at 0.84, down 13.41% from the prior year.
- Asset Utilization Ratio climbed to 1.22 in Q2 2026 per CVE's latest filing, from 1.16 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 2.28 in Q4 2022 and troughed at 1.03 in Q1 2022.
- A 5-year average of 1.54 and a median of 1.45 in 2023 frame the typical range for Asset Utilization Ratio.
- The sharpest annual moves came in 2022 and 2023: Asset Utilization Ratio jumped 221.79% in 2022, then tumbled 37.74% in 2023.
- Over 5 years, Asset Utilization Ratio stood at 2.28 in 2022, then sank by 37.74% to 1.42 in 2023, then advanced by 4.73% to 1.49 in 2024, then fell by 13.73% to 1.28 in 2025, then retreated by 4.85% to 1.22 in 2026.
- According to Business Quant data, Asset Utilization Ratio over the past three periods registered 1.22, 1.16, and 1.28 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | - |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 0.73 |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | 0.58 |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | 0.56 |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 0.79 |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | 0.81 |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 0.60 |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | 1.07 |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 0.63 |
| 10 | Cenovus Energy | 12.32 Bn | 10.04 Bn | 8.50 Bn | 1.22 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.22 |
| Mar 31, 2026 | 1.16 |
| Dec 31, 2025 | 1.28 |
| Sep 30, 2025 | 1.40 |
| Jun 30, 2025 | 1.45 |
| Mar 31, 2025 | 1.49 |
| Dec 31, 2024 | 1.49 |
| Sep 30, 2024 | 1.49 |
| Jun 30, 2024 | 1.45 |
| Mar 31, 2024 | 1.43 |
| Dec 31, 2023 | 1.42 |
| Sep 30, 2023 | 1.45 |
| Jun 30, 2023 | 1.74 |
| Mar 31, 2023 | 2.23 |
| Dec 31, 2022 | 2.28 |
| Sep 30, 2022 | 2.22 |
| Jun 30, 2022 | 1.50 |
| Mar 31, 2022 | 1.03 |
| Dec 31, 2021 | 0.90 |
| Sep 30, 2021 | 0.69 |