Company Overview
Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
Why Investors Should Care
Generates a return on equity of 26.7%, reflecting efficient use of shareholder capital.
Trades at a P/E of 12.5, below the sector median of 15.8.
Maintains a net profit margin of 26.3%.
Offers a dividend yield of 3.52%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $44.17B (+6.4% YoY); net profit $10.82B.
- Trailing 12 Months Year-on-year growth — revenue +69.5%, earnings +83.8%.
- 5-Year Trend Long-term compounding — revenue CAGR -3.8%, profit CAGR -0.4%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | -3.75% |
| 1 Year: | 69.50% |
Compounded Profit Growth
| 5 Years: | -0.36% |
| 1 Year: | 83.80% |
Stock Price Performance
| 1 Year: | +73.38% |
| 6 Months: | +12.27% |
| 3 Months: | +11.13% |
| 1 Month: | +11.84% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)60.81 · Neutral
P/E of 12.54 is below the sector median of 15.76 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 26.7%.
- Excellent profit margin of 26.3%.
- Attractive dividend yield of 3.52%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -3.8% CAGR over 5 years.
- Earnings shrank at -0.4% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Energy).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | CNQ Canadian Natural Resources Limited | 50.90 | 12.54 | $104.93B | 3.52% | 9.82% | 26.68% | -3.75% | -0.36% |
| 2 | XOM ExxonMobil Holdings Corporation SPXR3K | 160.66 | 20.68 | $660.62B | 2.52% | 9.01% | 12.58% | 0.48% | -1.99% |
| 3 | CVX Chevron Corporation SPXR3K | 209.80 | 20.19 | $411.54B | 3.39% | - | 12.23% | -1.00% | -2.30% |
| 4 | TTE TotalEnergies SE | 90.10 | 11.28 | $199.03B | 4.63% | 10.04% | 14.48% | -11.53% | -13.84% |
| 5 | COP ConocoPhillips SPXR3K | 135.04 | 17.86 | $162.23B | 2.49% | 10.31% | 14.18% | -9.11% | -24.66% |
| 6 | MPC Marathon Petroleum Corporation SPXR3K | 397.77 | 13.80 | $116.12B | 0.95% | 12.90% | 42.10% | 6.91% | 14.73% |
| 7 | BP BP p.l.c. | 44.88 | 21.47 | $115.58B | 4.49% | 7.99% | 8.87% | -7.78% | - |
| 8 | ENB Enbridge Inc. | 50.48 | 26.99 | $110.25B | 5.55% | 5.84% | 9.22% | 6.94% | 35.62% |
| 9 | VLO Valero Energy Corporation SPXR3K | 369.75 | 15.43 | $106.46B | 1.16% | 9.83% | 27.64% | 6.23% | -4.61% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 11.06B | 12.71B | 9.68B | 11.07B | 10.71B | - |
| Cost of Revenue | 8.21B | 9.15B | 7.37B | 9.68B | 8.57B | - |
| Gross Profit | 2.86B | 3.56B | 2.31B | 1.39B | 2.14B | - |
| Operating Expenses | 269.00M | 269.00M | 249.00M | 310.00M | 347.00M | - |
| Operating Income | 2.59B | 3.29B | 2.06B | 1.08B | 1.79B | - |
| EBITDA | 3.63B | 5.22B | 4.81B | 3.79B | 9.63B | - |
| Interest Expense | 142.00M | 258.00M | 238.00M | 93.00M | 245.00M | - |
| Pretax Income | 1.59B | 3.10B | 2.81B | 487.00M | 6.85B | - |
| Tax Provision | 448.00M | 639.00M | 350.00M | -113.00M | 1.54B | - |
| Net Income | 1.14B | 2.46B | 2.46B | 600.00M | 5.30B | - |
| Diluted EPS | 0.54 | 1.17 | 1.17 | 0.29 | 2.54 | - |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | - | 49.53B | 40.84B | 41.51B | 44.17B |
| Cost of Revenue | - | 33.27B | 29.06B | 30.61B | 34.77B |
| Gross Profit | - | 16.26B | 11.77B | 10.90B | 9.40B |
| Operating Expenses | - | 1.50B | 1.31B | 1.17B | 1.18B |
| Operating Income | - | 14.76B | 10.46B | 9.73B | 8.23B |
| EBITDA | - | 21.73B | 17.27B | 15.41B | 21.89B |
