Cenovus Energy (CVE) vs Equinor ASA (EQNR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Cenovus Energy (CVE) has outperformed Equinor ASA (EQNR) over the past year, gaining 75.9% versus a gain of 63.9%. Over five years, CVE leads with a +162.7% price change compared with +52.7% for EQNR. Equinor ASA is the larger company by market cap ($98.58 billion vs $56.49 billion), about 1.7 times the size.
On valuation, Equinor ASA trades at a lower forward P/E (8.8x vs 11.4x for Cenovus Energy). Equinor ASA offers the higher dividend yield (3.70% vs 2.68%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CVE | EQNR |
|---|---|---|
| Share price | $30.63 | $41.61 |
| Market cap | $56.49B | $98.58B |
| 1-day change | -1.95% | -3.26% |
| YTD return | +81.03% | +76.09% |
| 1-year return | +75.93% | +63.88% |
| 5-year return | +162.69% | +52.70% |
| P/E ratio (TTM) | 12.01 | 11.37 |
| Forward P/E | 11.42 | 8.78 |
| EPS (TTM) | $2.55 | $3.66 |
| Dividend yield | 2.68% | 3.70% |
| Annual dividend | $0.82 | $1.54 |
| Revenue (latest FY) | — | $106.46B |
| Revenue growth (YoY) | — | +2.59% |
| Net income (latest FY) | — | $5.04B |
| Gross margin | — | 48.18% |
| Operating margin | — | 23.81% |
| Net margin | — | 4.74% |
| 52-week high | $34.16 | $45.84 |
| 52-week low | $15.63 | $22.26 |
| Distance from 52-week high | -10.33% | -9.23% |
| Analyst consensus | strong_buy | hold |
| Avg. price target upside | +20.83% | -6.68% |
| Average volume | 7.06M | 3.46M |
| Shares outstanding | 1.84B | 2.37B |
| Employees | 7,211 | 23,545 |
| Sector | Energy | Energy |
| Industry | Oil & Gas Production | Integrated oil Companies |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- CVE has outperformed EQNR by 12.0 percentage points over the past year.
- Equinor ASA offers a meaningfully higher dividend yield (3.70% vs 2.68%).
About Cenovus Energy
CVE stock →Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments.
Energy · Oil & Gas Production · 7,211 employees
About Equinor ASA
EQNR stock →Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments.
Energy · Integrated oil Companies · 23,545 employees
CVE vs EQNR FAQ
Which is bigger, Cenovus Energy or Equinor ASA?
Equinor ASA (EQNR) is larger, with a market capitalization of $98.58B compared with $56.49B for Cenovus Energy (CVE).
Which stock has performed better over the past year, CVE or EQNR?
CVE returned +75.93% over the past 12 months, compared with +63.88% for EQNR (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CVE or EQNR?
EQNR has the lower trailing P/E at 11.4, versus 12.0 for CVE. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Cenovus Energy or Equinor ASA?
Equinor ASA has the higher yield at 3.70%, compared with 2.68% for Cenovus Energy.
Are Cenovus Energy and Equinor ASA in the same industry?
Both are in the Energy sector, but in different industries: Oil & Gas Production for Cenovus Energy and Integrated oil Companies for Equinor ASA.