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
DateValue
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