XML 208 R171.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Supplementary Cash Flow Information - Summary of Reconciliation of Liabilities to Cash Flows from Financing Activities (Details) - CAD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023
Disclosure of reconciliation of liabilities arising from financing activities [line items] |  |
Beginning balance, short-term borrowings | $ 179 |
Beginning balance, lease liabilities | 2,658 | $ 2,836
Disclosure of reconciliation of liabilities arising from financing activities [abstract] |  |
Repayment of Long-Term Debt | 0 | (1,346)
Principal Repayment of Leases | (299) | (288)
Variable Dividends Declared on Common Shares | 251 | 0
Payment for Purchase of Warrants | 0 | (711)
Non-Cash Changes: |  |
Lease Additions | 363 | 57
Warrants Purchased and Cancelled | 87 |
Ending balance, short term borrowings | 173 | 179
Ending balance, lease liabilities | 2,927 | 2,658
Common Shares |  |
Disclosure of reconciliation of liabilities arising from financing activities [abstract] |  |
Variable Dividends Declared on Common Shares | 251 |
Preferred Shares |  |
Non-Cash Changes: |  |
Warrants Purchased and Cancelled | 163 | 0
Dividends Payable |  |
Disclosure of reconciliation of liabilities arising from financing activities [line items] |  |
Beginning balance, dividend payable | 9 | 9
Disclosure of reconciliation of liabilities arising from financing activities [abstract] |  |
Dividends Paid | (1,551) | (1,026)
Non-Cash Changes: |  |
Ending balance, dividend payable | 0 | 9
Dividends Payable | Common Shares |  |
Non-Cash Changes: |  |
Dividends declared | 1,255 | 990
Variable Dividends Declared on Common Shares | 251 |
Dividends Payable | Preferred Shares |  |
Non-Cash Changes: |  |
Dividends declared | 36 | 36
Warrants |  |
Disclosure of reconciliation of liabilities arising from financing activities [line items] |  |
Beginning balance, warrant payable | 0 | 0
Disclosure of reconciliation of liabilities arising from financing activities [abstract] |  |
Payment for Purchase of Warrants |  | (711)
Finance and Transaction Costs |  | (2)
Non-Cash Changes: |  |
Finance and Transaction Costs | 0 | 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 | 179 | 115
Disclosure of reconciliation of liabilities arising from financing activities [abstract] |  |
Net Issuance (Repayment) of Short-Term Borrowings | 5 | 58
Non-Cash Changes: |  |
Exchange Rate Movements and Other | (11) | 6
Ending balance, short term borrowings | 173 | 179
Long-Term Debt |  |
Disclosure of reconciliation of liabilities arising from financing activities [line items] |  |
Beginning balance, long term debt | 7,108 | 8,691
Disclosure of reconciliation of liabilities arising from financing activities [abstract] |  |
Repayment of Long-Term Debt |  | (1,346)
Non-Cash Changes: |  |
Net Premium (Discount) on Redemption of Long-Term Debt |  | (84)
Finance and Transaction Costs | (16) | (19)
Exchange Rate Movements and Other | 442 | (134)
Ending balance, long term debt | 7,534 | 7,108
Lease Liabilities |  |
Disclosure of reconciliation of liabilities arising from financing activities [line items] |  |
Beginning balance, lease liabilities | 2,658 | 2,836
Disclosure of reconciliation of liabilities arising from financing activities [abstract] |  |
Principal Repayment of Leases | (299) | (288)
Non-Cash Changes: |  |
Lease Acquisitions |  | 33
Lease Additions | 363 | 57
Exchange Rate Movements and Other | 205 | 20
Ending balance, lease liabilities | $ 2,927 | $ 2,658

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 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 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 Variable Dividends Paid On Common Shares + References No definition available. + Details
Name: | cve_VariableDividendsPaidOnCommonShares
Namespace Prefix: | cve_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
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 2024-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_55&doctype=Standard -URIDate 2024-03-27 + 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 2024-01-01 -Paragraph 44B -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2024-en-r&anchor=para_44B_c&doctype=Standard -URIDate 2024-03-27 + 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 2024-01-01 -Paragraph 44B -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2024-en-r&anchor=para_44B_a&doctype=Standard -URIDate 2024-03-27 + 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; Total for all subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2024-01-01 -Paragraph 44B -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2024-en-r&anchor=para_44B_b&doctype=Standard -URIDate 2024-03-27 + 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 2024-01-01 -Paragraph 44B -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2024-en-r&anchor=para_44B_e&doctype=Standard -URIDate 2024-03-27 + 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 2024-01-01 -Paragraph 47 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2024-en-r&anchor=para_47_b&doctype=Standard -URIDate 2024-03-27 + 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 2024-01-01 -Paragraph 44D -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2024-en-r&anchor=para_44D&doctype=Standard -URIDate 2024-03-27 + 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 2024-01-01 -Paragraph 17 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2024-en-r&anchor=para_17_e&doctype=Standard -URIDate 2024-03-27 + 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 2024-01-01 -Paragraph 17 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2024-en-r&anchor=para_17&doctype=Standard -URIDate 2024-03-27 + 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 2024-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_55&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_ShorttermBorrowings
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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_DividendsPayableMember
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: |