Cenovus Energy (CVE) Tax Rate (2009 - 2026)
Cenovus Energy (CVE) posted Tax Rate of 27.19% for Q2 2026, up 10.26% sequentially from 24.66% in Q1 2026, and up 1095.0% YoY from 2.28% in Q2 2025.
Analysis
Cenovus Energy (CVE) Tax Rate (2009 - 2026) Analysis & Trends
Cenovus Energy has reported Tax Rate for 18 years, with the latest figure at 27.19% in Q2 2026.
- Quarterly Tax Rate rose 1095.0% year-over-year to 27.19% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 20.31% (down 164.0% YoY) and the FY2025 annual result came in at 12.22%, down 1060.0% from the prior year.
- Tax Rate advanced to 27.19% in Q2 2026 per CVE's latest filing, from 24.66% in the prior quarter.
- Over five years, Tax Rate peaked at 27.19% in Q2 2026 and troughed at 7.25% in Q1 2023.
- A 5-year average of 19.92% and a median of 23.66% in 2024 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate surged 19822 bps in 2022, then slumped 3230 bps in 2023.
- Over 5 years, Tax Rate stood at 24.4% in 2022, then dropped by 3 bps to 23.72% in 2023, then decreased by 13 bps to 20.65% in 2024, then slumped by 53 bps to 9.67% in 2025, then soared by 181 bps to 27.19% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 27.19%, 24.66%, and 9.67% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 31.41% |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 26.95% |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 14.08% |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | -32.93% |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | -62.89% |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | 26.47% |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 23.43% |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | 27.19% |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | -32.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.19 |
| Jun 30, 2026 | 27.19 |
| Jun 30, 2026 | 27.19 |
| Mar 31, 2026 | 24.66 |
| Mar 31, 2026 | 24.66 |
| Mar 31, 2026 | 24.66 |
| Dec 31, 2025 | 9.67 |
| Dec 31, 2025 | 9.67 |
| Dec 31, 2025 | 9.67 |
| Sep 30, 2025 | 12.98 |
| Sep 30, 2025 | 12.98 |
| Sep 30, 2025 | 12.98 |
| Jun 30, 2025 | 16.24 |
| Jun 30, 2025 | 16.24 |
| Jun 30, 2025 | 16.24 |
| Mar 31, 2025 | 23.98 |
| Mar 31, 2025 | 23.98 |
| Mar 31, 2025 | 23.98 |
| Dec 31, 2024 | 20.65 |
| Dec 31, 2024 | 20.65 |