Cenovus Energy (CVE) Research & Development (2012 - 2026)

Cenovus Energy (CVE) posted Research & Development of $2.9 million for Q2 2026, down 66.95% sequentially from $8.8 million in Q1 2026, and up 33.56% YoY from $2.2 million in Q2 2025.

Cenovus Energy (CVE) Research & Development (2012 - 2026) Analysis & Trends

Cenovus Energy has reported Research & Development for 15 years, with the latest figure at $2.9 million in Q2 2026.

  • Quarterly Research & Development rose 33.56% year-over-year to $2.9 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $41.1 million (down 26.56% YoY) and the FY2025 annual result came in at $29.3 million, down 41.77% from the prior year.
  • Research & Development retreated to $2.9 million in Q2 2026 per CVE's latest filing, from $8.8 million in the prior quarter.
  • Over five years, Research & Development peaked at $75.9 million in Q3 2022 and troughed at $1.5 million in Q4 2022.
  • A 5-year average of $14.1 million and a median of $7.0 million in 2023 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2022 and 2023: Research & Development surged 1811.05% in 2022, then tumbled 90.17% in 2023.
  • Over 5 years, Research & Development stood at $1.5 million in 2022, then surged by 1495.29% to $23.5 million in 2023, then slumped by 60.41% to $9.3 million in 2024, then jumped by 146.58% to $22.9 million in 2025, then tumbled by 87.4% to $2.9 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $2.9 million, $8.8 million, and $22.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Petrobras - Petroleo Brasileiro 1,308.33 Bn -5,263.99 Bn 11.34 Bn -250.00 Mn
2 ExxonMobil Holdings 651.52 Bn 649.70 Bn - 126.00 Mn
3 Chevron 382.50 Bn 382.83 Bn 20.34 Bn 205.00 Mn
4 Eni Spa 205.81 Bn 195.97 Bn - -
5 Shell 102.19 Bn 62.32 Bn 30.13 Bn 110.00 Mn
6 Equinor Asa 98.30 Bn 89.04 Bn - -189.00 Mn
7 Suncor Energy 78.77 Bn 76.39 Bn 6.68 Bn 1.27 Bn
8 Imperial Oil 61.22 Bn 60.47 Bn - 2.19 Mn
9 TotalEnergies SE 25.61 Bn -6.11 Bn 18.79 Bn 95.00 Mn
10 Cenovus Energy 12.32 Bn 10.04 Bn 8.50 Bn 2.89 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 2.89 Mn
Mar 31, 2026 8.75 Mn
Dec 31, 2025 22.95 Mn
Sep 30, 2025 6.54 Mn
Jun 30, 2025 2.17 Mn
Mar 31, 2025 3.48 Mn
Dec 31, 2024 9.31 Mn
Sep 30, 2024 41.05 Mn
Jun 30, 2024 3.66 Mn
Mar 31, 2024 5.19 Mn
Dec 31, 2023 23.51 Mn
Sep 30, 2023 7.46 Mn
Jun 30, 2023 2.98 Mn
Mar 31, 2023 2.96 Mn
Dec 31, 2022 1.47 Mn
Sep 30, 2022 75.91 Mn
Jun 30, 2022 20.39 Mn
Mar 31, 2022 12.63 Mn
Dec 31, 2021 2.38 Mn
Sep 30, 2021 3.97 Mn