Cenovus Energy Inc (CVE) — Free Cash Flow Generation Index
Cenovus Energy Inc (CVE) has a Free Cash Flow Generation Index of 0.47x as of March 2026. Free cash flow of CA$1.03 Billion represents 0% of operating cash flow (CA$2.18 Billion). Explore reinvestment intensity of Cenovus Energy Inc to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Cenovus Energy Inc Free Cash Flow Generation Index (2008–2025)
Historical FCF Generation Index trend for Cenovus Energy Inc across 18 annual periods. For the full cash flow conversion analysis, see CVE cash generation efficiency.
Annual Free Cash Flow Generation for Cenovus Energy Inc (2008–2025)
Year-by-year Free Cash Flow Generation Index for Cenovus Energy Inc. Check CVE cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (CAD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.41x | CA$3.41 Billion | CA$8.23 Billion | CA$4.82 Billion | ▼ -9.4% |
| 2024 | 0.46x | CA$4.22 Billion | CA$9.23 Billion | CA$5.01 Billion | ▲ +9.3% |
| 2023 | 0.42x | CA$3.09 Billion | CA$7.39 Billion | CA$4.30 Billion | ▼ -37.6% |
| 2022 | 0.67x | CA$7.64 Billion | CA$11.40 Billion | CA$3.76 Billion | ▲ +18.2% |
| 2021 | 0.57x | CA$3.36 Billion | CA$5.92 Billion | CA$2.56 Billion | ▲ +126.4% |
| 2020 | -2.15x | CA$-586.00 Million | CA$273.00 Million | CA$859.00 Million | ▼ -435.5% |
| 2019 | 0.64x | CA$2.10 Billion | CA$3.29 Billion | CA$1.18 Billion | ▲ +77.4% |
| 2018 | 0.36x | CA$777.00 Million | CA$2.15 Billion | CA$1.38 Billion | ▼ -20.6% |
| 2017 | 0.45x | CA$1.39 Billion | CA$3.06 Billion | CA$1.67 Billion | ▲ +326.0% |
| 2016 | -0.20x | CA$-173.00 Million | CA$861.00 Million | CA$1.03 Billion | ▼ -23.4% |
| 2015 | -0.16x | CA$-240.00 Million | CA$1.47 Billion | CA$1.71 Billion | ▼ -222.7% |
| 2014 | 0.13x | CA$468.00 Million | CA$3.53 Billion | CA$3.06 Billion | ▲ +74.0% |
| 2013 | 0.08x | CA$270.00 Million | CA$3.54 Billion | CA$3.27 Billion | ▲ +999.7% |
| 2012 | -0.01x | CA$-29.00 Million | CA$3.42 Billion | CA$3.45 Billion | ▼ -105.8% |
| 2011 | 0.15x | CA$481.00 Million | CA$3.27 Billion | CA$2.79 Billion | ▼ -1.2% |
| 2010 | 0.15x | CA$386.00 Million | CA$2.59 Billion | CA$2.21 Billion | ▼ -67.5% |
| 2009 | 0.46x | CA$1.68 Billion | CA$3.66 Billion | CA$1.98 Billion | ▲ +92.0% |
| 2008 | 0.24x | CA$780.10 Million | CA$3.27 Billion | CA$2.49 Billion | — |