Cenovus Energy (CVE) Tax Provisions (2009 - 2026)
Cenovus Energy's (CVE) quarterly Tax Provisions came in at $374.8 million in Q1 2026, up 98.46% year-on-year from $188.9 million in Q1 2025, and up 422.69% quarter-over-quarter from $71.7 million in Q4 2025.
Cenovus Energy (CVE) Tax Provisions (2009 - 2026) Analysis & Trends
Cenovus Energy has disclosed Tax Provisions across 18 years of filings, most recently posting $374.8 million for Q1 2026.
- Tax Provisions for Q1 2026 came in at $374.8 million, up 98.46% year-over-year; the trailing twelve-month figure through Mar 2026 was $573.6 million (down 3.03% YoY), and the FY2025 annual result was $391.5 million, down 41.13% from the prior year.
- Tax Provisions came in at $374.8 million for Q1 2026 at Cenovus Energy, up from $71.7 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $659.6 million in Q2 2022 to a low of -$31.8 million in Q1 2023.
- The 5-year median for Tax Provisions is $178.0 million (2022), against an average of $213.3 million.
- Across the five-year window, Tax Provisions tumbled 107.42% in 2023 and soared 981.94% in 2024, its largest moves.
- Cenovus Energy's Tax Provisions stood at $186.4 million in 2022, then slipped by 8.96% to $169.7 million in 2023, then plunged by 83.97% to $27.2 million in 2024, then jumped by 163.61% to $71.7 million in 2025, then surged by 422.69% to $374.8 million in 2026.
- The last three Tax Provisions figures came in at $374.8 million (Q1 2026), $71.7 million (Q4 2025), and $8.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (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 | - | 2.50 Bn |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | -4,647.00 |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | 1.70 Bn |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 374.81 Mn |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | - |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | 3.15 Bn |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | - |
| 10 | Imperial Oil | 42.92 Bn | 42.17 Bn | - | 212.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 374.81 Mn |
| Dec 31, 2025 | 71.71 Mn |
| Sep 30, 2025 | 7.99 Mn |
| Jun 30, 2025 | 119.08 Mn |
| Mar 31, 2025 | 188.86 Mn |
| Dec 31, 2024 | 27.20 Mn |
| Sep 30, 2024 | 149.54 Mn |
| Jun 30, 2024 | 225.92 Mn |
| Mar 31, 2024 | 280.52 Mn |
| Dec 31, 2023 | 169.68 Mn |
| Sep 30, 2023 | 418.47 Mn |
| Jun 30, 2023 | 135.49 Mn |
| Mar 31, 2023 | -31.81 Mn |
| Dec 31, 2022 | 186.39 Mn |
| Jun 30, 2022 | 659.63 Mn |
| Mar 31, 2022 | 428.69 Mn |
| Dec 31, 2021 | 205.47 Mn |
| Sep 30, 2021 | 224.82 Mn |
| Jun 30, 2021 | 91.12 Mn |
| Mar 31, 2021 | 58.47 Mn |