Cenovus Energy (CVE) Deferred Taxes (2010 - 2026)

Cenovus Energy's (CVE) quarterly Deferred Taxes came in at -$24.1 million in Q1 2026, up 47.68% year-on-year from -$16.3 million in Q1 2025, and down 111.61% quarter-over-quarter from $207.2 million in Q4 2025.

Cenovus Energy (CVE) Deferred Taxes (2010 - 2026) Analysis & Trends

Cenovus Energy has disclosed Deferred Taxes across 11 years of filings, most recently posting -$24.1 million for Q1 2026.

  • Deferred Taxes for Q1 2026 came in at -$24.1 million, up 47.68% year-over-year; the trailing twelve-month figure through Mar 2026 was -$146.1 million (up 59.85% YoY), and the FY2025 annual result was -$165.3 million, up 51.27% from the prior year.
  • Deferred Taxes came in at -$24.1 million for Q1 2026 at Cenovus Energy, down from $207.2 million in the prior quarter.
  • In the past five years, Deferred Taxes ranged from a high of $207.2 million in Q4 2025 to a low of -$273.7 million in Q1 2023.
  • The 5-year median for Deferred Taxes is -$33.2 million (2023), against an average of -$41.4 million.
  • Across the five-year window, Deferred Taxes jumped 873.6% in 2023 and slumped 2160.29% in 2024, its largest moves.
  • Cenovus Energy's Deferred Taxes stood at $12.5 million in 2022, then surged by 873.6% to $121.9 million in 2023, then sank by 305.48% to -$250.5 million in 2024, then soared by 182.71% to $207.2 million in 2025, then slumped by 111.61% to -$24.1 million in 2026.
  • The last three Deferred Taxes figures came in at -$24.1 million (Q1 2026), $207.2 million (Q4 2025), and -$237.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (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 - -
3 TotalEnergies SE 621.59 Bn 621.59 Bn 26,816.00 -
4 Shell 546.31 Bn 505.07 Bn - -
5 Chevron 370.90 Bn 376.56 Bn 20.34 Bn -264.00 Mn
6 Cenovus Energy 354.37 Bn 352.41 Bn 6.46 Bn -24.06 Mn
7 Eni Spa 252.26 Bn 242.70 Bn - -
8 Bp 196.12 Bn 159.56 Bn - -
9 Suncor Energy 57.67 Bn 55.06 Bn 7.44 Bn -37.19 Mn
10 Imperial Oil 42.92 Bn 42.17 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 -24.06 Mn
Dec 31, 2025 207.24 Mn
Sep 30, 2025 -237.61 Mn
Jun 30, 2025 -91.66 Mn
Mar 31, 2025 -46.00 Mn
Dec 31, 2024 -250.55 Mn
Sep 30, 2024 -33.72 Mn
Jun 30, 2024 -33.63 Mn
Mar 31, 2024 -23.75 Mn
Dec 31, 2023 121.93 Mn
Sep 30, 2023 -1.49 Mn
Jun 30, 2023 -32.76 Mn
Mar 31, 2023 -273.69 Mn
Dec 31, 2022 12.52 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
Jun 30, 2021 51.25 Mn
Mar 31, 2021 21.33 Mn