Cenovus Energy CVE
NYSE CVE
$31.58 -0.14 (-0.44%)
At close: Aug 28, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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