XML 217 R181.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Risk Management - Impact of Fluctuating Commodity Prices and Interest Rates on Company's Open Risk Management Positions (Detail) $ in Millions | Dec. 31, 2023 CAD ($) $ / barrel $ / $ MMcf MWh | Dec. 31, 2022 CAD ($) $ / barrel $ / $ MMcf MWh
--- | --- | ---
WCS Hardisty Differential Price |  |
Disclosure of Nature and Extent of Risks Arising from Financial Instruments [Line Items] |  |
Sensitivity Range | $ / barrel |  | 5.00
Natural Gas Commodity Price |  |
Disclosure of Nature and Extent of Risks Arising from Financial Instruments [Line Items] |  |
Sensitivity Range | MMcf | 1.00 | 1
Commodity price risk |  |
Disclosure of Nature and Extent of Risks Arising from Financial Instruments [Line Items] |  |
Increase | $ 0 | $ 0
Commodity price risk | Crude Oil Contracts |  |
Disclosure of Nature and Extent of Risks Arising from Financial Instruments [Line Items] |  |
Sensitivity Range | $ / barrel | 10.00 | 10.00
Commodity price risk | WCS and Condensate Differential Price |  |
Disclosure of Nature and Extent of Risks Arising from Financial Instruments [Line Items] |  |
Sensitivity Range | $ / barrel | 2.50 | 2.50
Increase |  | $ 13
Decrease |  | $ (13)
Commodity price risk | WCS Hardisty Differential Price |  |
Disclosure of Nature and Extent of Risks Arising from Financial Instruments [Line Items] |  |
Sensitivity Range | $ / barrel | 5.00 |
Commodity price risk | Refined Products |  |
Disclosure of Nature and Extent of Risks Arising from Financial Instruments [Line Items] |  |
Sensitivity Range | $ / barrel | 10.00 | 10.00
Commodity price risk | Natural Gas Basis Price |  |
Disclosure of Nature and Extent of Risks Arising from Financial Instruments [Line Items] |  |
Sensitivity Range | MMcf | 0.50 | 0.50
Commodity price risk | Power Commodity Price |  |
Disclosure of Nature and Extent of Risks Arising from Financial Instruments [Line Items] |  |
Sensitivity Range | MWh | 20.00 | 20.00
Increase | $ 92 | $ 113
Decrease | (92) | (113)
Currency risk |  |
Disclosure of Nature and Extent of Risks Arising from Financial Instruments [Line Items] |  |
Increase | $ 0 | $ 0
Currency risk | U.S. to Canadian Dollar Exchange Rate |  |
Disclosure of Nature and Extent of Risks Arising from Financial Instruments [Line Items] |  |
Sensitivity Range | $ / $ | 0.05 | 0.05
Increase |  | $ 14
Decrease |  | $ (17)

X
- Definition Change in price estimation under sensitivity analysis. + References No definition available. + Details
Name: | cve_ChangeInPriceEstimationUnderSensitivityAnalysis
Namespace Prefix: | cve_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Theoretical impact to profit loss from decrease in commodity sensitivity. + References No definition available. + Details
Name: | cve_TheoreticalImpactToProfitLossFromDecreaseInCommoditySensitivity
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Theoretical impact to profit loss from increase in commodity sensitivity. + References No definition available. + Details
Name: | cve_TheoreticalImpactToProfitLossFromIncreaseInCommoditySensitivity
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=cve_WCSHardistyDifferentialPriceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=cve_NaturalGasCommodityPriceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_CommodityPriceRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=cve_CrudeOilContractsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=cve_WCSAndCondensateDifferentialMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=cve_RefinedProductsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=cve_NaturalGasBasisPriceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=cve_PowerCommodityPriceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=cve_USToCanadianDollarExchangeRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |