CVE vs. EC: Cenovus Energy vs. Ecopetrol Stock Comparison

November 11, 2026

How do Cenovus Energy (CVE) and Ecopetrol (EC) 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

Cenovus Energy (CVE) and Ecopetrol (EC) 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 Ecopetrol (EC) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Cenovus Energy (CVE) and Ecopetrol (EC)
Profile Item	CVE	EC
Name	Cenovus Energy Inc.	Ecopetrol S.A. Sponsored ADR
Country/Region	Canada	Colombia
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	49.61 billion USD	31.97 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 17, 2009	September 18, 2008
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

CVE

GSPC

Cenovus Energy (CVE) vs. Ecopetrol (EC), 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 Cenovus Energy (CVE) and Ecopetrol (EC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cenovus Energy (CVE) and Ecopetrol (EC)
Metric	CVE	EC
Total Return (1Y)	60.99%	64.75%
Total Return (3Y, Annualized)	19.41%	23.69%
Total Return (5Y, Annualized)	18.63%	14.32%

Risk Profile

Drawdown History

CVE

GSPC

Cenovus Energy (CVE) vs. Ecopetrol (EC), 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 Cenovus Energy (CVE) and Ecopetrol (EC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cenovus Energy (CVE) and Ecopetrol (EC)
Metric	CVE	EC
Volatility (1Y, Annualized)	37.47%	40.27%
Beta (5Y)	0.43	0.45
Max Drawdown (5Y)	-53.51%	-48.60%
Avg. Volume (3M)	6.90M	1.62M

Risk-Adjusted Performance

Risk-Return Positioning

CVE and EC 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 Cenovus Energy (CVE) and Ecopetrol (EC)
Metric	CVE	EC
Sharpe Ratio (1Y)	1.51	1.50
Sortino Ratio (1Y)	2.20	2.38

Profitability

ROE (TTM)

Cenovus Energy (CVE) at 27.44% sits in the top ROE quartile, while Ecopetrol (EC) at 15.95% is closer to the peer norm — stronger capital efficiency for CVE.

CVE

Energy industry group

27.44%

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

EC

Energy industry group

15.95%

Max: 53.85%
Q3: 24.79%
EC: 15.95%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

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

Net Margin (TTM)

Both Cenovus Energy (CVE) at 15.42% and Ecopetrol (EC) at 10.23% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CVE

Energy industry group

15.42%

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

EC

Energy industry group

10.23%

Max: 56.92%
Q3: 22.92%
EC: 10.23%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

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

Operating Margin (TTM)

Cenovus Energy (CVE) at 26.58% runs core operations around its industry’s norm, while Ecopetrol (EC) at 0.00% operates in the bottom quartile.

CVE

Energy industry group

26.58%

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

EC

Energy industry group

0.00%

Max: 71.31%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
EC: 0.00%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for Cenovus Energy (CVE) and Ecopetrol (EC)
Metric	CVE	EC
ROE (TTM)	27.44%	15.95%
ROA (TTM)	12.05%	7.31%
Net Margin (TTM)	15.42%	10.23%
Operating Margin (TTM)	26.58%	0.00%
Gross Margin (TTM)	33.92%	37.10%

Growth

Revenue Growth

Both Cenovus Energy (CVE) at -8.62% and Ecopetrol (EC) at -10.23% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

Cenovus Energy (CVE) vs. Ecopetrol (EC): 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 Ecopetrol (EC) at -39.54% is closer to the peer norm — faster per-share earnings growth for CVE.

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

Growth Metrics

Growth metrics for Cenovus Energy (CVE) and Ecopetrol (EC)
Metric	CVE	EC
Revenue Growth (YoY)	-8.62%	-10.23%
Revenue Growth (3Y CAGR)	-9.75%	-9.15%
EPS Growth (YoY)	28.74%	-39.54%
EPS Growth (3Y CAGR)	-12.42%	-35.34%

Financial Strength

Current Ratio (MRQ)

Both Cenovus Energy (CVE) at 1.64 and Ecopetrol (EC) at 1.51 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

CVE

Energy industry group

1.64

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

EC

Energy industry group

1.51

Max: 3.64
Q3: 2.21
EC: 1.51
Median: 1.41
Q1: 0.88
Min: 0.24

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

Debt / Equity (MRQ)

Cenovus Energy (CVE) at 0.33 carries an industry-typical debt-to-equity mix, while Ecopetrol (EC) at 0.96 uses more debt funding than most peers.

CVE

Energy industry group

0.33

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

EC

Energy industry group

0.96

Max: 1.75
EC: 0.96
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Cenovus Energy (CVE) and Ecopetrol (EC)
Metric	CVE	EC
Current Ratio (MRQ)	1.64	1.51
Debt / Equity (MRQ)	0.33	0.96
Net Debt / EBITDA	0.35	--

Dividends

Dividend Yield (TTM)

Ecopetrol (EC) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Cenovus Energy (CVE) reports a yield of 3.04%, ranking against industry peers normally.

CVE

Energy industry group

3.04%

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

EC

Energy industry group

0.00%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
EC: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Cenovus Energy (CVE) at 22.84% and Ecopetrol (EC) at 36.09% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CVE

Energy industry group

22.84%

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

EC

Energy industry group

36.09%

Max: 133.24%
Q3: 53.31%
EC: 36.09%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Cenovus Energy (CVE) and Ecopetrol (EC)
Metric	CVE	EC
Dividend Yield (TTM)	3.04%	0.00%
Dividend Payout Ratio (TTM)	22.84%	36.09%

Valuation

P/E Ratio (TTM)

Both Cenovus Energy (CVE) at 10.56 and Ecopetrol (EC) at 8.45 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CVE

Energy industry group

10.56

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

EC

Energy industry group

8.45

Max: 39.54
Q3: 21.72
Median: 12.19
EC: 8.45
Q1: 7.71
Min: 2.99

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

P/S Ratio (TTM)

A sales-based read is only available for Cenovus Energy (CVE), whose P/S ratio of 0.88 ranks against industry peers; Ecopetrol (EC) reports no figure this period.

CVE

Energy industry group

0.88

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

EC

Energy industry group

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00
EC: --

Cenovus Energy (CVE) vs. Ecopetrol (EC): EC does not report P/S ratio, so it has no value marker; CVE is benchmarked against the Energy industry group.

P/B Ratio (MRQ)

Ecopetrol (EC) at 0.01 sits in the lower P/B ratio quartile against book while Cenovus Energy (CVE) at 1.98 is valued near its industry’s middle — EC is cheaper on assets, though weigh it against ROE and asset quality.

CVE

Energy industry group

1.98

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

EC

Energy industry group

0.01

Max: 4.21
Q3: 2.38
Median: 1.51
Q1: 1.08
EC: 0.01
Min: 0.01

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

Valuation Metrics

Valuation metrics for Cenovus Energy (CVE) and Ecopetrol (EC)
Metric	CVE	EC
P/E Ratio (TTM)	10.56	8.45
P/S Ratio (TTM)	0.88	--
P/B Ratio (MRQ)	1.98	0.01
Free Cash Flow Yield (TTM)	20.71%	38,006.99%