Cenovus Energy (CVE) Research & Development (2011 - 2025)
Cenovus Energy's Research & Development came in at $22.95 million for the quarter ended Dec 31, 2025, up 146.6% from $9.31 million a year earlier.
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Analysis
Cenovus Energy (CVE) Research & Development (2011 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Cenovus Energy's Research & Development was $29.34 million, down 41.8% from the prior year.
- Research & Development carries a five-year compound annual growth rate of -15.5% (years ended Dec 2020 to Dec 2025).
- Going back by year, Research & Development was $50.4 million in the year ended Dec 31, 2024 (+61.9%), $31.13 million in the year ended Dec 31, 2023 (-59.9%), $77.69 million in the year ended Dec 31, 2022 (+440.9%) and $14.36 million in the year ended Dec 31, 2021 (-78.9%).
- The figure for the quarter ended Dec 31, 2025 represents the highest quarterly Research & Development since the quarter ended Dec 31, 2023.
- Year-over-year, Research & Development increased in three of the last six quarters, with growth averaging 17.8%.
- The fastest year-over-year change in Research & Development over five years came in the quarter ended Mar 31, 2021 (growth of 233.3%), and the weakest in the quarter ended Dec 31, 2021 (a decline of 94.9%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 155.00 Mn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 300.00 Mn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 256.00 Mn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | -95.00 |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | - |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 75.00 Mn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | - |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | -189.00 Mn |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | - |
| 10 | Cenovus Energy | 59.10 Bn | 50.78 Bn | - | 22.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 22.95 Mn |
| Sep 30, 2025 | 726,635.00 |
| Jun 30, 2025 | 3.00 Mn |
| Mar 31, 2025 | 5.00 Mn |
| Dec 31, 2024 | 9.31 Mn |
| Sep 30, 2024 | 32.25 Mn |
| Jun 30, 2024 | 5.00 Mn |
| Mar 31, 2024 | 7.00 Mn |
| Dec 31, 2023 | 32.00 Mn |
| Sep 30, 2023 | 1.49 Mn |
| Jun 30, 2023 | 4.00 Mn |
| Mar 31, 2023 | 4.00 Mn |
| Dec 31, 2022 | 2.00 Mn |
| Sep 30, 2022 | 55.97 Mn |
| Jun 30, 2022 | 7.84 Mn |
| Mar 31, 2022 | 16.00 Mn |
| Dec 31, 2021 | 3.00 Mn |
| Sep 30, 2021 | 3.97 Mn |
| Jun 30, 2021 | 13.00 Mn |
| Mar 31, 2021 | 6.00 Mn |
API Access
Cenovus Energy Research & Development 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=research-and-development&ticker=CVE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=CVE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();