XML 165 R129.htm IDEA: XBRL DOCUMENT
v3.22.4

Property, Plant and Equipment, Net - Summary of Property, Plant and Equipment (Detail) - CAD ($) $ in Millions | 12 Months Ended |
--- | --- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Aug. 31, 2022
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | $ 34,225 | $ 25,411 |
Ending Balance | 36,499 | 34,225 |
Property, Plant and Equipment, Net | 36,499 | 34,225 |
Offshore |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | 2,822 |  |
Ending Balance | 2,549 | 2,822 |
Property, Plant and Equipment, Net | 2,549 | 2,822 |
Write-downs (reversals of write-downs) of property, plant and equipment | 26 |  |
Canadian Manufacturing |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | 2,558 |  |
Ending Balance | 2,466 | 2,558 |
Property, Plant and Equipment, Net | 2,466 | 2,558 |
Write-downs (reversals of write-downs) of property, plant and equipment | 25 |  |
Sunrise Oil Sands Partnership |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Property, Plant and Equipment, Net |  |  | $ 454
COST |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | 50,901 | 37,046 |
Acquisitions (Note 5) | 3,230 | 13,380 |
Additions | 3,671 | 2,515 |
Change in Decommissioning Liabilities | (253) | 2 |
Divestitures (Note 5) (2) | (557) | (630) |
Transfers to Assets Held for Sale (Note 18) |  | (1,276) |
Exchange Rate Movements and Other | 747 | (136) |
Ending Balance | 57,739 | 50,901 |
Property, Plant and Equipment, Net | 57,739 | 50,901 |
ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | (16,676) | (11,635) |
Divestitures (Note 5) (2) | 84 | 377 |
Transfers to Assets Held for Sale (Note 18) |  | (114) |
Exchange Rate Movements and Other | 315 | (20) |
Depreciation, Depletion and Amortization (3) | 4,067 | 3,999 |
Impairment Charges (Note 11) | 1,499 | 1,931 |
Impairment Reversals (Note 11) | (1,233) | (378) |
Ending Balance | (21,240) | (16,676) |
Property, Plant and Equipment, Net | (21,240) | (16,676) |
Oil and Gas Properties |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | 27,531 | 21,506 |
Ending Balance | 29,226 | 27,531 |
Property, Plant and Equipment, Net | 29,226 | 27,531 |
Oil and Gas Properties | COST |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | 38,443 | 29,867 |
Acquisitions (Note 5) | 3,230 | 8,633 |
Additions | 2,409 | 1,368 |
Change in Decommissioning Liabilities | (186) | (63) |
Divestitures (Note 5) (2) | (557) | (630) |
Transfers to Assets Held for Sale (Note 18) |  | (754) |
Exchange Rate Movements and Other | 189 | 22 |
Ending Balance | 43,528 | 38,443 |
Property, Plant and Equipment, Net | 43,528 | 38,443 |
Oil and Gas Properties | ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | (10,912) | (8,361) |
Divestitures (Note 5) (2) | 84 | 377 |
Transfers to Assets Held for Sale (Note 18) |  | (90) |
Exchange Rate Movements and Other | 13 | 61 |
Depreciation, Depletion and Amortization (3) | 3,461 | 3,335 |
Impairment Charges (Note 11) | 0 | 0 |
Impairment Reversals (Note 11) | 0 | (378) |
Ending Balance | (14,302) | (10,912) |
Property, Plant and Equipment, Net | (14,302) | (10,912) |
Processing, Transportation and Storage Assets |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | 175 | 176 |
Ending Balance | 148 | 175 |
Property, Plant and Equipment, Net | 148 | 175 |
Processing, Transportation and Storage Assets | COST |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | 228 | 218 |
Acquisitions (Note 5) | 0 | 0 |
Additions | 11 | 9 |
Change in Decommissioning Liabilities | (6) | 1 |
Divestitures (Note 5) (2) | 0 | 0 |
Transfers to Assets Held for Sale (Note 18) |  | 0 |
Exchange Rate Movements and Other | 21 | 0 |
Ending Balance | 254 | 228 |
Property, Plant and Equipment, Net | 254 | 228 |
Processing, Transportation and Storage Assets | ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | (53) | (42) |
Divestitures (Note 5) (2) | 0 | 0 |
Transfers to Assets Held for Sale (Note 18) |  | 0 |
Exchange Rate Movements and Other | 16 | 1 |
Depreciation, Depletion and Amortization (3) | 37 | 10 |
Impairment Charges (Note 11) | 0 | 0 |
Impairment Reversals (Note 11) | 0 | 0 |
Ending Balance | (106) | (53) |
Property, Plant and Equipment, Net | (106) | (53) |
Manufacturing Assets |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | 5,923 | 3,476 |
Ending Balance | 6,585 | 5,923 |
Property, Plant and Equipment, Net | 6,585 | 5,923 |
Manufacturing Assets | COST |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | 10,495 | 5,671 |
Acquisitions (Note 5) | 0 | 3,901 |
Additions | 1,143 | 1,023 |
Change in Decommissioning Liabilities | (29) | 40 |
Divestitures (Note 5) (2) | 0 | 0 |
Transfers to Assets Held for Sale (Note 18) |  | 0 |
Exchange Rate Movements and Other | 523 | (140) |
Ending Balance | 12,132 | 10,495 |
Property, Plant and Equipment, Net | 12,132 | 10,495 |
Manufacturing Assets | ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | (4,572) | (2,195) |
Divestitures (Note 5) (2) | 0 | 0 |
Transfers to Assets Held for Sale (Note 18) |  | 0 |
Exchange Rate Movements and Other | 243 | (80) |
Depreciation, Depletion and Amortization (3) | 466 | 526 |
Impairment Charges (Note 11) | 1,499 | 1,931 |
Impairment Reversals (Note 11) | (1,233) | 0 |
Ending Balance | (5,547) | (4,572) |
Property, Plant and Equipment, Net | (5,547) | (4,572) |
Retail and other |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | 596 | 253 |
Ending Balance | 540 | 596 |
Property, Plant and Equipment, Net | 540 | 596 |
Retail and other | COST |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | 1,735 | 1,290 |
Acquisitions (Note 5) | 0 | 846 |
Additions | 108 | 115 |
