Cenovus Energy (CVE) vs ONEOK (OKE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Cenovus Energy (CVE) has outperformed ONEOK (OKE) over the past year, gaining 75.9% versus a gain of 21.5%. Over five years, CVE leads with a +162.7% price change compared with +35.2% for OKE. Cenovus Energy is the larger company by market cap ($56.49 billion vs $55.51 billion), about 1.0 times the size.
On valuation, Cenovus Energy trades at a lower forward P/E (11.4x vs 14.1x for ONEOK). ONEOK offers the higher dividend yield (4.82% 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 | OKE |
|---|---|---|
| Share price | $30.63 | $88.05 |
| Market cap | $56.49B | $55.51B |
| 1-day change | -1.95% | -1.32% |
| YTD return | +81.03% | +19.80% |
| 1-year return | +75.93% | +21.53% |
| 5-year return | +162.69% | +35.21% |
| P/E ratio (TTM) | 11.78 | 15.21 |
| Forward P/E | 11.42 | 14.11 |
| EPS (TTM) | $2.60 | $5.79 |
| Dividend yield | 2.68% | 4.82% |
| Annual dividend | $0.82 | $4.24 |
| Revenue (latest FY) | — | $33.63B |
| Revenue growth (YoY) | — | +54.99% |
| Net income (latest FY) | — | $3.39B |
| Gross margin | — | 30.50% |
| Operating margin | — | 17.07% |
| Net margin | — | 10.09% |
| 52-week high | $34.16 | $99.85 |
| 52-week low | $15.63 | $64.02 |
| Distance from 52-week high | -10.33% | -11.82% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +20.83% | +14.93% |
| Average volume | 7.10M | 3.64M |
| Shares outstanding | 1.84B | 630.41M |
| Employees | 7,211 | 6,326 |
| Sector | Energy | Utilities |
| Industry | Oil & Gas Production | Oil & Gas Production |
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 OKE by 54.4 percentage points over the past year.
- ONEOK trades at a higher earnings multiple (15.2x vs 11.8x trailing P/E).
- ONEOK offers a meaningfully higher dividend yield (4.82% vs 2.68%).
- The two companies sit in different sectors: Cenovus Energy in Energy and ONEOK in Utilities.
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 ONEOK
OKE stock →ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States.
Utilities · Oil & Gas Production · 6,326 employees
CVE vs OKE FAQ
Which is bigger, Cenovus Energy or ONEOK?
Cenovus Energy (CVE) is larger, with a market capitalization of $56.49B compared with $55.51B for ONEOK (OKE).
Which stock has performed better over the past year, CVE or OKE?
CVE returned +75.93% over the past 12 months, compared with +21.53% for OKE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CVE or OKE?
CVE has the lower trailing P/E at 11.8, versus 15.2 for OKE. 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 ONEOK?
ONEOK has the higher yield at 4.82%, compared with 2.68% for Cenovus Energy.
Are Cenovus Energy and ONEOK in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.