Cenovus Energy (CVE) revenue breakdown
By segment, Oil Sands is the largest at 52% of fiscal 2020 revenue, growing 25% a year over 4 years.
By region, United States is the largest at 50% of fiscal 2025 revenue; Canada grew fastest, 19% a year over 9 years.
Revenue by segment
Fiscal years, as Cenovus Energy reports them in its 10-K filings; fiscal 2020 total $13.8B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | Share |
|---|---|---|---|---|---|---|
| Oil Sands | $2.9B | $7.1B | $9.6B | $9.7B | $7.2B | 52% |
| Refining and Marketing | $8.4B | $9.9B | $11.2B | $10.5B | $6.1B | 44% |
| Conventional | — | $514M | $831M | $661M | $595M | 4% |
| Corporate and Eliminations | -$353M | -$455M | -$724M | -$689M | -$609M | -4% |
Revenue by region
Fiscal years, as Cenovus Energy reports them in its 10-K filings; fiscal 2025 total $49.7B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $6.0B | $7.3B | $9.1B | $8.4B | $4.8B | $21.3B | $32.2B | $25.9B | $26.3B | $24.9B | 50% |
| Canada | $5.0B | $9.7B | $11.7B | $12.2B | $8.7B | $23.8B | $33.3B | $25.1B | $26.8B | $23.8B | 48% |
| China | — | — | — | — | — | $1.3B | $1.4B | $1.1B | $1.2B | $1.0B | 2% |
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Where does Cenovus Energy make its money?
In fiscal 2020, by segment: Oil Sands $7.2B, Refining and Marketing $6.1B, Conventional $595M, Corporate and Eliminations -$609M.
From Cenovus Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.