Cenovus Energy annual r&d spending
2015
2016
2017
2018
2019
Cenovus Energy R&D Spending Growth & History (CVE)
Cenovus Energy's r&d spending was $20.0M for fiscal 2019.
View full Cenovus Energy company overviewCenovus Energy annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2019 | 2019-12-31 | $20.0M | −$5.0M | −20.00% |
| 2018 | 2018-12-31 | $25.0M | −$11.0M | −30.56% |
| 2017 | 2017-12-31 | $36.0M | $0 | 0.00% |
| 2016 | 2016-12-31 | $36.0M | $9.0M | +33.33% |
| 2015 | 2015-12-31 | $27.0M | — | — |
Cenovus Energy quarterly r&d spending
Q2.17
Q2.18
Q2.19
Q3.19
Q3.20
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q3 2020 | 2020-09-30 | $3.0M | −$3.0M | −50.00% |
| Q3 2019 | 2019-09-30 | $6.0M | — | — |
| Q2 2019 | 2019-06-30 | $6.0M | −$1.0M | −14.29% |
| Q2 2018 | 2018-06-30 | $7.0M | $2.0M | +40.00% |
| Q2 2017 | 2017-06-30 | $5.0M | — | — |
Cenovus Energy r&d spending trends
Between the periods ended 2015-12-31 and 2019-12-31, Cenovus Energy's r&d spending decreased from $27.0M to $20.0M, a change of −$7.0M. The latest reported quarter, Q3 2020, shows $3.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Cenovus Energy source filings ↗