XML 162 R126.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Property, Plant and Equipment, Net - Summary of Property, Plant and Equipment (Detail) - CAD ($) $ in Millions | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Feb. 28, 2023 | Aug. 31, 2022
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | $ 36,499 |  |  |
Ending Balance | 37,250 | $ 36,499 |  |
Property, Plant and Equipment, Net | 37,250 | 36,499 |  |
Offshore |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | 2,549 |  |  |
Ending Balance | 2,798 | 2,549 |  |
Property, Plant and Equipment, Net | 2,798 | 2,549 |  |
Write-downs (reversals of write-downs) of property, plant and equipment | 20 | 26 |  |
Canadian Refining |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | 2,466 |  |  |
Ending Balance | 2,469 | 2,466 |  |
Property, Plant and Equipment, Net | 2,469 | 2,466 |  |
Write-downs (reversals of write-downs) of property, plant and equipment | 12 | 25 |  |
U.S. Refining |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | 4,482 |  |  |
Ending Balance | 5,014 | 4,482 |  |
Property, Plant and Equipment, Net | 5,014 | 4,482 |  |
Write-downs (reversals of write-downs) of property, plant and equipment | 38 |  |  |
Sunrise Oil Sands Partnership |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Property, Plant and Equipment, Net |  |  |  | $ 454
BP-Husky Refining LLC |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Property, Plant and Equipment, Net |  |  | $ 334 |
COST |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | 57,739 | 50,901 |  |
Acquisition | 781 | 3,230 |  |
Additions | 4,214 | 3,671 |  |
Transfer from E&E (Note 18) | 60 |  |  |
Change in Decommissioning Liabilities | 581 | (253) |  |
Divestitures | (667) | (557) |  |
Exchange Rate Movements and Other | (333) | 747 |  |
Ending Balance | 62,375 | 57,739 |  |
Property, Plant and Equipment, Net | 62,375 | 57,739 |  |
ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | (21,240) | (16,676) |  |
Divestitures | 319 | 84 |  |
Exchange Rate Movements and Other | (147) | 315 |  |
Depreciation, Depletion and Amortization (4) | 4,351 | 4,067 |  |
Impairment Charges (Note 11) |  | 1,499 |  |
Impairment Reversals (Note 11) |  | (1,233) |  |
Ending Balance | (25,125) | (21,240) |  |
Property, Plant and Equipment, Net | (25,125) | (21,240) |  |
Crude Oil and Natural Gas Properties |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | 29,226 |  |  |
Ending Balance | 29,450 | 29,226 |  |
Property, Plant and Equipment, Net | 29,450 | 29,226 |  |
Crude Oil and Natural Gas Properties | COST |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | 43,528 | 38,443 |  |
Acquisition | 11 | 3,230 |  |
Additions | 3,392 | 2,409 |  |
Transfer from E&E (Note 18) | 60 |  |  |
Change in Decommissioning Liabilities | 542 | (186) |  |
Divestitures | (17) | (557) |  |
Exchange Rate Movements and Other | (91) | 189 |  |
Ending Balance | 47,425 | 43,528 |  |
Property, Plant and Equipment, Net | 47,425 | 43,528 |  |
Crude Oil and Natural Gas Properties | ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | (14,302) | (10,912) |  |
Divestitures | 8 | 84 |  |
Exchange Rate Movements and Other | (11) | 13 |  |
Depreciation, Depletion and Amortization (4) | 3,692 | 3,461 |  |
Impairment Charges (Note 11) |  | 0 |  |
Impairment Reversals (Note 11) |  | 0 |  |
Ending Balance | (17,975) | (14,302) |  |
Property, Plant and Equipment, Net | (17,975) | (14,302) |  |
Processing, Transportation and Storage Assets |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | 148 |  |  |
Ending Balance | 143 | 148 |  |
Property, Plant and Equipment, Net | 143 | 148 |  |
Processing, Transportation and Storage Assets | COST |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | 254 | 228 |  |
Acquisition | 0 | 0 |  |
Additions | 14 | 11 |  |
Transfer from E&E (Note 18) | 0 |  |  |
Change in Decommissioning Liabilities | 0 | (6) |  |
Divestitures | 0 | 0 |  |
Exchange Rate Movements and Other | 4 | 21 |  |
Ending Balance | 272 | 254 |  |
Property, Plant and Equipment, Net | 272 | 254 |  |
Processing, Transportation and Storage Assets | ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | (106) | (53) |  |
Divestitures | 0 | 0 |  |
Exchange Rate Movements and Other | 4 | 16 |  |
Depreciation, Depletion and Amortization (4) | 19 | 37 |  |
Impairment Charges (Note 11) |  | 0 |  |
Impairment Reversals (Note 11) |  | 0 |  |
Ending Balance | (129) | (106) |  |
Property, Plant and Equipment, Net | (129) | (106) |  |
Refining Assets |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | 6,585 |  |  |
Ending Balance | 7,103 | 6,585 |  |
Property, Plant and Equipment, Net | 7,103 | 6,585 |  |
Refining Assets | COST |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | 12,132 | 10,495 |  |
Acquisition | 770 | 0 |  |
