Cenovus Energy (CVE) Return on Capital Employed [ROCE] (2010 - 2026)
Cenovus Energy's Return on Capital Employed [ROCE] came in at 16.20% for Q3 2026.
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Analysis
Cenovus Energy (CVE) Return on Capital Employed [ROCE] (2010 - 2026) Analysis & Trends
For FY2025, Cenovus Energy's Return on Capital Employed [ROCE] was 11.51%, down 3.19 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +19.63 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 14.70% in FY2024 (+1.68 pp), 13.02% in FY2023 (-9.17 pp), 22.19% in FY2022 (+7.21 pp) and 14.98% in FY2021 (+23.11 pp).
- The Q3 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] since Q1 2023.
- Year-over-year, Return on Capital Employed [ROCE] increased in 1 of the last four quarters, with an average year-over-year change of -2.86 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2021 (a gain of 14.66 percentage points), and the weakest in Q2 2025 (a drop of 5.23 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 14.97% |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 13.86% |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | 15.97% |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 26.08% |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | 7.67% |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 28.17% |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 26.83% |
| 10 | Cenovus Energy | 49.67 Bn | 39.63 Bn | 3.24 Bn | 16.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.20% |
| Dec 31, 2025 | 12.36% |
| Sep 30, 2025 | 10.33% |
| Jun 30, 2025 | 9.02% |
| Mar 31, 2025 | 12.50% |
| Dec 31, 2024 | 15.98% |
| Sep 30, 2024 | 13.60% |
| Jun 30, 2024 | 14.26% |
| Mar 31, 2024 | 15.60% |
| Dec 31, 2023 | 15.46% |
| Sep 30, 2023 | 14.01% |
| Jun 30, 2023 | 11.31% |
| Mar 31, 2023 | 17.08% |
| Dec 31, 2022 | 19.53% |
| Sep 30, 2022 | 17.01% |
| Jun 30, 2022 | 15.39% |
| Mar 31, 2022 | 10.49% |
| Dec 31, 2021 | 8.07% |
| Sep 30, 2021 | 5.91% |
| Jun 30, 2021 | 2.03% |
API Access
Cenovus Energy Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=CVE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=CVE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();