Cenovus Energy (CVE) Operating Expenses (2009 - 2025)

Cenovus Energy has disclosed Operating Expenses across 17 years of filings, most recently posting $978.8 million for Q4 2025.

• In Q4 2025, Operating Expenses fell 15.96% year-over-year to $978.8 million; the TTM figure through Dec 2025 stood at $8.0 billion (down 5.87% YoY), while the FY2025 annual figure was $4.5 billion, down 7.4% from the prior year.
• Operating Expenses came in at $978.8 million for Q4 2025 at Cenovus Energy, down from $3.6 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $3.8 billion in Q3 2024 to a low of $913.6 million in Q3 2021.
• Average Operating Expenses over 5 years is $1.8 billion, with a median of $1.5 billion recorded in 2022.
• Year-over-year, Operating Expenses surged 265.93% in 2022 and plunged 42.56% in 2023.
• Over 5 years, Operating Expenses stood at $1.3 billion in 2021, then advanced by 13.04% to $1.5 billion in 2022, then grew by 7.35% to $1.6 billion in 2023, then fell by 25.48% to $1.2 billion in 2024, then declined by 15.96% to $978.8 million in 2025.
• Per Business Quant data, the three most recent Operating Expenses figures were $978.8 million in Q4 2025, $3.6 billion in Q3 2025, and $1.7 billion in Q2 2025.