Toronto Stock Exchange · Energy
Invest in Cenovus Energy stock from India
Indian and foreign residents can buy Cenovus Energy (CVE) shares directly through Paasa.
By Paasa · Updated
Cenovus Energy at a glance
- Price
- CA$44.24+CA$0.25 (0.57%)
- Market cap
- CA$81.59B
- Day range
- CA$44.17 – CA$44.93
- P/E
- 12.25
- Dividend yield
- 1.90%
- Volume
- 2.65M
- 1 month
- -0.63%
- 6 months
- +19.83%
- YTD
- +90.53%
- 1 year
- +87.22%
- 5 years
- +247.53%
Cenovus Energy statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | CA$49.7B | CA$54.3B | CA$52.2B | CA$66.9B | CA$46.4B |
| Gross profit | CA$5.2B | CA$5.6B | CA$6.2B | CA$11.4B | CA$5.7B |
| Operating income | CA$4.4B | CA$4.8B | CA$5.5B | CA$10.5B | CA$4.9B |
| Net income | CA$3.9B | CA$3.1B | CA$4.1B | CA$6.5B | CA$587.0M |
| Earnings per share | CA$2.16 | CA$1.68 | CA$2.15 | CA$3.29 | CA$0.29 |
| EBITDA | CA$10.4B | CA$9.6B | CA$10.2B | CA$13.9B | CA$6.7B |
| Total assets | CA$63.4B | CA$56.5B | CA$53.9B | CA$55.9B | CA$54.1B |
| Total debt | CA$14.2B | CA$10.6B | CA$9.9B | CA$11.6B | CA$15.4B |
| Cash and short-term investments | CA$2.7B | CA$3.1B | CA$2.2B | CA$4.5B | CA$2.9B |
| Shareholders' equity | CA$31.6B | CA$29.8B | CA$28.7B | CA$27.6B | CA$23.6B |
| Operating cash flow | CA$8.2B | CA$9.2B | CA$7.4B | CA$11.4B | CA$5.9B |
| Free cash flow | CA$3.4B | CA$4.2B | CA$3.1B | CA$7.6B | CA$3.4B |
| Capital expenditure | −CA$4.8B | −CA$5.0B | −CA$4.3B | −CA$3.8B | −CA$2.6B |
Fiscal years as reported, the latest ending 31 Dec 2025. Figures in CAD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Enbridge | ENB.TO | CA$66.21 | CA$144.58B |
| Suncor Energy | SU.TO | CA$95.82 | CA$113.14B |
| TC Energy | TRP.TO | CA$82.70 | CA$86.15B |
| Imperial Oil | IMO.TO | CA$173.02 | CA$83.67B |
| Pembina Pipeline | PPL.TO | CA$63.22 | CA$36.76B |
| Tourmaline Oil | TOU.TO | CA$59.81 | CA$23.22B |
| ARC Resources | ARX.TO | CA$33.91 | CA$19.21B |
Peers as grouped by the data provider. This is not an investment recommendation.
Analyst price targets
- Low
- —
- High
- —
- Median
- —
- Consensus
- —
Ratings: 11 buy · 15 hold · 1 sell. Consensus: Hold.
Published sell-side 12-month targets in CAD, aggregated by the data provider. They are not Paasa's view and not a forecast.
How to invest in Cenovus Energy from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CAD when you buy.
Step 3
Search CVE and buy
Find Cenovus Energy by name or by its ticker, CVE, and place your order.
Why invest in Cenovus Energy from India
What Cenovus Energy does
Cenovus Energy Inc. is a global energy firm that, through its subsidiaries, engages in the exploration, production, and marketing of crude oil, natural gas liquids, and natural gas across Canada, the United States, and the Asia Pacific region. Its diverse operations are organized into six distinct business units: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail. Cenovus Energy operates in the Oil & Gas Integrated industry within the Energy sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Cenovus Energy stock from India?
Yes. Indian residents and NRIs can buy Cenovus Energy (CVE) shares directly through Paasa. Cenovus Energy is listed on the Toronto Stock Exchange, in the Oil & Gas Integrated industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
What tax do I pay in India when I sell Cenovus Energy shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the CAD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.