Company data sheet · Cenovus Energy
Cenovus Energy: growth far beyond its economy.
- Industry
- Crude Petroleum & Natural Gas
- Headquarters
- Canada
- Ticker
- CVE (NYSE)
- Sources
- SEC filings (2009–2026), Stratrix's verified Decision Cases, market data and official economic statistics for Canada
- Data as of
- October 18, 2026
- It outgrew its own economy many times over. Revenue rose from C$11 billion in 2016 to C$49.7 billion in 2025: 4.5 times as much. Canada's economy, counted the same way in money terms, grew about 55%. Whatever drove it, the economy around it does not account for growth of that size.
- Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 328% in US dollars; the median among 25 large energy and mining companies grew 98%. It outgrew 80% of them.
- Still smaller than it was. Revenue reached C$49.7 billion in 2025, 26% below its 2022 peak of C$66.9 billion.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | C$11 billion | −C$0.5 billion | |
| 2017 | C$17 billion | C$3.4 billion | |
| 2018 | C$20.8 billion | −C$2.7 billion | |
| 2019 | C$20.5 billion | C$2.2 billion | |
| 2020 | C$13.5 billion | −C$2.4 billion | |
| 2021 | C$46.4 billion | C$0.6 billion | |
| 2022 | C$66.9 billion | C$6.5 billion | |
| 2023 | C$52.2 billion | C$4.1 billion | |
| 2024 | C$54.3 billion | C$3.1 billion | |
| 2025 | C$49.7 billion | C$3.9 billion |
As reported in its annual filings, in CAD. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Economic context: 6 measures for Canada, every year since 2016, from the official sources.
- Peer comparison: against 40 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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