Cenovus Energy (TSX:CVE) Retained Earnings : C$10,706 Mil (As of Sep. 2024)

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What is Cenovus Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cenovus Energy's retained earnings for the quarter that ended in Sep. 2024 was C$10,706 Mil.

Cenovus Energy's quarterly retained earnings increased from Mar. 2024 (C$9,818 Mil) to Jun. 2024 (C$10,224 Mil) and increased from Jun. 2024 (C$10,224 Mil) to Sep. 2024 (C$10,706 Mil).

Cenovus Energy's annual retained earnings increased from Dec. 2021 (C$878 Mil) to Dec. 2022 (C$6,392 Mil) and increased from Dec. 2022 (C$6,392 Mil) to Dec. 2023 (C$8,913 Mil).

Cenovus Energy Retained Earnings Historical Data

The historical data trend for Cenovus Energy's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cenovus Energy Retained Earnings Chart

Cenovus Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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2,957.00

501.00

878.00

6,392.00

8,913.00

Cenovus Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															8,440.00	8,913.00	9,818.00	10,224.00	10,706.00

Cenovus Energy Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Cenovus Energy (TSX:CVE) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Cenovus Energy Business Description

Industry

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Address

225 - 6 Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 1N2

Website

https://www.cenovus.com

Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.

Executives

Michael John Crothers	Director
Jeffery George Lawson	Senior Officer
Geoffrey Murray	Senior Officer
Jonathan Michael Mckenzie	Senior Officer
Keith Chiasson	Senior Officer
Karamjit Singh Sandhar	Senior Officer
Alex Pourbaix	Director, Senior Officer
Melanie Anne Little	Director
Rhona Marie Delfrari	Senior Officer
Joseph Drew Zieglgansberger	Senior Officer
Doreen Alexandra Cole	Senior Officer
Gary Frederick Molnar	Senior Officer
Norrie Carson Ramsay	Senior Officer
Andrew Dahlin	Senior Officer
Susan Mary Anderson-olney	Senior Officer