Additions | 719 | 1,143 |  |
Transfer from E&E (Note 18) | 0 |  |  |
Change in Decommissioning Liabilities | 21 | (29) |  |
Divestitures | (633) | 0 |  |
Exchange Rate Movements and Other | (239) | 523 |  |
Ending Balance | 12,770 | 12,132 |  |
Property, Plant and Equipment, Net | 12,770 | 12,132 |  |
Refining Assets | ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | (5,547) | (4,572) |  |
Divestitures | 299 | 0 |  |
Exchange Rate Movements and Other | (135) | 243 |  |
Depreciation, Depletion and Amortization (4) | 554 | 466 |  |
Impairment Charges (Note 11) |  | 1,499 |  |
Impairment Reversals (Note 11) |  | (1,233) |  |
Ending Balance | (5,667) | (5,547) |  |
Property, Plant and Equipment, Net | (5,667) | (5,547) |  |
Retail and other |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | 540 |  |  |
Ending Balance | 554 | 540 |  |
Property, Plant and Equipment, Net | 554 | 540 |  |
Retail and other | COST |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | 1,825 | 1,735 |  |
Acquisition | 0 | 0 |  |
Additions | 89 | 108 |  |
Transfer from E&E (Note 18) | 0 |  |  |
Change in Decommissioning Liabilities | 18 | (32) |  |
Divestitures | (17) | 0 |  |
Exchange Rate Movements and Other | (7) | 14 |  |
Ending Balance | 1,908 | 1,825 |  |
Property, Plant and Equipment, Net | 1,908 | 1,825 |  |
Retail and other | ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |
Beginning Balance | (1,285) | (1,139) |  |
Divestitures | 12 | 0 |  |
Exchange Rate Movements and Other | (5) | 43 |  |
Depreciation, Depletion and Amortization (4) | 86 | 103 |  |
Impairment Charges (Note 11) |  | 0 |  |
Impairment Reversals (Note 11) |  | 0 |  |
Ending Balance | (1,354) | (1,285) |  |
Property, Plant and Equipment, Net | $ (1,354) | $ (1,285) |  |

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 2023-01-01 -Paragraph 73 -Subparagraph e -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&anchor=para_73_e_iii&doctype=Standard -URIDate 2023-03-23 + 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 2023-01-01 -Paragraph 73 -Subparagraph e -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&anchor=para_73_e_i&doctype=Standard -URIDate 2023-03-23 + 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 2023-01-01 -Paragraph 73 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&anchor=para_73_e&doctype=Standard -URIDate 2023-03-23 + 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 2023-01-01 -Paragraph 73 -Subparagraph e -Clause vii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&anchor=para_73_e_vii&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2023-01-01 -Paragraph 75 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&anchor=para_75_a&doctype=Standard -URIDate 2023-03-23 + 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 2023-01-01 -Paragraph 73 -Subparagraph e -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&anchor=para_73_e_ii&doctype=Standard -URIDate 2023-03-23 + 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 2023-01-01 -Paragraph 73 -Subparagraph e -Clause v -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&anchor=para_73_e_v&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 98 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_98_a&doctype=Standard -URIDate 2023-03-23 + 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 2023-01-01 -Paragraph 99 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_99&doctype=Standard -URIDate 2023-03-23 + 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 2023-01-01 -Paragraph 73 -Subparagraph e -Clause ix -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&anchor=para_73_e_ix&doctype=Standard -URIDate 2023-03-23 + 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. Note that right-of-use assets are not included. [Contrast: Property, plant and equipment including right-of-use assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2023-01-01 -Paragraph 73 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&anchor=para_73_e&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 54 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_54_a&doctype=Standard -URIDate 2023-03-23 + 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 2023-01-01 -Paragraph 98 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_98_a&doctype=Standard -URIDate 2023-03-23 + 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_CanadianRefiningMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_SegmentsAxis=cve_USRefiningMember
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_CounterpartiesAxis=cve_BPHuskyRefiningLLCMember
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=ifrs-full_OilAndGasAssetsMember
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_RefiningAssetsMember
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: |