| Interest Expense | - | 670.00M | 691.00M | 673.00M | 1.04B |
| Pretax Income | - | 13.70B | 10.16B | 8.06B | 13.24B |
| Tax Provision | - | 2.77B | 1.93B | 1.95B | 2.42B |
| Net Income | - | 10.94B | 8.23B | 6.11B | 10.82B |
| Diluted EPS | - | 4.76 | 3.73 | 2.85 | 5.16 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 76.14B | 75.95B | 85.36B | 91.83B |
| Current Assets | - | 7.06B | 7.17B | 7.41B | 7.66B |
| Cash & Equivalents | - | 920.00M | 877.00M | 131.00M | 673.00M |
| Inventory | - | 1.81B | 2.03B | 2.79B | 2.62B |
| Receivables | - | 3.56B | 3.19B | 4.13B | 4.00B |
| Total Liabilities | - | 37.97B | 36.12B | 45.89B | 47.46B |
| Current Liabilities | - | 8.65B | 7.43B | 9.63B | 8.06B |
| Long Term Debt | - | 11.04B | 9.82B | 16.42B | 16.18B |
| Total Debt | - | 11.45B | 10.80B | 18.82B | 16.62B |
| Total Equity | - | 38.17B | 39.83B | 39.47B | 44.37B |
| Shares Outstanding | - | 2.21B | 2.14B | 2.10B | 2.08B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 19.39B | 12.35B | 13.39B | 15.11B |
| Investing Cash Flow | - | -4.99B | -4.86B | -14.10B | -6.69B |
| Financing Cash Flow | - | -14.23B | -7.54B | -37.00M | -7.88B |
| Capital Expenditure | - | -5.14B | -4.91B | -5.38B | -6.79B |
| Free Cash Flow | - | 14.26B | 7.44B | 8.00B | 8.31B |
| Net Change in Cash | - | 176.00M | -43.00M | -746.00M | 542.00M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | 32.8% | 28.8% | 26.3% | 21.3% |
| Operating Margin % | - | 29.8% | 25.6% | 23.4% | 18.6% |
| Net Margin % | - | 22.1% | 20.2% | 14.7% | 24.5% |
| ROE % | - | 28.6% | 20.7% | 15.5% | 24.4% |
| ROCE % | - | 21.9% | 15.3% | 12.8% | 9.8% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Capital World Investors | 10.57% | 217.96M | $10.82B |
| 2 | Royal Bank of Canada | 6.67% | 137.61M | $6.83B |
| 3 | Capital Research Global Investors | 5.63% | 116.07M | $5.76B |
| 4 | Bank of Montreal /CAN/ | 3.14% | 64.79M | $3.22B |
| 5 | FMR, LLC | 3.11% | 64.24M | $3.19B |
| 6 | Vanguard Capital Management LLC | 2.85% | 58.78M | $2.92B |
| 7 | Goldman Sachs Group Inc | 2.46% | 50.81M | $2.52B |
| 8 | Canada Pension Plan Investment Board | 1.87% | 38.64M | $1.92B |
| 9 | TD Asset Management, Inc | 1.51% | 31.17M | $1.55B |
| 10 | Healthcare of Ontario Pension Plan Trust Fund | 1.49% | 30.79M | $1.53B |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for CNQ
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CNQ — Frequently Asked Questions
What is the current share price of Canadian Natural Resources Limited (CNQ)?
As of 2026-09-19 21:16 PDT, Canadian Natural Resources Limited (CNQ) trades at $50.90 on NYSE. Its 52-week range is $28.74 to $51.81.
What is the market capitalisation of CNQ?
Canadian Natural Resources Limited (CNQ) has a market capitalisation of $104.93B on NYSE.
What is the P/E ratio of CNQ?
CNQ trades at a trailing price-to-earnings (P/E) ratio of 12.54. The industry average P/E is 15.76. Its price-to-book (P/B) ratio is 3.14.
Does CNQ pay a dividend?
Canadian Natural Resources Limited (CNQ) currently offers a dividend yield of 3.52%.
What is the return on equity (ROE) of CNQ?
CNQ has a return on equity (ROE) of 26.68%. Its return on capital employed (ROCE) is 9.82%.
Is CNQ a good stock to buy?
This page provides a data-driven analysis of Canadian Natural Resources Limited (CNQ), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.