CVENYSECrude Petroleum & Natural GasFiscal year ends December 31
CENOVUS ENERGY INC.
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 40-F on Feb 19, 2026
$33.23+0.29 (+0.88%)
Close on Oct 19, 2026
CENOVUS ENERGY INC. revenue by segment
By business segment
| Revenue | Q4 25 | Q3 25 | Q4 24 | Q3 24 | Q4 23 | Q3 23 | Q4 22 | Q3 22 | Q2 22 | Q4 21 | Q3 21 | Q2 21 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate and Eliminations | – | -C$1.94B | – | -C$2.31B | – | -C$2.73B | – | -C$2.43B | -C$1.78B | – | -C$1.45B | -C$1.28B | – | – |
| U.S. Refining | – | – | – | C$7.22B | – | – | – | – | – | – | – | – | – | – |
By product or service
| Revenue | Q4 25 | Q3 25 | Q4 24 | Q3 24 | Q4 23 | Q3 23 | Q4 22 | Q3 22 | Q2 22 | Q4 21 | Q3 21 | Q2 21 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Upstream | C$7.62B | C$6.70B | C$7.33B | C$7.33B | C$6.90B | C$7.65B | C$7.38B | C$9.02B | C$10.10B | – | – | C$5.60B | 70.0% | +4.0% |
| Downstream | C$5.31B | C$8.44B | C$7.84B | C$8.80B | C$8.40B | C$9.66B | C$8.30B | C$10.87B | C$10.84B | – | – | C$6.32B | 48.8% | -32.2% |
By region
| Revenue | Q4 25 | Q3 25 | Q4 24 | Q3 24 | Q4 23 | Q3 23 | Q4 22 | Q3 22 | Q2 22 | Q4 21 | Q3 21 | Q2 21 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Canada | C$6.43B | C$5.79B | C$6.56B | C$6.94B | C$6.30B | C$6.67B | C$6.84B | C$8.00B | C$9.67B | C$6.99B | C$6.24B | C$5.22B | 59.1% | -1.9% |
| United States | C$4.20B | C$7.18B | C$5.97B | C$6.61B | C$6.52B | C$7.61B | C$6.88B | C$9.16B | C$9.16B | C$6.59B | C$6.14B | C$5.12B | 38.6% | -29.6% |
| China | C$255.00M | C$232.00M | C$290.00M | C$276.00M | C$316.00M | C$300.00M | C$339.00M | C$317.00M | C$332.00M | C$352.00M | C$316.00M | C$291.00M | 2.3% | -12.1% |
From the segment and revenue-disaggregation notes of Cenovus Energy's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.