Cenovus Energy (CVE) Invested Capital (2009 - 2025)
Cenovus Energy's Invested Capital came in at $22.68 billion for the quarter ended Dec 31, 2025, up 5.2% from $21.56 billion a year earlier.
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Analysis
Cenovus Energy (CVE) Invested Capital (2009 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Cenovus Energy's Invested Capital was $22.63 billion, up 2.9% from the prior year.
- Invested Capital carries a five-year compound annual growth rate of 4.6% (years ended Dec 2020 to Dec 2025).
- Going back by year, Invested Capital was $22 billion in the year ended Dec 31, 2024 (+2.8%), $21.4 billion in the year ended Dec 31, 2023 (-23.5%), $27.98 billion in the year ended Dec 31, 2022 (-32.0%) and $41.16 billion in the year ended Dec 31, 2021 (+127.2%).
- The five-year range for quarterly Invested Capital is $21.21 billion (the quarter ended Dec 31, 2023) to $51.17 billion (the quarter ended Mar 31, 2021).
- Year-over-year, Invested Capital increased in four of the last six quarters, with an average decline of 4.1%.
- The fastest year-over-year change in Invested Capital over five years came in the quarter ended Dec 31, 2021 (growth of 120.2%), and the weakest in the quarter ended Dec 31, 2022 (a decline of 34.6%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 308.48 Bn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 246.39 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 195.96 Bn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 193.66 Bn |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 102.84 Bn |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 88.64 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 53.27 Bn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 67.49 Bn |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 21.12 Bn |
| 10 | Cenovus Energy | 59.10 Bn | 50.78 Bn | - | 22.68 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 22.68 Bn |
| Sep 30, 2025 | 20.62 Bn |
| Jun 30, 2025 | 29.84 Bn |
| Mar 31, 2025 | 30.55 Bn |
| Dec 31, 2024 | 21.56 Bn |
| Sep 30, 2024 | 21.90 Bn |
| Jun 30, 2024 | 37.42 Bn |
| Mar 31, 2024 | 36.96 Bn |
| Dec 31, 2023 | 21.21 Bn |
| Sep 30, 2023 | 26.89 Bn |
| Jun 30, 2023 | 35.81 Bn |
| Mar 31, 2023 | 36.63 Bn |
| Dec 31, 2022 | 26.80 Bn |
| Jun 30, 2022 | 29.42 Bn |
| Mar 31, 2022 | 36.42 Bn |
| Dec 31, 2021 | 28.61 Bn |
| Sep 30, 2021 | 30.86 Bn |
| Jun 30, 2021 | 36.72 Bn |
| Mar 31, 2021 | 37.22 Bn |
| Dec 31, 2020 | 18.62 Bn |
API Access
Cenovus Energy Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=CVE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "CVE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=CVE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();