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
DateValue
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