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
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