XML 222 R186.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Supplementary Cash Flow Information - Summary of Reconciliation of Liabilities to Cash Flows from Financing Activities (Details) - CAD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022
Disclosure of reconciliation of liabilities arising from financing activities [line items] |  |
Beginning balance, short-term borrowings | $ 115 |
Beginning balance, lease liabilities | 2,836 | $ 2,957
Changes From Financing Cash Flows: |  |
Repayment of Long-Term Debt | (1,346) | (4,149)
Principal Repayment of Leases | (288) | (302)
Payment for Purchase of Warrants | (711) | 0
Non-Cash Changes: |  |
Lease Additions | 57 | 25
Ending balance, short term borrowings | 179 | 115
Ending balance, lease liabilities | 2,658 | 2,836
Dividends Payable |  |
Disclosure of reconciliation of liabilities arising from financing activities [line items] |  |
Beginning balance, dividend payable | 9 | 0
Non-Cash Changes: |  |
Ending balance, dividend payable | 9 | 9
Dividends Payable | Common Shares |  |
Changes From Financing Cash Flows: |  |
Dividends paid | (990) | (682)
Variable Dividends Paid on Common Shares |  | (219)
Non-Cash Changes: |  |
Dividends declared | 990 | 682
Variable Dividends Declared on Common Shares |  | 219
Dividends Payable | Preference shares |  |
Changes From Financing Cash Flows: |  |
Dividends paid | (36) | (26)
Non-Cash Changes: |  |
Dividends declared | 36 | 35
Warrant Purchase Payable |  |
Disclosure of reconciliation of liabilities arising from financing activities [line items] |  |
Beginning balance, warrant payable | 0 | 0
Changes From Financing Cash Flows: |  |
Payment for Purchase of Warrants | (711) |
Finance and Transaction Costs | (2) |
Non-Cash Changes: |  |
Finance and Transaction Costs | 2 |
Warrants Purchased and Cancelled | 711 |
Ending balance, warrant payable | 0 | 0
Short-Term Borrowings |  |
Disclosure of reconciliation of liabilities arising from financing activities [line items] |  |
Beginning balance, short-term borrowings | 115 | 79
Changes From Financing Cash Flows: |  |
Net Issuance (Repayment) of Short-Term Borrowings | 58 | 34
Non-Cash Changes: |  |
Exchange Rate Movements and Other | 6 | 2
Ending balance, short term borrowings | 179 | 115
Long-Term Debt |  |
Disclosure of reconciliation of liabilities arising from financing activities [line items] |  |
Beginning balance, long term debt | 8,691 | 12,385
Changes From Financing Cash Flows: |  |
Repayment of Long-Term Debt | (1,346) | (4,149)
Non-Cash Changes: |  |
Net Premium (Discount) on Redemption of Long-Term Debt | (84) | (29)
Finance and Transaction Costs | (19) | (28)
Exchange Rate Movements and Other | (134) | 512
Ending balance, long term debt | 7,108 | 8,691
Lease Liabilities |  |
Disclosure of reconciliation of liabilities arising from financing activities [line items] |  |
Beginning balance, lease liabilities | 2,836 | 2,957
Changes From Financing Cash Flows: |  |
Principal Repayment of Leases | (288) | (302)
Non-Cash Changes: |  |
Lease Acquisitions | 33 |
Lease Additions | 57 | 25
Lease Divestitures | (11) |
Exchange Rate Movements and Other | 31 | 156
Ending balance, lease liabilities | $ 2,658 | $ 2,836

X
- Definition Finance And Transactions Costs + References No definition available. + Details
Name: | cve_FinanceAndTransactionsCosts
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Gain (loss) on repurchase of debt, liabilities arising from financing activities + References No definition available. + Details
Name: | cve_GainLossOnRepurchaseOfDebtLiabilitiesArisingFromFinancingActivities
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Increase decrease through dividends declared liabilities arising from financing activities. + References No definition available. + Details
Name: | cve_IncreaseDecreaseThroughDividendsDeclaredLiabilitiesArisingFromFinancingActivities
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Increase (Decrease) Through Dividends Declared Liabilities Arising From Financing Activities, Variable Dividends + References No definition available. + Details
Name: | cve_IncreaseDecreaseThroughDividendsDeclaredLiabilitiesArisingFromFinancingActivitiesVariableDividends
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Increase (Decrease) Through Financing Cash Flows, Liabilities Arising From Financing Activities, Variable Dividends + References No definition available. + Details
Name: | cve_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivitiesVariableDividends
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Lease addition. + References No definition available. + Details
Name: | cve_LeaseAddition
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Lease Divestitures + References No definition available. + Details
Name: | cve_LeaseDivestitures
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Net issuance (repayment) of short-term borrowings. + References No definition available. + Details
Name: | cve_NetIssuanceRepaymentOfShortTermBorrowings
