Cenovus Energy (CVE) Asset Writedowns and Impairment (2012 - 2021)

Cenovus Energy (CVE) posted Asset Writedowns and Impairment of -$2.4 million for Q4 2021, down 399.59% sequentially from $794409.3 in Q3 2021, and up 22.43% YoY from -$1.9 million in Q4 2020.

Cenovus Energy (CVE) Asset Writedowns and Impairment (2012 - 2021) Analysis & Trends

Cenovus Energy (CVE) has 10 years of Asset Writedowns and Impairment data on file, last reported at -$2.4 million in Q4 2021.

  • Quarterly Asset Writedowns and Impairment rose 22.43% year-over-year to -$2.4 million in Q4 2021, while the trailing twelve-month figure through Jun 2022 was -$14.6 million (up 62.02% YoY) and the FY2022 annual result came in at -$948.4 million, down 3733.92% from the prior year.
  • Asset Writedowns and Impairment slipped to -$2.4 million in Q4 2021 per CVE's latest filing, from $794409.3 in the prior quarter.
  • The five-year high for Asset Writedowns and Impairment was $698.2 million in Q4 2017, with the low at -$381.5 million in Q2 2020.
  • Average Asset Writedowns and Impairment over 5 years is $10.0 million, with a median of -$3.0 million recorded in 2019.
  • Year-over-year, Asset Writedowns and Impairment surged 3949.16% in 2017 and plunged 12661.45% in 2020.
  • Cenovus Energy's Asset Writedowns and Impairment stood at $698.2 million in 2017, then tumbled by 102.28% to -$15.9 million in 2018, then increased by 23.82% to -$12.1 million in 2019, then soared by 74.68% to -$3.1 million in 2020, then advanced by 22.43% to -$2.4 million in 2021.
  • Business Quant data shows CVE's Asset Writedowns and Impairment at -$2.4 million in Q4 2021, $794409.3 in Q3 2021, and -$13.0 million in Q2 2021.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Exxon Mobil 6,326.01 Bn 6,324.19 Bn -
2 Petrobras - Petroleo Brasileiro 3,284.86 Bn 3,284.86 Bn 11.34 Bn
3 Bp 558.99 Bn 524.30 Bn 51.83 Bn
4 TotalEnergies SE 523.98 Bn 523.98 Bn 26,816.00
5 Chevron 328.11 Bn 333.77 Bn 20.34 Bn
6 Equinor Asa 77.88 Bn 70.78 Bn -
7 National Fuel Gas 7.37 Bn 7.34 Bn 650.52 Mn
8 Diversified Energy 1.02 Bn 860.11 Mn -3.35 Mn
9 Stabilis Solutions 74.76 Mn 64.12 Mn 367,000.00
10 Cenovus Energy - - 6.46 Bn

Historic Data

Download Data
DateValue
Dec 31, 2021 -2.38 Mn
Dec 31, 2021 -2.38 Mn
Sep 30, 2021 794,409.31
Sep 30, 2021 794,409.31
Jun 30, 2021 -13.02 Mn
Jun 30, 2021 -13.02 Mn
Mar 31, 2021 -11.85 Mn
Mar 31, 2021 -11.85 Mn
Dec 31, 2020 -3.07 Mn
Dec 31, 2020 -3.07 Mn
Sep 30, 2020 -10.51 Mn
Sep 30, 2020 -10.51 Mn
Jun 30, 2020 -381.52 Mn
Jun 30, 2020 -381.52 Mn
Mar 31, 2020 -18.65 Mn
Mar 31, 2020 -18.65 Mn
Dec 31, 2019 -12.12 Mn
Dec 31, 2019 -12.12 Mn
Sep 30, 2019 -3.03 Mn
Sep 30, 2019 -3.03 Mn