Cenovus Energy ROE 2024

Cenovus Energy Aktienanalyse

What does Cenovus Energy do?

Cenovus Energy Inc. is a Canadian company that started operating in 2009. Its headquarters are located in Calgary, Alberta. However, the company's history dates back to 1881 when the Canadian Pacific Railway was founded. Over the following decades, the company became one of the largest in Canada and soon began to venture into the energy generation sector. When Canadian Pacific Railway acquired PanCanadian Energy Corporation in 2001, it transformed into an independent company known as EnCana Corporation. After some restructuring, Cenovus Energy Inc. was finally established in 2009 as an independent company. Cenovus Energy Inc.'s business model focuses on the exploration and production of oil and gas in both Canada and the United States. Various methods are used to access these valuable resources, with oil sands extraction playing a particularly significant role in extracting oil from the vast reserves in Alberta and Saskatchewan. Overall, Cenovus Energy Inc. can be divided into three main segments: - Exploration & Production: This involves searching for oil and gas reserves, as well as developing and operating extraction facilities. - Conventional Oil: This segment focuses on the extraction of conventional oil using traditional methods. - Refining & Marketing: This involves processing crude oil into various products such as gasoline, lubricants, and heating oil, which are then sold. Cenovus Energy has become one of the largest energy companies in Canada, employing over 8,000 employees. The company is listed on the Toronto Stock Exchange and the New York Stock Exchange. Cenovus Energy's products mainly include various oil and gas products that are marketed both domestically and internationally, with a focus on supplying North American companies. However, renewable energy production is not part of Cenovus Energy's core business. Cenovus Energy is also actively working to make its production more environmentally friendly. The company has significantly expanded its investment program in renewable energy to meet the energy needs of its production facilities. Additionally, technologies to reduce CO2 emissions are being implemented, and recycling processes are being developed. Overall, Cenovus Energy Inc. is an important player in the Canadian and North American energy industry. However, its focus on extracting fossil fuels also places it within the discussion on sustainable environmental practices and transitioning to renewable energy sources. Cenovus Energy ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROE Details

Decoding Cenovus Energy's Return on Equity (ROE)

Cenovus Energy's Return on Equity (ROE) is a fundamental metric evaluating the company's profitability relative to its equity. Calculated by dividing net income by shareholder's equity, ROE illustrates how effectively the company is generating profits from shareholders’ investments. A higher ROE represents enhanced efficiency and profitability.

Year-to-Year Comparison

Analyzing Cenovus Energy's ROE on a yearly basis aids in tracking its profitability trends and financial performance. An increasing ROE suggests enhanced profitability and value generation for shareholders, whereas a declining ROE may indicate issues in profit generation or equity management.

Impact on Investments

Cenovus Energy's ROE is instrumental for investors assessing the company's profitability, efficiency, and investment attractiveness. A robust ROE indicates the firm’s adeptness at converting equity investments into profits, thereby enhancing its appeal to potential and current investors.

Interpreting ROE Fluctuations

Changes in Cenovus Energy’s ROE can emanate from variations in net income, equity capital, or both. These fluctuations are scrutinized to evaluate management’s effectiveness, financial strategies, and the inherent risks and opportunities, aiding investors in making informed decisions.

Frequently Asked Questions about Cenovus Energy Stock

What is the ROE (Return on Equity) of Cenovus Energy this year?

The ROE of Cenovus Energy this year is 0.14 undefined.

How has the Return on Equity (ROE) of Cenovus Energy developed compared to the previous year?

The ROE of Cenovus Energy has increased by -38.99% decreased compared to the previous year.

What impact does a high ROE (Return on Equity) have on investors of Cenovus Energy?

A high ROE indicates that Cenovus Energy generates good returns on capital and is successful in monetizing its investments. This is a positive indicator for investors.

What impact does a low ROE (Return on Equity) have on investors of Cenovus Energy?

A low ROE can indicate that Cenovus Energy is having difficulties monetizing its investments successfully and can be a negative signal for investors.

How does a change in the ROE (Return on Equity) of Cenovus Energy affect the company?

A change in ROE (Return on Equity) of Cenovus Energy can be an indicator of the financial performance of the company and demonstrate how successful the company is compared to other companies in the same industry.

How to calculate the ROE (Return on Equity) of Cenovus Energy?

The ROE (Return on Equity) is calculated by dividing the company's profit by the total equity. The formula is: ROE = Profit / Total equity.

Which factors influence the ROE (Return on Equity) of Cenovus Energy?

Some factors that can influence Cenovus Energy's Return on Equity (ROE) include the efficiency in using equity, the profitability of the company, and the financing structure.

What strategic measures can take to improve the ROE (Return on Equity)?

To improve the Return on Equity (ROE), can take measures such as cost savings, increasing revenue, improving efficiency in the use of equity, and making changes in the financing structure. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to improve ROE.

How much dividend does Cenovus Energy pay?

Over the past 12 months, Cenovus Energy paid a dividend of 0.67 CAD . This corresponds to a dividend yield of about 2.27 %. For the coming 12 months, Cenovus Energy is expected to pay a dividend of 0.79 CAD.

What is the dividend yield of Cenovus Energy?

The current dividend yield of Cenovus Energy is 2.27 %.

When does Cenovus Energy pay dividends?

Cenovus Energy pays a quarterly dividend. This is distributed in the months of July, October, January, April.

How secure is the dividend of Cenovus Energy?

Cenovus Energy paid dividends every year for the past 18 years.

What is the dividend of Cenovus Energy?

For the upcoming 12 months, dividends amounting to 0.79 CAD are expected. This corresponds to a dividend yield of 2.7 %.

In which sector is Cenovus Energy located?

Cenovus Energy is assigned to the 'Energy' sector.

Wann musste ich die Aktien von Cenovus Energy kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Cenovus Energy from 3/28/2024 amounting to 0.14 CAD, you needed to have the stock in your portfolio before the ex-date on 3/14/2024.

When did Cenovus Energy pay the last dividend?

The last dividend was paid out on 3/28/2024.

What was the dividend of Cenovus Energy in the year 2023?

In the year 2023, Cenovus Energy distributed 0.464 CAD as dividends.

In which currency does Cenovus Energy pay out the dividend?

The dividends of Cenovus Energy are distributed in CAD.