Cenovus Energy (CVE) Return on Capital Employed [ROCE] (2010 - 2025)
Cenovus Energy's Return on Capital Employed [ROCE] came in at 14.03% for the quarter ended Dec 31, 2025, down 4.06 percentage points from 18.09% a year earlier.
Powered by 
Analysis
Cenovus Energy (CVE) Return on Capital Employed [ROCE] (2010 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Cenovus Energy's Return on Capital Employed [ROCE] was 19.94%, down 3.02 percentage points from the prior year.
- Return on Capital Employed [ROCE] carries a five-year change of +24.36 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, Return on Capital Employed [ROCE] was 22.96% in the year ended Dec 31, 2024 (+5.27 pp), 17.69% in the year ended Dec 31, 2023 (-8.03 pp), 25.73% in the year ended Dec 31, 2022 (+13.45 pp) and 12.27% in the year ended Dec 31, 2021 (+16.69 pp).
- The five-year range for quarterly Return on Capital Employed [ROCE] is 2.29% (the quarter ended Mar 31, 2021) to 30.69% (the quarter ended Mar 31, 2023).
- Year-over-year, Return on Capital Employed [ROCE] increased in 1 of the last six quarters, with an average year-over-year change of -5.28 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in the quarter ended Mar 31, 2023 (a gain of 21.06 percentage points), and the weakest in the quarter ended Mar 31, 2024 (a drop of 14.02 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 12.28% |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 38.82% |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | -29.93% |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 39.24% |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 5.20% |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 28.17% |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | -190.97% |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | - |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | - |
| 10 | Cenovus Energy | 59.10 Bn | 50.78 Bn | - | 12.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 12.40% |
| Sep 30, 2025 | 10.29% |
| Jun 30, 2025 | 8.36% |
| Mar 31, 2025 | 11.55% |
| Dec 31, 2024 | 14.96% |
| Sep 30, 2024 | 12.90% |
| Jun 30, 2024 | 14.26% |
| Mar 31, 2024 | 15.82% |
| Dec 31, 2023 | 15.60% |
| Sep 30, 2023 | 13.97% |
| Jun 30, 2023 | 11.31% |
| Mar 31, 2023 | 17.59% |
| Jun 30, 2022 | 15.81% |
| Mar 31, 2022 | 8.91% |
| Dec 31, 2021 | 6.33% |
| Sep 30, 2021 | 4.43% |
| Jun 30, 2021 | 0.71% |
| Mar 31, 2021 | 0.15% |
| Dec 31, 2020 | -6.64% |
| Sep 30, 2020 | -3.56% |
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();