Cenovus Energy Inc
TSX:CVE
Cenovus Energy Inc
Net Income (Common)
Cenovus Energy Inc
Net Income (Common) Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Net Income (Common) | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Cenovus Energy Inc
TSX:CVE
|
Net Income (Common)
CA$3.1B
|
CAGR 3-Years
78%
|
CAGR 5-Years
7%
|
CAGR 10-Years
15%
|
|
|
Suncor Energy Inc
TSX:SU
|
Net Income (Common)
CA$6B
|
CAGR 3-Years
13%
|
CAGR 5-Years
16%
|
CAGR 10-Years
8%
|
|
|
Pieridae Energy Ltd
TSX:PEA
|
Net Income (Common)
-CA$38.9m
|
CAGR 3-Years
1%
|
CAGR 5-Years
11%
|
CAGR 10-Years
N/A
|
|
|
T
|
Topaz Energy Corp
TSX:TPZ
|
Net Income (Common)
CA$46.4m
|
CAGR 3-Years
19%
|
CAGR 5-Years
50%
|
CAGR 10-Years
N/A
|
|
|
Imperial Oil Ltd
TSX:IMO
|
Net Income (Common)
CA$4.8B
|
CAGR 3-Years
25%
|
CAGR 5-Years
17%
|
CAGR 10-Years
2%
|
|
Cenovus Energy Inc
Glance View
In the bustling world of energy, Cenovus Energy Inc. has carved out a prominent position as a significant player in the oil and gas industry. Born from the 2009 split of Encana Corporation, Cenovus set out with a clear vision, capitalizing on Canada's abundant oil sands. This Calgary-based company is renowned for its strategic focus on the development and production of oil, natural gas, and natural gas liquids, primarily from the rich reserves of Alberta's oil sands. These vast deposits have shaped the company's identity, with its operations at Foster Creek and Christina Lake among the standout projects that exemplify its commitment to responsible production methods. Notably, Cenovus employs steam-assisted gravity drainage (SAGD) technology, an innovative approach designed to extract oil efficiently while minimizing environmental impact. Cenovus's business model revolves around an integrated strategy that combines oil production with refining and marketing, thus allowing for a more stable and resilient financial performance. The company has expanded its value chain significantly through its merger with Husky Energy in 2021, which bolstered its downstream capabilities with an array of refining and upgrading facilities. These facilities, paired with an extensive network of pipelines and retail outlets, ensure that Cenovus captures value at multiple stages of the energy supply chain. As a result, Cenovus not only extracts resources but also refines them into various products, which are then marketed and sold, generating revenue across the board. This integrated model offers a buffer against market volatility, allowing Cenovus to navigate the complex dynamics of the global energy market with agility and foresight.
See Also
What is Cenovus Energy Inc's Net Income (Common)?
Net Income (Common)
3.1B
CAD
Based on the financial report for Dec 31, 2024, Cenovus Energy Inc's Net Income (Common) amounts to 3.1B CAD.
What is Cenovus Energy Inc's Net Income (Common) growth rate?
Net Income (Common) CAGR 10Y
15%
Over the last year, the Net Income (Common) growth was -24%. The average annual Net Income (Common) growth rates for Cenovus Energy Inc have been 78% over the past three years , 7% over the past five years , and 15% over the past ten years .
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