Cenovus Energy/$CVE

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About Cenovus Energy

Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.

Ticker

$CVE
Sector

Primary listing

NYSE

Employees

7,150

Headquarters

Calgary, Canada

Cenovus Energy Metrics

BasicAdvanced
$30B
16.32
$1.03
1.33
$0.53
3.48%

What the Analysts think about Cenovus Energy

Analyst ratings (Buy, Hold, Sell) for Cenovus Energy stock.

Bulls say / Bears say

The C$7.9 billion acquisition of MEG Energy will combine Christina Lake and Foster Creek assets to create one of Canada’s largest oil sands producers with over 720,000 barrels per day of production (Reuters).
Cenovus targets growing oil sands output to over 850,000 barrels per day by 2028, leveraging operational synergies and enhanced steam‐to‐oil ratios at MEG’s Christina Lake site (Reuters).
Engaging Canadian Indigenous groups for a C$2 billion equity stake in the MEG deal could bolster social license, mitigate regulatory risk and foster community alignment on oil sands projects (Reuters).
Cenovus lowered its 2025 production forecast to 805,000–825,000 barrels of oil equivalent per day from up to 845,000 due to a temporary Rush Lake shutdown, underscoring operational vulnerabilities and potential cash-flow impact (Reuters).
The planned 20%–25% workforce reduction post-Husky acquisition, affecting roughly 2,150 roles, may disrupt operations and erode employee morale as cost-savings targets are pursued (Reuters).
The C$7.9 billion MEG Energy acquisition carries a 27.9% premium, introducing dilution concerns for existing shareholders and heightening integration complexity (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 7 Sept 2025.

Cenovus Energy Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Cenovus Energy Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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Sept15
Cenovus Energy
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Sept29
Cenovus Energy
DividendPayment
$0.20Per share
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