• Cenovus Energy Inc average return on equity for 2023 was 15.56, a 9.64% decline from 2022.
• Cenovus Energy Inc average return on equity for 2022 was 17.22, a 1311.48% decline from 2021.
• Cenovus Energy Inc average return on equity for 2021 was 1.22, a 114.61% increase from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.