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
DateValue
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%