CVE vs. WDS: Cenovus Energy vs. Woodside Energy Stock Comparison

November 11, 2026

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

Cenovus Energy (CVE) trades as ordinary local shares, while Woodside Energy (WDS) 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 Woodside Energy (WDS)
Profile Item	CVE	WDS
Name	Cenovus Energy Inc.	Woodside Energy Group Ltd ADR
Country/Region	Canada	Australia
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	40.00 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 17, 2009	November 18, 1996
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

CVE

WDS

GSPC

Cenovus Energy (CVE) vs. Woodside Energy (WDS), 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 Woodside Energy (WDS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cenovus Energy (CVE) and Woodside Energy (WDS)
Metric	CVE	WDS
Total Return (1Y)	60.99%	30.30%
Total Return (3Y, Annualized)	19.41%	5.67%
Total Return (5Y, Annualized)	18.63%	11.65%

Risk Profile

Drawdown History

CVE

WDS

GSPC

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

Risk Metrics

Risk profile metrics for Cenovus Energy (CVE) and Woodside Energy (WDS)
Metric	CVE	WDS
Volatility (1Y, Annualized)	37.47%	33.53%
Beta (5Y)	0.43	0.38
Max Drawdown (5Y)	-53.51%	-48.77%
Avg. Volume (3M)	6.90M	570.04K

Risk-Adjusted Performance

Risk-Return Positioning

CVE and WDS 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 Woodside Energy (WDS)
Metric	CVE	WDS
Sharpe Ratio (1Y)	1.51	0.78
Sortino Ratio (1Y)	2.20	1.11

Profitability

ROE (TTM)

Cenovus Energy (CVE) at 27.44% sits in the top ROE quartile, while Woodside Energy (WDS) at 7.68% 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%

WDS

Energy industry group

7.68%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
WDS: 7.68%
Q1: 2.03%
Min: -29.09%

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

Net Margin (TTM)

Both Cenovus Energy (CVE) at 15.42% and Woodside Energy (WDS) at 22.21% 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%

WDS

Energy industry group

22.21%

Max: 56.92%
Q3: 22.92%
WDS: 22.21%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

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

Operating Margin (TTM)

Both Cenovus Energy (CVE) at 26.58% and Woodside Energy (WDS) at 23.91% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CVE

Energy industry group

26.58%

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

WDS

Energy industry group

23.91%

Max: 71.31%
Q3: 33.75%
WDS: 23.91%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for Cenovus Energy (CVE) and Woodside Energy (WDS)
Metric	CVE	WDS
ROE (TTM)	27.44%	7.68%
ROA (TTM)	12.05%	2.83%
Net Margin (TTM)	15.42%	22.21%
Operating Margin (TTM)	26.58%	23.91%
Gross Margin (TTM)	33.92%	34.92%

Growth

Revenue Growth

Woodside Energy (WDS) at -1.48% 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.

Cenovus Energy (CVE) vs. Woodside Energy (WDS): 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 Woodside Energy (WDS) at -24.02% is closer to the peer norm — faster per-share earnings growth for CVE.

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

Growth Metrics

Growth metrics for Cenovus Energy (CVE) and Woodside Energy (WDS)
Metric	CVE	WDS
Revenue Growth (YoY)	-8.62%	-1.48%
Revenue Growth (3Y CAGR)	-9.75%	-8.26%
EPS Growth (YoY)	28.74%	-24.02%
EPS Growth (3Y CAGR)	-12.42%	-30.68%

Financial Strength

Current Ratio (MRQ)

Both Cenovus Energy (CVE) at 1.64 and Woodside Energy (WDS) at 1.39 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

WDS

Energy industry group

1.39

Max: 3.64
Q3: 2.21
Median: 1.41
WDS: 1.39
Q1: 0.88
Min: 0.24

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

Debt / Equity (MRQ)

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

CVE

Energy industry group

0.33

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

WDS

Energy industry group

0.33

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

Cenovus Energy (CVE) vs. Woodside Energy (WDS): 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 Woodside Energy (WDS)
Metric	CVE	WDS
Current Ratio (MRQ)	1.64	1.39
Debt / Equity (MRQ)	0.33	0.33
Net Debt / EBITDA	0.35	1.15

Dividends

Dividend Yield (TTM)

Woodside Energy (WDS) at 5.41% delivers top-quartile income for its industry, while Cenovus Energy (CVE) at 3.04% pays a more typical yield — both are credible income propositions, WDS the richer one.

CVE

Energy industry group

3.04%

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

WDS

Energy industry group

5.41%

Max: 8.57%
WDS: 5.41%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Cenovus Energy (CVE) vs. Woodside Energy (WDS): 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 Woodside Energy (WDS) at 69.78% distributes more than its industry norm — less retained, thinner cover.

CVE

Energy industry group

22.84%

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

WDS

Energy industry group

69.78%

Max: 133.24%
WDS: 69.78%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Cenovus Energy (CVE) and Woodside Energy (WDS)
Metric	CVE	WDS
Dividend Yield (TTM)	3.04%	5.41%
Dividend Payout Ratio (TTM)	22.84%	69.78%

Valuation

P/E Ratio (TTM)

Both Cenovus Energy (CVE) at 10.56 and Woodside Energy (WDS) at 13.15 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

WDS

Energy industry group

13.15

Max: 39.54
Q3: 21.72
WDS: 13.15
Median: 12.19
Q1: 7.71
Min: 2.99

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

P/S Ratio (TTM)

Cenovus Energy (CVE) at 0.88 looks cheap on sales in the lower P/S ratio quartile, while Woodside Energy (WDS) at 2.89 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

CVE

Energy industry group

0.88

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

WDS

Energy industry group

2.89

Max: 5.40
WDS: 2.89
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

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

P/B Ratio (MRQ)

On P/B ratio, both Cenovus Energy (CVE) at 1.98 and Woodside Energy (WDS) at 1.11 are valued close to their industries’ norm against book — neither stands out from peers.

CVE

Energy industry group

1.98

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

WDS

Energy industry group

1.11

Max: 4.21
Q3: 2.38
Median: 1.51
WDS: 1.11
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for Cenovus Energy (CVE) and Woodside Energy (WDS)
Metric	CVE	WDS
P/E Ratio (TTM)	10.56	13.15
P/S Ratio (TTM)	0.88	2.89
P/B Ratio (MRQ)	1.98	1.11
Free Cash Flow Yield (TTM)	20.71%	1.41%