Cenovus Energy (CVE) Deferred Taxes (2009 - 2026)

Cenovus Energy (CVE) posted Deferred Taxes of $217.6 million for Q2 2026, up 1004.27% sequentially from -$24.1 million in Q1 2026, and up 337.41% YoY from $49.7 million in Q2 2025.

Cenovus Energy (CVE) Deferred Taxes (2009 - 2026) Analysis & Trends

Cenovus Energy has reported Deferred Taxes for 18 years, with the latest figure at $217.6 million in Q2 2026.

  • Quarterly Deferred Taxes rose 337.41% year-over-year to $217.6 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $22.9 million (up 104.78% YoY) and the FY2025 annual result came in at -$165.3 million, up 52.25% from the prior year.
  • Deferred Taxes improved to $217.6 million in Q2 2026 per CVE's latest filing, from -$24.1 million in the prior quarter.
  • Over five years, Deferred Taxes peaked at $479.2 million in Q3 2022 and troughed at -$377.9 million in Q3 2025.
  • A 5-year average of -$26.2 million and a median of -$33.2 million in 2023 frame the typical range for Deferred Taxes.
  • The widest YoY moves for Deferred Taxes: up 873.6% in 2023, down 393.79% in 2023.
  • Over 5 years, Deferred Taxes stood at $12.5 million in 2022, then jumped by 873.6% to $121.9 million in 2023, then sank by 305.48% to -$250.5 million in 2024, then surged by 182.71% to $207.2 million in 2025, then grew by 5.0% to $217.6 million in 2026.
  • According to Business Quant data, Deferred Taxes over the past three periods registered $217.6 million, -$24.1 million, and $207.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (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 - -
3 Chevron 382.50 Bn 382.83 Bn 20.34 Bn -264.00 Mn
4 Eni Spa 205.81 Bn 195.97 Bn - -
5 Shell 102.19 Bn 62.32 Bn 30.13 Bn -
6 Equinor Asa 98.30 Bn 89.04 Bn - -
7 Suncor Energy 78.77 Bn 76.39 Bn 6.68 Bn -37.19 Mn
8 Imperial Oil 61.22 Bn 60.47 Bn - -
9 TotalEnergies SE 25.61 Bn -6.11 Bn 18.79 Bn -
10 Cenovus Energy 12.32 Bn 10.04 Bn 8.50 Bn 217.60 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 217.60 Mn
Mar 31, 2026 -24.06 Mn
Dec 31, 2025 207.24 Mn
Sep 30, 2025 -377.85 Mn
Jun 30, 2025 -91.66 Mn
Mar 31, 2025 -46.00 Mn
Dec 31, 2024 -250.55 Mn
Sep 30, 2024 -90.90 Mn
Jun 30, 2024 -33.63 Mn
Mar 31, 2024 -23.75 Mn
Dec 31, 2023 121.93 Mn
Sep 30, 2023 -310.31 Mn
Jun 30, 2023 -32.76 Mn
Mar 31, 2023 -273.69 Mn
Dec 31, 2022 12.52 Mn
Sep 30, 2022 479.22 Mn
Jun 30, 2022 -47.84 Mn
Mar 31, 2022 93.16 Mn
Dec 31, 2021 135.66 Mn
Sep 30, 2021 151.73 Mn