CVE vs. VG: Cenovus Energy vs. Venture Global Stock Comparison

November 11, 2026

How do Cenovus Energy (CVE) and Venture Global (VG) 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 Venture Global (VG) both belong to the Oil, Gas & Consumable Fuels industry, though CVE is classified under Integrated Oil & Gas while VG falls under Oil & Gas Exploration & Production.

Cenovus Energy (CVE) has been public since November 17, 2009, giving it a longer listed trading history, while Venture Global (VG) listed on January 24, 2025 and still has a shorter public-market record.

Company profile comparison for Cenovus Energy (CVE) and Venture Global (VG)
Profile Item	CVE	VG
Name	Cenovus Energy Inc.	Venture Global Inc. Class A
Country/Region	Canada	United States
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	Oil & Gas Exploration & Production
Market Capitalization	49.61 billion USD	28.83 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 17, 2009	January 24, 2025
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CVE

GSPC

Cenovus Energy (CVE) vs. Venture Global (VG), 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 Venture Global (VG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cenovus Energy (CVE) and Venture Global (VG)
Metric	CVE	VG
Total Return (1Y)	60.99%	49.08%
Total Return (3Y, Annualized)	19.41%	--
Total Return (5Y, Annualized)	18.63%	--

Risk Profile

Drawdown History

CVE

GSPC

Cenovus Energy (CVE) vs. Venture Global (VG), 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 Venture Global (VG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cenovus Energy (CVE) and Venture Global (VG)
Metric	CVE	VG
Volatility (1Y, Annualized)	37.47%	75.79%
Beta (5Y)	0.43	0.48
Max Drawdown (5Y)	-53.51%	-75.16%
Avg. Volume (3M)	6.90M	14.78M

Risk-Adjusted Performance

Risk-Return Positioning

CVE and VG 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 Venture Global (VG)
Metric	CVE	VG
Sharpe Ratio (1Y)	1.51	0.59
Sortino Ratio (1Y)	2.20	0.90

Profitability

ROE (TTM)

Both Cenovus Energy (CVE) at 27.44% and Venture Global (VG) at 33.64% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

CVE

Energy industry group

27.44%

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

VG

Energy industry group

33.64%

Max: 53.85%
VG: 33.64%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

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

Net Margin (TTM)

Both Cenovus Energy (CVE) at 15.42% and Venture Global (VG) at 22.05% 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%

VG

Energy industry group

22.05%

Max: 56.92%
Q3: 22.92%
VG: 22.05%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

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

Operating Margin (TTM)

Venture Global (VG) at 47.79% operates in the top operating margin quartile, ahead of Cenovus Energy (CVE) at 26.58%, which runs around its industry’s norm.

CVE

Energy industry group

26.58%

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

VG

Energy industry group

47.79%

Max: 71.31%
VG: 47.79%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for Cenovus Energy (CVE) and Venture Global (VG)
Metric	CVE	VG
ROE (TTM)	27.44%	33.64%
ROA (TTM)	12.05%	7.38%
Net Margin (TTM)	15.42%	22.05%
Operating Margin (TTM)	26.58%	47.79%
Gross Margin (TTM)	33.92%	46.92%

Growth

Revenue Growth

Venture Global (VG) at 176.93% delivers above-range revenue growth, while Cenovus Energy (CVE) at -8.62% falls into the bottom quartile — a wide split in revenue momentum.

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

EPS Growth

Both Cenovus Energy (CVE) at 28.74% and Venture Global (VG) at 41.08% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

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

Growth Metrics

Growth metrics for Cenovus Energy (CVE) and Venture Global (VG)
Metric	CVE	VG
Revenue Growth (YoY)	-8.62%	176.93%
Revenue Growth (3Y CAGR)	-9.75%	28.77%
EPS Growth (YoY)	28.74%	41.08%
EPS Growth (3Y CAGR)	-12.42%	6.05%

Financial Strength

Current Ratio (MRQ)

Both Cenovus Energy (CVE) at 1.64 and Venture Global (VG) at 1.19 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

VG

Energy industry group

1.19

Max: 3.64
Q3: 2.21
Median: 1.41
VG: 1.19
Q1: 0.88
Min: 0.24

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

Debt / Equity (MRQ)

Cenovus Energy (CVE) at 0.33 is near its industry mid-range for debt-to-equity ratio, while Venture Global (VG) at 3.55 sits above its benchmark range, pointing to a heavier debt load relative to equity.

CVE

Energy industry group

0.33

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

VG

Energy industry group

3.55

VG: 3.55
Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

Cenovus Energy (CVE) vs. Venture Global (VG): 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 Venture Global (VG)
Metric	CVE	VG
Current Ratio (MRQ)	1.64	1.19
Debt / Equity (MRQ)	0.33	3.55
Net Debt / EBITDA	0.35	5.40

Dividends

Dividend Yield (TTM)

Both Cenovus Energy (CVE) at 3.04% and Venture Global (VG) at 0.61% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CVE

Energy industry group

3.04%

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

VG

Energy industry group

0.61%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
VG: 0.61%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Cenovus Energy (CVE) at 22.84% and Venture Global (VG) at 5.51% 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%

VG

Energy industry group

5.51%

Max: 133.24%
Q3: 53.31%
Median: 25.24%
VG: 5.51%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Cenovus Energy (CVE) and Venture Global (VG)
Metric	CVE	VG
Dividend Yield (TTM)	3.04%	0.61%
Dividend Payout Ratio (TTM)	22.84%	5.51%

Valuation

P/E Ratio (TTM)

Both Cenovus Energy (CVE) at 10.56 and Venture Global (VG) at 9.08 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

VG

Energy industry group

9.08

Max: 39.54
Q3: 21.72
Median: 12.19
VG: 9.08
Q1: 7.71
Min: 2.99

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

P/S Ratio (TTM)

Cenovus Energy (CVE) at 0.88 sits in the cheaper P/S ratio quartile while Venture Global (VG) at 1.70 prices around its industry’s middle — CVE costs less per dollar of sales, though read it alongside growth and margins.

CVE

Energy industry group

0.88

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

VG

Energy industry group

1.70

Max: 5.40
Q3: 2.85
VG: 1.70
Median: 1.69
Q1: 0.88
Min: 0.00

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

P/B Ratio (MRQ)

Cenovus Energy (CVE) at 1.98 is valued about in line with its industry on P/B ratio, while Venture Global (VG) at 3.36 carries an above-peer premium to book — VG is pricier on assets.

CVE

Energy industry group

1.98

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

VG

Energy industry group

3.36

Max: 4.21
VG: 3.36
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for Cenovus Energy (CVE) and Venture Global (VG)
Metric	CVE	VG
P/E Ratio (TTM)	10.56	9.08
P/S Ratio (TTM)	0.88	1.70
P/B Ratio (MRQ)	1.98	3.36
Free Cash Flow Yield (TTM)	20.71%	-29.96%