Cenovus Energy (CVE) Return on Capital Employed (2009 - 2026)

Cenovus Energy's (CVE) quarterly Return on Capital Employed came in at 12.1% in Q1 2026, up 4.0% year-on-year from 11.63% in Q1 2025, and up 15.18% quarter-over-quarter from 10.5% in Q4 2025.

Cenovus Energy (CVE) Return on Capital Employed (2009 - 2026) Analysis & Trends

Cenovus Energy has disclosed Return on Capital Employed across 18 years of filings, most recently posting 12.1% for Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 12.1%, up 4.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.1% (up 4.0% YoY), and the FY2025 annual result was 10.3%, down 177.0% from the prior year.
  • Return on Capital Employed came in at 12.1% for Q1 2026 at Cenovus Energy, up from 10.5% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 37.29% in Q4 2022 to a low of 10.22% in Q1 2022.
  • The 5-year median for Return on Capital Employed is 13.18% (2023), against an average of 14.89%.
  • Across the five-year window, Return on Capital Employed soared 2993 bps in 2022 and sank 2413 bps in 2023, its largest moves.
  • Cenovus Energy's Return on Capital Employed stood at 37.29% in 2022, then slumped by 65 bps to 13.17% in 2023, then gained by 0 bps to 13.2% in 2024, then fell by 20 bps to 10.5% in 2025, then increased by 15 bps to 12.1% in 2026.
  • The last three Return on Capital Employed figures came in at 12.1% (Q1 2026), 10.5% (Q4 2025), and 10.53% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Petrobras - Petroleo Brasileiro 1,901.04 Bn 1,894.28 Bn 11.34 Bn -
2 Exxon Mobil 629.96 Bn 628.14 Bn - 10.30%
3 TotalEnergies SE 621.59 Bn 621.59 Bn 26,816.00 222.35%
4 Shell 546.31 Bn 505.07 Bn - -
5 Chevron 370.90 Bn 376.56 Bn 20.34 Bn 18.04%
6 Cenovus Energy 354.37 Bn 352.41 Bn 6.46 Bn 12.10%
7 Eni Spa 252.26 Bn 242.70 Bn - 3.93%
8 Bp 196.12 Bn 159.56 Bn - -
9 Suncor Energy 57.67 Bn 55.06 Bn 7.44 Bn 40.53%
10 Imperial Oil 42.92 Bn 42.17 Bn - 11.13%

Historic Data

Download Data
DateValue
Mar 31, 2026 12.10%
Dec 31, 2025 10.50%
Sep 30, 2025 10.53%
Jun 30, 2025 10.69%
Mar 31, 2025 12.05%
Dec 31, 2024 13.20%
Sep 30, 2024 13.07%
Jun 30, 2024 15.88%
Mar 31, 2024 15.14%
Dec 31, 2023 13.17%
Sep 30, 2023 14.03%
Jun 30, 2023 16.17%
Mar 31, 2023 17.82%
Dec 31, 2022 37.29%
Jun 30, 2022 16.45%
Mar 31, 2022 10.22%
Dec 31, 2021 7.36%
Sep 30, 2021 6.25%
Jun 30, 2021 1.71%
Mar 31, 2021 -0.95%