Cenovus Energy (CVE) Deferred Taxes (2009 - 2025)
Cenovus Energy's (CVE) quarterly Deferred Taxes came in at $207.2 million in Q4 2025, up 182.71% year-over-year from $73.3 million in Q4 2024, and up 154.85% quarter-over-quarter from -$377.9 million in Q3 2025.
Analysis
Cenovus Energy (CVE) Deferred Taxes (2009 - 2025) Analysis & Trends
Cenovus Energy has disclosed Deferred Taxes across 17 years of filings, most recently posting $207.2 million for Q4 2025.
- In Q4 2025, Deferred Taxes rose 182.71% year-over-year to $207.2 million; the TTM figure through Dec 2025 stood at -$363.6 million (up 13.31% YoY), while the FY2025 annual figure was -$165.3 million, up 51.27% from the prior year.
- Deferred Taxes came in at $207.2 million for Q4 2025 at Cenovus Energy, up from -$377.9 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $479.2 million in Q3 2022 to a low of -$377.9 million in Q3 2025.
- Average Deferred Taxes over 5 years is -$18.1 million, with a median of -$38.0 million recorded in 2023.
- The largest YoY upside for Deferred Taxes was 876.47% in 2023 against a maximum downside of 413.56% in 2023.
- Over 5 years, Deferred Taxes stood at $171.0 million in 2021, then slumped by 90.06% to $17.0 million in 2022, then surged by 876.47% to $166.0 million in 2023, then plunged by 250.93% to -$250.5 million in 2024, then soared by 182.71% to $207.2 million in 2025.
- Per Business Quant data, the three most recent Deferred Taxes figures were $207.2 million in Q4 2025, -$377.9 million in Q3 2025, and -$127.0 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 417.01 Bn | 408.48 Bn | 33.45 Bn | 298.00 Mn |
| 2 | Shell | 282.76 Bn | 241.90 Bn | 30.13 Bn | - |
| 3 | TotalEnergies SE | 232.43 Bn | 200.71 Bn | 23.46 Bn | - |
| 4 | Eni Spa | 167.27 Bn | 151.69 Bn | - | - |
| 5 | Equinor Asa | 114.69 Bn | 105.36 Bn | - | - |
| 6 | Phillips 66 | 106.05 Bn | 101.95 Bn | 8.38 Bn | 66.00 Mn |
| 7 | Suncor Energy | 83.98 Bn | 78.60 Bn | 17.50 Bn | -71.00 Mn |
| 8 | Imperial Oil | 63.06 Bn | 61.00 Bn | - | - |
| 9 | Occidental Petroleum | 59.24 Bn | 55.09 Bn | 7.73 Bn | 707.00 Mn |
| 10 | Cenovus Energy | 58.88 Bn | 56.91 Bn | 7.32 Bn | 207.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 207.24 Mn |
| Sep 30, 2025 | -377.85 Mn |
| Jun 30, 2025 | -127.00 Mn |
| Mar 31, 2025 | -66.00 Mn |
| Dec 31, 2024 | -250.55 Mn |
| Sep 30, 2024 | -90.90 Mn |
| Jun 30, 2024 | -46.00 Mn |
| Mar 31, 2024 | -32.00 Mn |
| Dec 31, 2023 | 166.00 Mn |
| Sep 30, 2023 | -310.31 Mn |
| Jun 30, 2023 | -44.00 Mn |
| Mar 31, 2023 | -370.00 Mn |
| Dec 31, 2022 | 17.00 Mn |
| Sep 30, 2022 | 479.22 Mn |
| Jun 30, 2022 | -47.84 Mn |
| Mar 31, 2022 | 118.00 Mn |
| Dec 31, 2021 | 171.00 Mn |
| Sep 30, 2021 | 151.73 Mn |
| Jun 30, 2021 | 63.00 Mn |
| Mar 31, 2021 | 27.00 Mn |