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
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%