Cenovus Energy Inc. cash flow statement

In fiscal 2025, Cenovus Energy Inc.'s operations generated $5.89bn of cash; it spent $0 on capital projects, leaving free cash flow of $5.89bn. It returned $1.03bn in dividends and $1.43bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cenovus Energy Inc.: cash flow statement, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	1,154	651	2,358	1,663	2,476	204	4,724	8,770	5,476	6,743	5,891
Capital spending	1,234	731	1,174	1,021	837	605	0	0	0	0	0
Free cash flow	−80	−80	1,184	642	1,639	−401	4,724	8,770	5,476	6,743	5,891
Dividends paid	413	125	173	189	196	57	—	—	760	1,133	1,029
Share buybacks	—	—	—	—	0	0	211	1,946	786	1,055	1,428

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Cenovus Energy Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cenovus Energy Inc.