Cenovus Energy (CVE) Tax Provisions (2009 - 2026)
Cenovus Energy (CVE) posted Tax Provisions of $374.8 million for Q1 2026, up 422.69% sequentially from $71.7 million in Q4 2025, and up 98.46% YoY from $188.9 million in Q1 2025.
Cenovus Energy (CVE) Tax Provisions (2009 - 2026) Analysis & Trends
Cenovus Energy (CVE) has 18 years of Tax Provisions data on file, last reported at $374.8 million in Q1 2026.
- Quarterly Tax Provisions rose 98.46% year-over-year to $374.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $573.6 million (down 3.03% YoY) and the FY2025 annual result came in at $391.5 million, down 42.3% from the prior year.
- Tax Provisions climbed to $374.8 million in Q1 2026 per CVE's latest filing, from $71.7 million in the prior quarter.
- The five-year high for Tax Provisions was $659.6 million in Q2 2022, with the low at -$31.8 million in Q1 2023.
- Average Tax Provisions over 5 years is $213.3 million, with a median of $178.0 million recorded in 2022.
- Year-over-year, Tax Provisions sank 107.42% in 2023 and jumped 981.94% in 2024.
- Cenovus Energy's Tax Provisions stood at $186.4 million in 2022, then fell by 8.96% to $169.7 million in 2023, then sank 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.
- Business Quant data shows CVE's Tax Provisions at $374.8 million in Q1 2026, $71.7 million in Q4 2025, and $8.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Exxon Mobil | 6,326.01 Bn | 6,324.19 Bn | - | 2.50 Bn |
| 2 | Petrobras - Petroleo Brasileiro | 3,284.86 Bn | 3,284.86 Bn | 11.34 Bn | 3.11 Bn |
| 3 | Bp | 558.99 Bn | 524.30 Bn | 51.83 Bn | 3.15 Bn |
| 4 | TotalEnergies SE | 523.98 Bn | 523.98 Bn | 26,816.00 | -3,788.00 |
| 5 | Chevron | 328.11 Bn | 333.77 Bn | 20.34 Bn | 1.70 Bn |
| 6 | Equinor Asa | 77.88 Bn | 70.78 Bn | - | -6.64 Bn |
| 7 | National Fuel Gas | 7.37 Bn | 7.34 Bn | 650.52 Mn | 82.74 Mn |
| 8 | Diversified Energy | 1.02 Bn | 860.11 Mn | -3.35 Mn | -152.76 Mn |
| 9 | Stabilis Solutions | 74.76 Mn | 64.12 Mn | 367,000.00 | 6,000.00 |
| 10 | Cenovus Energy | - | - | 6.46 Bn | 374.81 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 |