Cenovus Energy (CVE) Asset Utilization Ratio (2009 - 2026)
Cenovus Energy's (CVE) quarterly Asset Utilization Ratio came in at 0.76 in Q1 2026, down 22.65% year-on-year from 0.98 in Q1 2025, and down 9.67% quarter-over-quarter from 0.84 in Q4 2025.
Cenovus Energy (CVE) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Cenovus Energy has disclosed Asset Utilization Ratio across 18 years of filings, most recently posting 0.76 for Q1 2026.
- Asset Utilization Ratio for Q1 2026 came in at 0.76, down 22.65% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.76 (down 22.65% YoY), and the FY2025 annual result was 0.83, down 14.63% from the prior year.
- Asset Utilization Ratio came in at 0.76 for Q1 2026 at Cenovus Energy, down from 0.84 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 2.43 in Q4 2022 to a low of 0.76 in Q1 2026.
- The 5-year median for Asset Utilization Ratio is 0.99 (2024), against an average of 1.09.
- Across the five-year window, Asset Utilization Ratio soared 171.9% in 2022 and tumbled 60.35% in 2023, its largest moves.
- Cenovus Energy's Asset Utilization Ratio stood at 2.43 in 2022, then sank by 60.35% to 0.96 in 2023, then gained by 2.03% to 0.98 in 2024, then decreased by 14.45% to 0.84 in 2025, then retreated by 9.67% to 0.76 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.76 (Q1 2026), 0.84 (Q4 2025), and 0.93 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | - |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | 0.73 |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | 1.28 |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | 0.58 |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 0.76 |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | 0.55 |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | 0.67 |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | 0.60 |
| 10 | Imperial Oil | 42.92 Bn | 42.17 Bn | - | 1.07 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.76 |
| Dec 31, 2025 | 0.84 |
| Sep 30, 2025 | 0.93 |
| Jun 30, 2025 | 0.94 |
| Mar 31, 2025 | 0.98 |
| Dec 31, 2024 | 0.98 |
| Sep 30, 2024 | 0.99 |
| Jun 30, 2024 | 1.00 |
| Mar 31, 2024 | 0.98 |
| Dec 31, 2023 | 0.96 |
| Sep 30, 2023 | 0.99 |
| Jun 30, 2023 | 1.14 |
| Mar 31, 2023 | 1.23 |
| Dec 31, 2022 | 2.43 |
| Jun 30, 2022 | 1.19 |
| Mar 31, 2022 | 1.03 |
| Dec 31, 2021 | 0.90 |
| Sep 30, 2021 | 0.69 |
| Jun 30, 2021 | 0.51 |
| Mar 31, 2021 | 0.44 |