Cenovus Energy (CVE) Operating Expenses (2009 - 2026)
Cenovus Energy (CVE) posted Operating Expenses of $1.1 billion for Q1 2026, up 9.88% sequentially from $978.8 million in Q4 2025, and down 5.26% YoY from $1.1 billion in Q1 2025.
Cenovus Energy (CVE) Operating Expenses (2009 - 2026) Analysis & Trends
Cenovus Energy (CVE) has 18 years of Operating Expenses data on file, last reported at $1.1 billion in Q1 2026.
- Quarterly Operating Expenses fell 5.26% year-over-year to $1.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.5 billion (down 10.13% YoY) and the FY2025 annual result came in at $4.5 billion, down 9.24% from the prior year.
- Operating Expenses climbed to $1.1 billion in Q1 2026 per CVE's latest filing, from $978.8 million in the prior quarter.
- The five-year high for Operating Expenses was $1.4 billion in Q2 2024, with the low at $978.8 million in Q4 2025.
- Average Operating Expenses over 5 years is $1.2 billion, with a median of $1.2 billion recorded in 2025.
- Year-over-year, Operating Expenses gained 24.81% in 2022 and decreased 15.96% in 2025.
- Cenovus Energy's Operating Expenses stood at $1.1 billion in 2022, then climbed by 7.03% to $1.1 billion in 2023, then climbed by 1.45% to $1.2 billion in 2024, then decreased by 15.96% to $978.8 million in 2025, then climbed by 9.88% to $1.1 billion in 2026.
- Business Quant data shows CVE's Operating Expenses at $1.1 billion in Q1 2026, $978.8 million in Q4 2025, and $1.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Exxon Mobil | 6,326.01 Bn | 6,324.19 Bn | - | 78.17 Bn |
| 2 | Petrobras - Petroleo Brasileiro | 3,284.86 Bn | 3,284.86 Bn | 11.34 Bn | -3.49 Bn |
| 3 | Bp | 558.99 Bn | 524.30 Bn | 51.83 Bn | 44.00 Mn |
| 4 | TotalEnergies SE | 523.98 Bn | 523.98 Bn | 26,816.00 | -5,222.00 |
| 5 | Chevron | 328.11 Bn | 333.77 Bn | 20.34 Bn | 7.68 Bn |
| 6 | Equinor Asa | 77.88 Bn | 70.78 Bn | - | -19.06 Bn |
| 7 | National Fuel Gas | 7.37 Bn | 7.34 Bn | 650.52 Mn | 511.24 Mn |
| 8 | Diversified Energy | 1.02 Bn | 860.11 Mn | -3.35 Mn | 277.71 Mn |
| 9 | Stabilis Solutions | 74.76 Mn | 64.12 Mn | 367,000.00 | 14.66 Mn |
| 10 | Cenovus Energy | - | - | 6.46 Bn | 1.08 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.08 Bn |
| Dec 31, 2025 | 978.82 Mn |
| Sep 30, 2025 | 1.16 Bn |
| Jun 30, 2025 | 1.26 Bn |
| Mar 31, 2025 | 1.14 Bn |
| Dec 31, 2024 | 1.16 Bn |
| Sep 30, 2024 | 1.27 Bn |
| Jun 30, 2024 | 1.41 Bn |
| Mar 31, 2024 | 1.15 Bn |
| Dec 31, 2023 | 1.15 Bn |
| Sep 30, 2023 | 1.16 Bn |
| Jun 30, 2023 | 1.19 Bn |
| Mar 31, 2023 | 1.21 Bn |
| Dec 31, 2022 | 1.07 Bn |
| Jun 30, 2022 | 1.16 Bn |
| Mar 31, 2022 | 1.02 Bn |
| Dec 31, 2021 | 1.02 Bn |
| Sep 30, 2021 | 913.57 Mn |
| Jun 30, 2021 | 930.68 Mn |
| Mar 31, 2021 | 895.97 Mn |