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.
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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | -33.32% |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 35.81% |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | 43.08% |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | -96.99% |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 31.41% |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | -62.89% |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | -27.49% |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | 23.70% |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 56.49% |
| 10 | Cenovus Energy | 12.32 Bn | 10.04 Bn | 8.50 Bn | 27.19% |
Historic Data
Download 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% |