Cenovus Energy
CVE
$20.82
Share price
-1.37%
Change (1 day)
19.45%
Change (1 year)
Cenovus Energy Inc. is a Canadian oil company headquartered in Calgary, Alberta.
The company is involved on the production, refining, and transportation of oil and gases.
Operating Margin for Cenovus Energy (CVE)
Operating Margin as of October 2023 (TTM): 8.29%
According to Cenovus Energy 's latest financial reports and stock price the company's current Operating Margin is 8.29%. At the end of 2022 the company had an Operating Margin of 12.17%.
Operating Margin history for Cenovus Energy from 2009 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 12.17% | 351.59% |
| 2021 | 2.69% | -111.34% |
| 2020 | -23.77% | -463.26% |
| 2019 | 6.54% | -135.64% |
| 2018 | -18.36% | -243.41% |
| 2017 | 12.80% | -269.57% |
| 2016 | -7.55% | -285.63% |
| 2015 | 4.07% | -31.59% |
| 2014 | 5.94% | 3.18% |
| 2013 | 5.76% | -44.12% |
| 2012 | 10.31% | -26.69% |
| 2011 | 14.06% | 56.85% |
| 2010 | 8.96% | -4.31% |
| 2009 | 9.37% | -49.84% |
| 2008 | 18.68% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Apache Corporation APA | 51.77% | 524.49% | 🇺🇸 USA |
 EOG Resources EOG | 33.57% | 304.95% | 🇺🇸 USA |
 Marathon Oil
MRO | 39.59% | 377.56% | 🇺🇸 USA |
 Phillips 66 PSX | 9.97% | 20.27% | 🇺🇸 USA |
 Imperial Oil
IMO | 16.57% | 99.88% | 🇨🇦 Canada |
 Suncor Energy
SU | 21.11% | 154.64% | 🇨🇦 Canada |
 Canadian Natural Resources CNQ | 21.77% | 162.61% | 🇨🇦 Canada |
What is a company's Operating Margin
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.