Cenovus Energy (CVE) Tax Rate (2009 - 2025)
Cenovus Energy (CVE) recorded Tax Rate of 9.67% in the quarter ended Dec 31, 2025, down 10.98 percentage points from 20.65% a year earlier.
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Analysis
Cenovus Energy (CVE) Tax Rate (2009 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Cenovus Energy reported Tax Rate of 135.81%, down 36.31 percentage points from the prior year.
- Annual Tax Rate has a five-year change of +91.97 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Tax Rate came in at 172.12% in the year ended Dec 31, 2024 (+52.73 pp), 119.38% in the year ended Dec 31, 2023 (+26.90 pp), 92.49% in the year ended Dec 31, 2022 (-321.35 pp) and 413.84% in the year ended Dec 31, 2021 (+370.00 pp).
- The figure for the quarter ended Dec 31, 2025 is the lowest quarterly Tax Rate since the quarter ended Mar 31, 2023.
- On a year-over-year basis, Tax Rate rose in two of the last six quarters, with an average year-over-year change of +2.68 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 198.22 percentage points in the quarter ended Dec 31, 2022, against a drop of 229.61 percentage points in the quarter ended Dec 31, 2021 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 702.52 Bn | 660.66 Bn | - | 24.55% |
| 2 | Chevron | 427.59 Bn | 399.71 Bn | 33.45 Bn | 26.95% |
| 3 | Shell | 299.61 Bn | 159.87 Bn | - | - |
| 4 | TotalEnergies SE | 197.84 Bn | 68.92 Bn | 31,614.00 | - |
| 5 | Conocophillips | 165.71 Bn | 138.42 Bn | 12.81 Bn | 35.37% |
| 6 | Equinor Asa | 111.12 Bn | 23.97 Bn | 4.49 Bn | - |
| 7 | Canadian Natural Resources | 104.02 Bn | 101.03 Bn | 8.84 Bn | 18.22% |
| 8 | Phillips 66 | 102.56 Bn | 86.35 Bn | 10.69 Bn | 20.67% |
| 9 | Suncor Energy | 88.02 Bn | 73.77 Bn | - | - |
| 10 | Cenovus Energy | 51.43 Bn | 43.14 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 0.85% |
| Jun 30, 2025 | 16.24% |
| Mar 31, 2025 | 23.98% |
| Sep 30, 2024 | 19.92% |
| Jun 30, 2024 | 23.61% |
| Mar 31, 2024 | 24.32% |
| Sep 30, 2023 | 23.13% |
| Jun 30, 2023 | 17.37% |
| Sep 30, 2022 | 28.58% |
| Jun 30, 2022 | 25.70% |
| Mar 31, 2022 | 25.05% |
| Sep 30, 2021 | 33.93% |
| Jun 30, 2021 | 33.33% |
| Mar 31, 2021 | 25.17% |
| Sep 30, 2019 | 21.76% |
| Mar 31, 2019 | 29.94% |
| Jun 30, 2017 | 20.71% |
| Mar 31, 2017 | 18.85% |
| Sep 30, 2015 | 10.84% |
| Jun 30, 2015 | 30.00% |
API Access
Cenovus Energy Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=CVE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CVE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=CVE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();