Cenovus Energy/$CVE

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About Cenovus Energy

Cenovus Energy Inc is a Canadian integrated energy group. The group's upstream operations include oil sands projects in northern Alberta; thermal and conventional crude oil, natural gas, and natural gas liquids (NGLs) projects across Western Canada; crude oil production offshore Newfoundland and Labrador; and natural gas and NGLs production offshore China and Indonesia. Its downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada. The group's reportable segments are: Oil Sands, Conventional, Offshore, Canadian Refining, U.S Refining, and Corporate and Eliminations. Maximum revenue is generated from its Oil Sands segment. Geographically, the group derives maximum revenue from the U.S., followed by Canada and China.
Ticker
$CVE
Sector
Energy
Primary listing
NYSE
Employees
7,211
Headquarters
Calgary, Canada

Cenovus Energy Metrics

BasicAdvanced
$63B
13.05
$2.60
0.50
$0.59
1.86%

What the Analysts think about Cenovus Energy

Analyst ratings (Buy, Hold, Sell) for Cenovus Energy stock.
Analyst projections of the future price of Cenovus Energy stock.

Bulls say / Bears say

Cenovus delivered record second-quarter results, with about C$5.0 billion of adjusted funds flow and C$3.8 billion of free funds flow. It also raised 2026 production guidance by 25,000 barrels of oil equivalent per day and cut oil-sands cost guidance by roughly 6%. (Cenovus Energy, Reuters)
The MEG Energy acquisition is adding scale through adjacent, low-cost oil-sands assets. Total upstream production rose 27% year on year to 970,400 barrels of oil equivalent per day, with record output at Christina Lake and Sunrise. (Reuters, Cenovus Energy)
Cenovus has moved below its C$6 billion interim net-debt threshold, repaid the remaining C$2.2 billion MEG acquisition loan and returned C$1.4 billion to shareholders in the second quarter. Its framework now targets returning about 75% of excess free funds flow to investors while net debt is between C$6 billion and C$4 billion. (Cenovus Energy)
The quarter benefited from unusually favourable market conditions rather than only operational improvements. U.S. refining operating margin included a C$152 million inventory gain, while adjusted market capture fell to 67% from 114% as product and crude pricing moved against the business. (Cenovus Energy)
Near-term operating risk remains material: Cenovus expects a large Lima refinery turnaround in September or October, while planned maintenance is also expected to reduce third-quarter oil-sands production and U.S. refining throughput. Foster Creek also suffered an unplanned disruption in the second quarter. (OPIS, Cenovus Energy)
Cenovus remains heavily exposed to Canadian oil sands, so long-term regulatory and carbon-policy changes could pressure project economics and future returns even if near-term production is strong. (Yahoo Finance)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.

Cenovus Energy Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Cenovus Energy Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

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