BP vs. CVE: BP vs. Cenovus Energy Stock Comparison

November 11, 2026

How do BP (BP) and Cenovus Energy (CVE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

BP (BP) and Cenovus Energy (CVE) are both classified in the Integrated Oil & Gas sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Cenovus Energy (CVE) trades as ordinary local shares, while BP (BP) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for BP (BP) and Cenovus Energy (CVE)
Profile Item	BP	CVE
Name	BP Plc Sponsored ADR	Cenovus Energy Inc.
Country/Region	United Kingdom	Canada
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Integrated Oil & Gas	Integrated Oil & Gas
Market Capitalization	114.69 billion USD	49.61 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 1962	November 17, 2009
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

CVE

GSPC

BP (BP) vs. Cenovus Energy (CVE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for BP (BP) and Cenovus Energy (CVE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BP (BP) and Cenovus Energy (CVE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for BP (BP) and Cenovus Energy (CVE)
Metric	BP	CVE
Total Return (1Y)	28.75%	60.99%
Total Return (3Y, Annualized)	14.45%	19.41%
Total Return (5Y, Annualized)	15.30%	18.63%

Risk Profile

Drawdown History

CVE

GSPC

BP (BP) vs. Cenovus Energy (CVE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for BP (BP) and Cenovus Energy (CVE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for BP (BP) and Cenovus Energy (CVE)
Metric	BP	CVE
Volatility (1Y, Annualized)	30.74%	37.47%
Beta (5Y)	0.19	0.43
Max Drawdown (5Y)	-30.64%	-53.51%
Avg. Volume (3M)	9.10M	6.90M

Risk-Adjusted Performance

Risk-Return Positioning

BP and CVE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for BP (BP) and Cenovus Energy (CVE)
Metric	BP	CVE
Sharpe Ratio (1Y)	0.80	1.51
Sortino Ratio (1Y)	1.11	2.20

Profitability

ROE (TTM)

Cenovus Energy (CVE) at 27.44% sits in the top ROE quartile, while BP (BP) at 13.42% is closer to the peer norm — stronger capital efficiency for CVE.

BP

Energy industry group

13.42%

Max: 53.85%
Q3: 24.79%
BP: 13.42%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

CVE

Energy industry group

27.44%

Max: 53.85%
CVE: 27.44%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

BP (BP) vs. Cenovus Energy (CVE): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both BP (BP) at 3.84% and Cenovus Energy (CVE) at 15.42% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

BP

Energy industry group

3.84%

Max: 56.92%
Q3: 22.92%
Median: 10.10%
BP: 3.84%
Q1: 0.07%
Min: -27.38%

CVE

Energy industry group

15.42%

Max: 56.92%
Q3: 22.92%
CVE: 15.42%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

BP (BP) vs. Cenovus Energy (CVE): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both BP (BP) at 18.59% and Cenovus Energy (CVE) at 26.58% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

BP

Energy industry group

18.59%

Max: 71.31%
Q3: 33.75%
Median: 18.73%
BP: 18.59%
Q1: 6.94%
Min: -24.52%

CVE

Energy industry group

26.58%

Max: 71.31%
Q3: 33.75%
CVE: 26.58%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

BP (BP) vs. Cenovus Energy (CVE): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for BP (BP) and Cenovus Energy (CVE)
Metric	BP	CVE
ROE (TTM)	13.42%	27.44%
ROA (TTM)	6.75%	12.05%
Net Margin (TTM)	3.84%	15.42%
Operating Margin (TTM)	18.59%	26.58%
Gross Margin (TTM)	29.56%	33.92%

Growth

Revenue Growth

BP (BP) at 0.08% is around its peer norm for revenue growth, while Cenovus Energy (CVE) at -8.62% drops into the bottom quartile, signaling weaker demand or pricing momentum.

BP (BP) vs. Cenovus Energy (CVE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Cenovus Energy (CVE) at 28.74% sits in the top EPS growth quartile, while BP (BP) at -85.34% is in the bottom quartile, showing a clear gap in earnings momentum.