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Non-cash changes + References No definition available. + Details
Name: | cve_NonCashChangesAbstract
Namespace Prefix: | cve_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number Of Common Shares Purchased And Cancelled, Amount + References No definition available. + Details
Name: | cve_NumberOfCommonSharesPurchasedAndCancelledAmount
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Payments For Purchase of Warrants + References No definition available. + Details
Name: | cve_PaymentsForPurchaseOfWarrants
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Warrant Payable + References No definition available. + Details
Name: | cve_WarrantPayable
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
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_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of dividends that the company has declared but not yet paid. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_55&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DividendPayables
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The increase (decrease) in liabilities arising from financing activities resulting from the effect of changes in foreign exchange rates. [Refer: Liabilities arising from financing activities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2023-01-01 -Paragraph 44B -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2023-en-r&anchor=para_44B_c&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in liabilities arising from financing activities resulting from financing cash flows. [Refer: Cash flows from (used in) financing activities; Liabilities arising from financing activities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2023-01-01 -Paragraph 44B -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2023-en-r&anchor=para_44B_a&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in liabilities arising from financing activities resulting from obtaining or losing control of subsidiaries or other businesses. [Refer: Liabilities arising from financing activities; Subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2023-01-01 -Paragraph 44B -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2023-en-r&anchor=para_44B_b&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in liabilities arising from financing activities resulting from changes that the entity does not separately disclose in the same statement or note. [Refer: Liabilities arising from financing activities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2023-01-01 -Paragraph 44B -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2023-en-r&anchor=para_44B_e&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of liabilities related to the entity's leases. Lease is a contract, or part of a contract, that conveys the right to use an underlying asset for a period of time in exchange for consideration. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2023-01-01 -Paragraph 47 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2023-en-r&anchor=para_47_b&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_LeaseLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The amount of liabilities for which cash flows were, or future cash flows will be, classified in the statement of cash flows as cash flows from financing activities. [Refer: Cash flows from (used in) financing activities; Liabilities] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2023-01-01 -Paragraph 44D -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2023-en-r&anchor=para_44D&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_LiabilitiesArisingFromFinancingActivities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The cash outflow for payment of lease liabilities, classified as financing activities. [Refer: Lease liabilities] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2023-01-01 -Paragraph 17 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2023-en-r&anchor=para_17_e&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash outflow for repayments of non-current borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2023-01-01 -Paragraph 17 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2023-en-r&anchor=para_17&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_RepaymentsOfNoncurrentBorrowings
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of current borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_55&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_ShorttermBorrowings
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | ifrs-full_TypesOfFinancialLiabilitiesAxis=cve_DividendsPayableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfFinancialLiabilitiesAxis=cve_WarrantPurchasePayableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfFinancialLiabilitiesAxis=ifrs-full_ShorttermBorrowingsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfFinancialLiabilitiesAxis=ifrs-full_LongtermBorrowingsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfFinancialLiabilitiesAxis=ifrs-full_LeaseLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |