Cenovus Energy Inc
TSX:CVE
Net Margin
Cenovus Energy Inc
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Net Margin Across Competitors
| Country | Company | Market Cap |
Net Margin |
||
|---|---|---|---|---|---|
| CA |
|
Cenovus Energy Inc
TSX:CVE
|
28.3B CAD |
6%
|
|
| SA |
|
Saudi Arabian Oil Co
SAU:2222
|
6.7T SAR |
22%
|
|
| US |
|
Exxon Mobil Corp
NYSE:XOM
|
435B USD |
10%
|
|
| US |
|
Chevron Corp
NYSE:CVX
|
238.8B USD |
9%
|
|
| NL |
R
|
Royal Dutch Shell PLC
OTC:RYDAF
|
197.2B USD |
6%
|
|
| UK |
|
Shell PLC
LSE:SHEL
|
147.1B GBP |
6%
|
|
| CN |
|
PetroChina Co Ltd
SSE:601857
|
1.4T CNY |
6%
|
|
| FR |
|
TotalEnergies SE
PAR:TTE
|
111.3B EUR |
8%
|
|
| CN |
|
China Petroleum & Chemical Corp
SSE:600028
|
680.3B CNY |
2%
|
|
| BR |
|
Petroleo Brasileiro SA Petrobras
BOVESPA:PETR4
|
429.2B BRL |
17%
|
|
| UK |
|
BP PLC
LSE:BP
|
53.3B GBP |
0%
|
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
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Based on Cenovus Energy Inc's most recent financial statements, the company has Net Margin of 5.7%.
You don't have any saved screeners yet