Cenovus Energy (CVE) Invested Capital (2009 - 2025)

Cenovus Energy (CVE) posted Invested Capital of $7.9 billion for Q4 2025, up 51.7% sequentially from $5.2 billion in Q3 2025, and up 46.92% YoY from $5.4 billion in Q4 2024.

Cenovus Energy (CVE) Invested Capital (2009 - 2025) Analysis & Trends

Cenovus Energy has reported Invested Capital for 15 years, with the latest figure at $7.9 billion in Q4 2025.

  • Quarterly Invested Capital rose 46.92% year-over-year to $7.9 billion in Q4 2025, while the trailing twelve-month figure through Jun 2026 was $13.1 billion (up 19.14% YoY) and the FY2025 annual result came in at $7.9 billion, up 43.72% from the prior year.
  • Invested Capital rose to $7.9 billion in Q4 2025 per CVE's latest filing, from $5.2 billion in the prior quarter.
  • Over five years, Invested Capital peaked at $29.3 billion in Q2 2021 and troughed at $131.4 million in Q2 2025.
  • A 5-year average of $12.6 billion and a median of $6.4 billion in 2022 frame the typical range for Invested Capital.
  • The sharpest annual moves came in 2021 and 2022: Invested Capital surged 59.06% in 2021, then sank 75.66% in 2022.
  • Over 5 years, Invested Capital stood at $26.3 billion in 2021, then tumbled by 75.66% to $6.4 billion in 2022, then declined by 18.63% to $5.2 billion in 2023, then grew by 2.95% to $5.4 billion in 2024, then jumped by 46.92% to $7.9 billion in 2025.
  • According to Business Quant data, Invested Capital over the past three periods registered $7.9 billion, $5.2 billion, and $131.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Petrobras - Petroleo Brasileiro 1,308.33 Bn -5,263.99 Bn 11.34 Bn 12.63 Bn
2 ExxonMobil Holdings 651.52 Bn 649.70 Bn - 14.53 Bn
3 Chevron 382.50 Bn 382.83 Bn 20.34 Bn 39.60 Bn
4 Eni Spa 205.81 Bn 195.97 Bn - 3.13 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 713.89 Mn
8 Imperial Oil 61.22 Bn 60.47 Bn - 13.85 Mn
9 TotalEnergies SE 25.61 Bn -6.11 Bn 18.79 Bn 13.18 Bn
10 Cenovus Energy 12.32 Bn 10.04 Bn 8.50 Bn -

Historic Data

Download Data
DateValue
Dec 31, 2025 7.89 Bn
Sep 30, 2025 5.20 Bn
Jun 30, 2025 131.35 Mn
Mar 31, 2025 133.81 Mn
Dec 31, 2024 5.37 Bn
Sep 30, 2024 5.35 Bn
Dec 31, 2023 5.22 Bn
Sep 30, 2023 5.39 Bn
Dec 31, 2022 6.41 Bn
Jun 30, 2022 8.81 Bn
Mar 31, 2022 26.07 Bn
Dec 31, 2021 26.33 Bn
Sep 30, 2021 28.12 Bn
Jun 30, 2021 29.30 Bn
Mar 31, 2021 29.20 Bn
Dec 31, 2020 18.33 Bn
Sep 30, 2020 18.43 Bn
Jun 30, 2020 18.42 Bn
Mar 31, 2020 18.76 Bn
Dec 31, 2019 5.07 Bn