Change in Decommissioning Liabilities | (32) | 24 |
Divestitures (Note 5) (2) | 0 | 0 |
Transfers to Assets Held for Sale (Note 18) |  | (522) |
Exchange Rate Movements and Other | 14 | (18) |
Ending Balance | 1,825 | 1,735 |
Property, Plant and Equipment, Net | 1,825 | 1,735 |
Retail and other | ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |
Beginning Balance | (1,139) | (1,037) |
Divestitures (Note 5) (2) | 0 | 0 |
Transfers to Assets Held for Sale (Note 18) |  | (24) |
Exchange Rate Movements and Other | 43 | (2) |
Depreciation, Depletion and Amortization (3) | 103 | 128 |
Impairment Charges (Note 11) | 0 | 0 |
Impairment Reversals (Note 11) | 0 | 0 |
Ending Balance | (1,285) | (1,139) |
Property, Plant and Equipment, Net | $ (1,285) | $ (1,139) |

X
- Definition Increase decrease through decommissioning liabilities property plant and equipment. + References No definition available. + Details
Name: | cve_IncreaseDecreaseThroughDecommissioningLiabilitiesPropertyPlantAndEquipment
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The increase in property, plant and equipment resulting from acquisitions through business combinations. [Refer: Business combinations [member]; Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Paragraph 73 -Subparagraph e -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&anchor=para_73_e_iii&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of additions to property, plant and equipment other than those acquired through business combinations. [Refer: Business combinations [member]; Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Paragraph 73 -Subparagraph e -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&anchor=para_73_e_i&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The increase (decrease) in property, plant and equipment. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Paragraph 73 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&anchor=para_73_e&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_ChangesInPropertyPlantAndEquipment
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of depreciation of property, plant and equipment. [Refer: Depreciation and amortisation expense; Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Paragraph 73 -Subparagraph e -Clause vii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&anchor=para_73_e_vii&doctype=Standard -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Paragraph 75 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&anchor=para_75_a&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DepreciationPropertyPlantAndEquipment
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The decrease in property, plant and equipment resulting from disposals. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Paragraph 73 -Subparagraph e -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&anchor=para_73_e_ii&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisposalsPropertyPlantAndEquipment
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of impairment loss recognised in profit or loss for property, plant and equipment. [Refer: Impairment loss recognised in profit or loss; Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Paragraph 73 -Subparagraph e -Clause v -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&anchor=para_73_e_v&doctype=Standard -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 98 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_98_a&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of impairment loss or reversal of impairment loss recognised in profit or loss. [Refer: Impairment loss recognised in profit or loss; Reversal of impairment loss recognised in profit or loss] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 99 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_99&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The increase (decrease) in property, plant and equipment resulting from changes that the entity does not separately disclose in the same statement or note. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Paragraph 73 -Subparagraph e -Clause ix -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&anchor=para_73_e_ix&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Paragraph 73 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&anchor=para_73_e&doctype=Standard -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 54 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_54_a&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_PropertyPlantAndEquipment
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount recognised resulting from the write-down of property, plant and equipment to its recoverable amount or reversals of those write-downs. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 98 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_98_a&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_WritedownsReversalsOfPropertyPlantAndEquipment
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_SegmentsAxis=cve_OffshoreMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_SegmentsAxis=cve_CanadianManufacturingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CounterpartiesAxis=cve_SunriseOilSandsPartnershipMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=cve_OilAndGasPropertiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=cve_ProcessingTransportationAndStorageAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=cve_ManufacturingAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=cve_RetailAndOtherPropertyPlantAndEquipmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |