Cenovus Energy Inc.
Close on Nov 2, 2026Market cap $57.78BP/E 20.0Yield –
Cenovus Energy Total Oil Sands Netback (C$/BOE) by Year
Total Oil Sands Netback (C$/BOE) ($)
Cenovus Energy Total Oil Sands Netback (C$/BOE): $38.37 in 2025, down 14.5% from a year earlier.
Where the 2025 figure comes from
Source: Cenovus Energy Q2 2026 Supplemental Financial & Operating Information (PDF) ↗
Netback = Realized Sales Price − Royalties − Transportation & Blending − Operating Expenses (excluding diluent condensate cost, which is netted from realized bitumen price). Annual Fuel vs. Non-Fuel per-unit opex is reported in Form 40-F MD&A (2026 Guidance: Fuel C$2.50–3.00/bbl, Non-Fuel C$8.25–8.75/bbl, Total C$10.75–11.75/bbl; Q2 2026 Total Oil Sands Fuel C$1.87/bbl, Non-Fuel C$11.33/bbl).
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Total Oil Sands Netback (C$/BOE) ($) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 38.37 | -14.5% | Cenovus Energy Q2 2026 Supplemental Financial & Operating Information (PDF) ↗ |
| 2024 | Dec 31, 2024 | 44.88 | +17.8% | Cenovus Energy Q4 2025 Supplemental Financial & Operating Information (PDF) ↗ |
| 2023 | Dec 31, 2023 | 38.10 | -22.4% | Cenovus Energy Q4 2024 Supplemental Financial & Operating Information (PDF) ↗ |
| 2022 | Dec 31, 2022 | 49.10 | +45.7% | Cenovus Energy Q4 2023 Supplemental Financial & Operating Information (PDF) ↗ |
| 2021 | Dec 31, 2021 | 33.69 | +245.2% | Cenovus Energy Q4 2022 Supplemental Financial & Operating Information (PDF) ↗ |
| 2020 | Dec 31, 2020 | 9.76 | – | Cenovus Energy Q4 2021 Supplemental Financial & Operating Information (PDF) ↗ |
Breakdown
What makes up total Oil Sands Netback (C$/BOE)
Cite this data
StockData. (2026). Cenovus Energy Total Oil Sands Netback (C$/BOE) ($), annual 2020–2025 [Data set]. Compiled from Cenovus Energy SEC filings and investor materials. https://stockdatahq.com/stocks/cve/kpis/nb-os-tot-netback
See every metric in the Cenovus Energy KPI table. Data updated Nov 3, 2026.