Cenovus Energy (CVE) Tax Rate (2009 - 2026)
Cenovus Energy's (CVE) quarterly Tax Rate came in at 24.66% in Q1 2026, up 68.0% year-on-year from 14.68% in Q1 2025, and up 155.03% quarter-over-quarter from 9.67% in Q4 2025.
Cenovus Energy (CVE) Tax Rate (2009 - 2026) Analysis & Trends
Cenovus Energy has disclosed Tax Rate across 18 years of filings, most recently posting 24.66% for Q1 2026.
- Tax Rate for Q1 2026 came in at 24.66%, up 68.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.57% (down 795.0% YoY), and the FY2025 annual result was 12.22%, down 1060.0% from the prior year.
- Tax Rate came in at 24.66% for Q1 2026 at Cenovus Energy, up from 9.67% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 25.7% in Q2 2022 to a low of 7.25% in Q1 2023.
- The 5-year median for Tax Rate is 23.37% (2023), against an average of 18.5%.
- Across the five-year window, Tax Rate soared 19822 bps in 2022 and slumped 3230 bps in 2023, its largest moves.
- Cenovus Energy's Tax Rate stood at 24.4% in 2022, then decreased by 3 bps to 23.72% in 2023, then fell by 13 bps to 20.65% in 2024, then slumped by 53 bps to 9.67% in 2025, then surged by 155 bps to 24.66% in 2026.
- The last three Tax Rate figures came in at 24.66% (Q1 2026), 9.67% (Q4 2025), and 0.85% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (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 | - | 35.81% |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | -14.16% |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | 43.59% |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 24.66% |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | - |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | 42.81% |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | - |
| 10 | Imperial Oil | 42.92 Bn | 42.17 Bn | - | 23.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.66% |
| Mar 31, 2026 | 24.66% |
| Dec 31, 2025 | 9.67% |
| Dec 31, 2025 | 9.67% |
| Sep 30, 2025 | 0.85% |
| Sep 30, 2025 | 0.85% |
| Jun 30, 2025 | 16.24% |
| Jun 30, 2025 | 16.24% |
| Mar 31, 2025 | 23.98% |
| Mar 31, 2025 | 23.98% |
| Dec 31, 2024 | 20.65% |
| Dec 31, 2024 | 20.65% |
| Sep 30, 2024 | 19.92% |
| Sep 30, 2024 | 19.92% |
| Jun 30, 2024 | 23.61% |
| Jun 30, 2024 | 23.61% |
| Mar 31, 2024 | 24.32% |
| Mar 31, 2024 | 24.32% |
| Dec 31, 2023 | 23.72% |
| Dec 31, 2023 | 23.72% |