Cenovus Energy (CVE) Cost of Revenue (2009 - 2025)
Cenovus Energy's (CVE) quarterly Cost of Revenue came in at $480.4 million in Q4 2025, down 26.57% year-over-year from $654.3 million in Q4 2024, and down 72.28% quarter-over-quarter from $1.7 billion in Q3 2025.
Analysis
Cenovus Energy (CVE) Cost of Revenue (2009 - 2025) Analysis & Trends
Cenovus Energy has disclosed Cost of Revenue across 17 years of filings, most recently posting $480.4 million for Q4 2025.
- In Q4 2025, Cost of Revenue fell 26.57% year-over-year to $480.4 million; the TTM figure through Dec 2025 stood at $3.7 billion (down 9.18% YoY), while the FY2025 annual figure was $2.2 billion, down 11.44% from the prior year.
- Cost of Revenue came in at $480.4 million for Q4 2025 at Cenovus Energy, down from $1.7 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $3.1 billion in Q3 2022 to a low of $373.0 million in Q1 2021.
- Average Cost of Revenue over 5 years is $1.0 billion, with a median of $837.0 million recorded in 2021.
- Year-over-year, Cost of Revenue soared 2438.1% in 2021 and sank 59.73% in 2023.
- Over 5 years, Cost of Revenue stood at $815.0 million in 2021, then increased by 7.36% to $875.0 million in 2022, then gained by 3.09% to $902.0 million in 2023, then decreased by 27.46% to $654.3 million in 2024, then fell by 26.57% to $480.4 million in 2025.
- Per Business Quant data, the three most recent Cost of Revenue figures were $480.4 million in Q4 2025, $1.7 billion in Q3 2025, and $621.0 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 413.73 Bn | 410.87 Bn | 33.45 Bn | 36.61 Bn |
| 2 | Shell | 269.64 Bn | 229.78 Bn | 30.13 Bn | 64.53 Bn |
| 3 | TotalEnergies SE | 200.34 Bn | 171.16 Bn | 23.46 Bn | 38.31 Bn |
| 4 | Eni Spa | 171.91 Bn | 162.06 Bn | - | - |
| 5 | Equinor Asa | 110.26 Bn | 101.00 Bn | - | - |
| 6 | Phillips 66 | 108.93 Bn | 106.03 Bn | 8.38 Bn | 43.66 Bn |
| 7 | Suncor Energy | 82.82 Bn | 77.45 Bn | 17.50 Bn | 1.51 Bn |
| 8 | Imperial Oil | 62.85 Bn | 60.80 Bn | - | - |
| 9 | Cenovus Energy | 61.44 Bn | 59.48 Bn | 7.32 Bn | 480.45 Mn |
| 10 | Occidental Petroleum | 58.81 Bn | 55.30 Bn | 7.73 Bn | 332.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 480.45 Mn |
| Sep 30, 2025 | 1.73 Bn |
| Jun 30, 2025 | 621.00 Mn |
| Mar 31, 2025 | 906.00 Mn |
| Dec 31, 2024 | 654.29 Mn |
| Sep 30, 2024 | 1.86 Bn |
| Jun 30, 2024 | 859.00 Mn |
| Mar 31, 2024 | 747.00 Mn |
| Dec 31, 2023 | 902.00 Mn |
| Sep 30, 2023 | 1.77 Bn |
| Jun 30, 2023 | 637.00 Mn |
| Mar 31, 2023 | 596.00 Mn |
| Dec 31, 2022 | 875.00 Mn |
| Sep 30, 2022 | 3.06 Bn |
| Jun 30, 2022 | 1.58 Bn |
| Mar 31, 2022 | 1.19 Bn |
| Dec 31, 2021 | 815.00 Mn |
| Sep 30, 2021 | 582.30 Mn |
| Jun 30, 2021 | 533.00 Mn |
| Mar 31, 2021 | 373.00 Mn |