Cenovus Energy (CVE) Operating Expenses (2009 - 2025)
Cenovus Energy (CVE) reported Operating Expenses of $276.08 million for the quarter ended Dec 31, 2025, up 44.4% from $191.13 million a year earlier.
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Analysis
Cenovus Energy (CVE) Operating Expenses (2009 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Cenovus Energy posted Operating Expenses of $6.36 billion, down 11.1% from the prior year.
- Operating Expenses has a five-year compound annual growth rate of 42.0% (years ended Dec 2020 to Dec 2025).
- By year, Operating Expenses came in at $7.15 billion in the year ended Dec 31, 2024 (+18.1%), $6.05 billion in the year ended Dec 31, 2023 (-12.3%), $6.91 billion in the year ended Dec 31, 2022 and $471.6 million in the year ended Dec 31, 2021 (-57.2%).
- The figure for the quarter ended Dec 31, 2025 ranks as the highest quarterly Operating Expenses since the quarter ended Mar 31, 2024.
- Year over year, Operating Expenses gained in five of the last six quarters, with growth averaging 22.2%.
- The high point for year-over-year Operating Expenses in five years was the quarter ended Dec 31, 2021 (growth of 209.2%); the low point was the quarter ended Dec 31, 2022 (a decline of 76.7%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 96.59 Bn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 8.70 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 53.37 Bn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 46.44 Bn |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | - |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 2.43 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 47.07 Bn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | -22.18 Bn |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 114.95 Mn |
| 10 | Cenovus Energy | 59.10 Bn | 50.78 Bn | - | 978.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 978.82 Mn |
| Sep 30, 2025 | 1.16 Bn |
| Jun 30, 2025 | 1.75 Bn |
| Mar 31, 2025 | 1.63 Bn |
| Dec 31, 2024 | 1.16 Bn |
| Sep 30, 2024 | 1.27 Bn |
| Jun 30, 2024 | 1.92 Bn |
| Mar 31, 2024 | 1.56 Bn |
| Dec 31, 2023 | 1.56 Bn |
| Sep 30, 2023 | 1.16 Bn |
| Jun 30, 2023 | 188.00 Mn |
| Mar 31, 2023 | 182.00 Mn |
| Dec 31, 2022 | 1.46 Bn |
| Sep 30, 2022 | 1.15 Bn |
| Jun 30, 2022 | 1.16 Bn |
| Mar 31, 2022 | 1.29 Bn |
| Dec 31, 2021 | 1.29 Bn |
| Sep 30, 2021 | 913.57 Mn |
| Jun 30, 2021 | 791.00 Mn |
| Mar 31, 2021 | 1.13 Bn |
API Access
Cenovus Energy Operating Expenses 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=operating-expenses&ticker=CVE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=CVE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();