Cenovus Energy Inc.

NYSE:CVE Stock Report

Market Cap: US$26.8b

Cenovus Energy Management

Management criteria checks 2/4

Cenovus Energy's CEO is Jon McKenzie, appointed in Apr 2023, has a tenure of 1.67 years. total yearly compensation is CA$8.67M, comprised of 11.4% salary and 88.6% bonuses, including company stock and options. directly owns 0.054% of the company’s shares, worth $14.49M. The average tenure of the management team and the board of directors is 1.7 years and 4.3 years respectively.

Key information

Jon McKenzie

Chief executive officer

CA$8.7m

Total compensation

CEO salary percentage11.4%
CEO tenure1.7yrs
CEO ownership0.05%
Management average tenure1.7yrs
Board average tenure4.3yrs

Recent management updates

Recent updates

Cenovus Energy: Even More Attractive

Dec 03

Cenovus: Record Valuation Discount Could Set Up Strong Returns

Nov 20

Cash-Flow Gusher: Why Cenovus Remains One Of My Favorite Energy Plays

Nov 01

Cenovus Energy: A Cash Flow Monster

Sep 04

Cenovus Energy: Net Debt Target Bullseye So Here Comes The Cash

Aug 02

The Negativity Toward Cenovus Energy Is Overdone

Jun 12

Cenovus Energy: 29% Dividend Hike Is Just The Beginning

Jun 05

Cash Flow Gusher: How Cenovus Energy Can Shower You With Dividends

May 12

Cenovus Energy: My Top Pick Among Canadian Majors

Apr 10

Cenovus Energy: Possibly One Of The Most Undervalued Energy Stocks

Feb 18

Cenovus Energy: The Waiting Is The Hardest Part

Nov 16

Canada's Best - Cenovus Is A Significantly Undervalued Buyback Powerhouse

Nov 06

Cenovus Energy Inc: Not Getting A Lot Of Value Here

Oct 05

Cenovus Energy: This Variable Can Turbocharge The E&P Rally

Sep 15

Cenovus Energy: Massive Buybacks And Dividends Are Around The Corner

Aug 31

Chevron Is Better Than Cenovus

Aug 23

Cenovus Energy: Still Growing

Jul 24

Cenovus Energy: Preferred Shares Look Incredibly Attractive

Jul 14

Cenovus Energy: Investor Patience Could Be Rewarded Toward Year End

Jun 06

Cenovus: What To Expect From Oil Sands Producer's Q4

Feb 14

Cenovus Energy: Integration Continues

Jan 22

The Trans Mountain Pipeline Expansion Will Benefit Cenovus

Jan 17

Cenovus Energy goes ex-dividend tomorrow

Dec 13

CEO Compensation Analysis

How has Jon McKenzie's remuneration changed compared to Cenovus Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$4b

Jun 30 2024n/an/a

CA$5b

Mar 31 2024n/an/a

CA$5b

Dec 31 2023CA$9mCA$989k

CA$4b

Sep 30 2023n/an/a

CA$4b

Jun 30 2023n/an/a

CA$4b

Mar 31 2023n/an/a

CA$5b

Dec 31 2022CA$5mCA$750k

CA$6b

Sep 30 2022n/an/a

CA$5b

Jun 30 2022n/an/a

CA$4b

Mar 31 2022n/an/a

CA$2b

Dec 31 2021CA$6mCA$700k

CA$553m

Sep 30 2021n/an/a

CA$816m

Jun 30 2021n/an/a

CA$80m

Mar 31 2021n/an/a

-CA$371m

Dec 31 2020CA$4mCA$588k

-CA$2b

Sep 30 2020n/an/a

-CA$2b

Jun 30 2020n/an/a

-CA$2b

Mar 31 2020n/an/a

CA$287m

Dec 31 2019CA$4mCA$625k

CA$2b

Sep 30 2019n/an/a

CA$731m

Jun 30 2019n/an/a

CA$302m

Mar 31 2019n/an/a

-CA$2b

Dec 31 2018CA$5mCA$461k

-CA$3b

Compensation vs Market: Jon's total compensation ($USD6.04M) is below average for companies of similar size in the US market ($USD12.85M).

Compensation vs Earnings: Jon's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Jon McKenzie (56 yo)

1.7yrs

Tenure

CA$8,671,098

Compensation

Mr. Jonathan M. McKenzie, also known as Jon, CA, was Vice-Chair of Canadian Association of Petroleum Producers from November 2023 until November 2024 and is its Chair of the Board from November 2024. He se...

Leadership Team

NamePositionTenureCompensationOwnership
Alexander Pourbaix
Executive Chair7.1yrsCA$8.11m0.079%
$ 21.1m
Jonathan McKenzie
President1.7yrsCA$8.67m0.054%
$ 14.5m
Kam Sandhar
Executive VP of Strategy & CFO1.3yrsCA$2.78m0.0076%
$ 2.0m
Keith Chiasson
Executive VP & COO1.3yrsCA$3.21m0.0087%
$ 2.3m
Norrie Ramsay
Executive VP of Upstream - Thermal & Atlantic Offshore5yrsCA$2.68m0.0029%
$ 791.2k
Jason Abbate
Senior Vice President of Investor Relationsno datano datano data
Gary Molnar
Senior VP of Legal3.9yrsno data0.0030%
$ 793.8k
Jeffery Lawson
Senior VP of Corporate Development & Acting Chief Sustainability Officerless than a yearno data0.0085%
$ 2.3m
Susan Anderson
Senior Vice-President of People Services2.8yrsno data0.00062%
$ 166.3k
Rhona Delfrari
Chief Sustainability Officer & Exe VP of Stakeholder Engagement (Leave of Absence))less than a yearno data0.0022%
$ 587.3k
P. Dahlin
Executive Vice-President3.9yrsno data0.0015%
$ 410.3k
Doreen Cole
Executive Vice-President of Downstreamno datano data0.00094%
$ 252.1k

1.7yrs

Average Tenure

56yo

Average Age

Experienced Management: CVE's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Alexander Pourbaix
Executive Chair7.1yrsCA$8.11m0.079%
$ 21.1m
Jonathan McKenzie
President1.7yrsCA$8.67m0.054%
$ 14.5m
Claude Mongeau
Lead Independent Director8yrsCA$303.09k0.019%
$ 5.1m
Eva Kwok
Independent Director3.9yrsCA$256.21kno data
Frank Sixt
Independent Director3.9yrsCA$253.00k0.0032%
$ 852.8k
Rhonda Zygocki
Independent Director8.7yrsCA$278.00kno data
James Girgulis
Director1.1yrsCA$169.58k0.00065%
$ 174.3k
Richard Marcogliese
Independent Director8.7yrsCA$274.50k0.0036%
$ 954.8k
Keith Casey
Independent Director4.7yrsCA$267.50kno data
Michael Crothers
Independent Director1.1yrsCA$168.23k0.00022%
$ 59.0k
Melanie Little
Independent Director1.9yrsCA$266.00k0.00016%
$ 42.9k
Jane Kinney
Independent Director5.7yrsCA$281.13kno data

4.3yrs

Average Tenure

64yo

Average Age

Experienced Board: CVE's board of directors are considered experienced (4.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 00:57
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Cenovus Energy Inc. is covered by 51 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Patrick O'RourkeATB Capital Markets
Yim ChengBarclays