BP (BP) vs. Cenovus Energy (CVE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for BP (BP) and Cenovus Energy (CVE)
Metric	BP	CVE
Revenue Growth (YoY)	0.08%	-8.62%
Revenue Growth (3Y CAGR)	-7.78%	-9.75%
EPS Growth (YoY)	-85.34%	28.74%
EPS Growth (3Y CAGR)	--	-12.42%

Financial Strength

Current Ratio (MRQ)

Both BP (BP) at 1.29 and Cenovus Energy (CVE) at 1.64 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

BP

Energy industry group

1.29

Max: 3.64
Q3: 2.21
Median: 1.41
BP: 1.29
Q1: 0.88
Min: 0.24

CVE

Energy industry group

1.64

Max: 3.64
Q3: 2.21
CVE: 1.64
Median: 1.41
Q1: 0.88
Min: 0.24

BP (BP) vs. Cenovus Energy (CVE): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both BP (BP) at 0.87 and Cenovus Energy (CVE) at 0.33 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

BP

Energy industry group

0.87

Max: 1.75
Q3: 0.93
BP: 0.87
Median: 0.54
Q1: 0.30
Min: 0.00

CVE

Energy industry group

0.33

Max: 1.75
Q3: 0.93
Median: 0.54
CVE: 0.33
Q1: 0.30
Min: 0.00

BP (BP) vs. Cenovus Energy (CVE): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for BP (BP) and Cenovus Energy (CVE)
Metric	BP	CVE
Current Ratio (MRQ)	1.29	1.64
Debt / Equity (MRQ)	0.87	0.33
Net Debt / EBITDA	0.56	0.35

Dividends

Dividend Yield (TTM)

Both BP (BP) at 0.76% and Cenovus Energy (CVE) at 3.04% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

BP

Energy industry group

0.76%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
BP: 0.76%
Q1: 0.00%
Min: 0.00%

CVE

Energy industry group

3.04%

Max: 8.57%
Q3: 3.58%
CVE: 3.04%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

BP (BP) vs. Cenovus Energy (CVE): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Cenovus Energy (CVE) at 22.84% pays out a band-typical share of earnings, while BP (BP) at 95.25% distributes more than its industry norm — less retained, thinner cover.

BP

Energy industry group

95.25%

Max: 133.24%
BP: 95.25%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

CVE

Energy industry group

22.84%

Max: 133.24%
Q3: 53.31%
Median: 25.24%
CVE: 22.84%
Q1: 0.00%
Min: 0.00%

BP (BP) vs. Cenovus Energy (CVE): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for BP (BP) and Cenovus Energy (CVE)
Metric	BP	CVE
Dividend Yield (TTM)	0.76%	3.04%
Dividend Payout Ratio (TTM)	95.25%	22.84%

Valuation

P/E Ratio (TTM)

Both BP (BP) at 21.72 and Cenovus Energy (CVE) at 10.56 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

BP

Energy industry group

21.72

Max: 39.54
BP: 21.72
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

CVE

Energy industry group

10.56

Max: 39.54
Q3: 21.72
Median: 12.19
CVE: 10.56
Q1: 7.71
Min: 2.99

BP (BP) vs. Cenovus Energy (CVE): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both BP (BP) at 0.49 and Cenovus Energy (CVE) at 0.88 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

BP

Energy industry group

0.49

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
BP: 0.49
Min: 0.00

CVE

Energy industry group

0.88

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
CVE: 0.88
Min: 0.00

BP (BP) vs. Cenovus Energy (CVE): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Cenovus Energy (CVE) at 1.98 sits near its industry’s typical P/B ratio, while BP (BP) at 7.43 prices above its benchmark range — BP looks rich relative to book.

BP

Energy industry group

7.43

BP: 7.43
Max: 4.21
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

CVE

Energy industry group

1.98

Max: 4.21
Q3: 2.38
CVE: 1.98
Median: 1.51
Q1: 1.08
Min: 0.01

BP (BP) vs. Cenovus Energy (CVE): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for BP (BP) and Cenovus Energy (CVE)
Metric	BP	CVE
P/E Ratio (TTM)	21.72	10.56
P/S Ratio (TTM)	0.49	0.88
P/B Ratio (MRQ)	7.43	1.98
Free Cash Flow Yield (TTM)	14.84%	20.71%