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Income Taxes

9 Months Ended

Sep. 30, 2023

Disclosure Of Income Tax Expense Continuing Operations [Abstract]

Income Taxes

6. INCOME TAXES

			Three Months Ended												Nine Months Ended
For the periods ended September 30,			2023						2022						2023						2022
Current Tax
Canada			484						187						941						1,124
United States			4						(185)						4						96
Asia Pacific			68						64						152						173
Other International			7						10						19						10
Total Current Tax Expense (Recovery)			563						76						1,116						1,403
Deferred Tax Expense (Recovery)			(2)						568						(416)						625
			561						644						700						2,028

For the nine months ended September 30, 2023, Cenovus incurred a deferred tax recovery of $416 million of which $176 million related to a step-up in the tax basis on the Toledo Acquisition on February 28, 2023.

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The entire disclosure of income tax expense continuing operations.

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