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CNQ

Canadian Natural Resources Limited

Price Chart
Latest Quote

$43.89

+1.03 (+2.40%)
Current Price
Previous Close $42.86
Open $43.74
Day High $43.89
Day Low $43.11
Volume 7,270,955
Fetched: 2026-07-18T09:29:08
Stock Information
Note: Financial values converted from CAD to USD
Quarterly Dividend / Yield $1.76 / 4.01%
Shares Outstanding 2.09B
Quarterly Dividend Yield 4.01%
Quarterly Dividend $1.76
Total Debt $14.28B
Cash Equivalents $576.32M
Revenue $27.56B
Net Income $6.93B
Sector Energy
Industry Oil & Gas E&P
Market Cap $91.54B
P/E Ratio 11.80
EPS (TTM) $3.72
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$110.52B
Sales$27.56B
Income$6.93B
Book/sh$15.23
Cash/sh$0.39
Employees11K
Financial Ratios
Quick Ratio0.64
Current Ratio0.98
Debt/Eq44.85
EPS Growth TTM-45.20%
Returns & Margins
ROA5.04%
ROE22.83%
Gross Margin48.67%
Operating Margin21.78%
Profit Margin25.13%
Ownership
Insider Ownership2.17%
Institutional Ownership81.75%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E12.11
PEG3.42
P/S2.37
P/B2.88
Analyst Data
Recommendationbuy
Target Price$46.71
Technical Indicators
SMA20$41.01
SMA50$43.89
SMA200$39.10
RSI75.58
ATR0.9771
Shares Float2.03B
Short Ratio9.78
Volatility0.88
Rel Volume0.83
Performance History
Week+4.97%
Month+2.45%
Quarter-4.21%
6 Months+29.30%
YTD+30.43%
Year+44.86%
3 Years+70.35%
5 Years+213.57%
10 Years+332.07%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-07-17 $43.89 8,312,300
2026-07-16 $42.86 7,769,300
2026-07-15 $42.73 9,890,400
2026-07-14 $42.62 8,713,100
2026-07-13 $43.05 9,353,000
2026-07-10 $41.81 8,711,100
2026-07-09 $41.88 8,393,300
2026-07-08 $42.43 10,741,100
2026-07-07 $40.69 15,296,000
2026-07-06 $39.35 7,254,100
2026-07-02 $39.64 9,322,000
2026-07-01 $38.92 3,704,500
2026-06-30 $39.50 4,852,000
2026-06-29 $39.31 7,139,600
2026-06-26 $39.49 7,789,700
2026-06-25 $39.60 6,548,300
2026-06-24 $39.38 12,963,800
2026-06-23 $41.02 15,693,200
2026-06-22 $41.35 22,126,000
2026-06-18 $40.62 16,828,300
About Canadian Natural Resources Limited

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.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $24,472,414,579 $21,547,635,122 $20,457,266,078 $23,419,353,191
Cost Of Revenue $24,472,414,579 $21,547,635,122 $20,457,266,078 $23,419,353,191
Total Revenue $31,089,948,073 $29,218,933,922 $28,744,493,163 $34,865,060,521
Operating Revenue $31,089,948,073 $29,218,933,922 $28,744,493,163 $34,865,060,521
Expenses
Interest Expense $731,370,844 $473,736,841 $486,407,366 $471,625,087
Total Expenses $25,299,518,276 $22,371,923,147 $21,378,694,793 $24,475,230,251
Other Income Expense $4,117,216,616 $-757,415,811 $237,220,379 $-356,886,446
Net Non Operating Interest Income Expense $-587,067,645 $-416,719,480 $-447,691,873 $-386,451,004
Interest Expense Non Operating $731,370,844 $473,736,841 $486,407,366 $471,625,087
Operating Expense $827,103,697 $824,288,025 $921,428,714 $1,055,877,060
Other Operating Expenses $267,488,855 $273,824,118 $257,634,003 $197,800,969
General And Administrative Expense $559,614,842 $550,463,907 $663,794,712 $858,076,091
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $7,616,393,193 $4,298,123,552 $5,795,357,223 $7,698,751,603
Net Interest Income $-587,067,645 $-416,719,480 $-447,691,873 $-386,451,004
Interest Income $144,303,198 $57,017,361 $38,715,492 $85,174,083
Normalized Income $4,240,275,568 $4,871,988,913 $5,603,223,885 $7,984,260,761
Net Income From Continuing And Discontinued Operation $7,616,393,193 $4,298,123,552 $5,795,357,223 $7,698,751,603
Net Income Common Stockholders $7,616,393,193 $4,298,123,552 $5,795,357,223 $7,698,751,603
Net Income $7,616,393,193 $4,298,123,552 $5,795,357,223 $7,698,751,603
Net Income Including Noncontrolling Interests $7,616,393,193 $4,298,123,552 $5,795,357,223 $7,698,751,603
Net Income Continuous Operations $7,616,393,193 $4,298,123,552 $5,795,357,223 $7,698,751,603
Pretax Income $9,320,578,768 $5,672,875,484 $7,155,326,877 $9,646,492,820
Special Income Charges $3,568,160,545 $0 $0 $0
Interest Income Non Operating $144,303,198 $57,017,361 $38,715,492 $85,174,083
Operating Income $5,790,429,797 $6,847,010,775 $7,365,798,371 $10,389,830,270
Gross Profit $6,617,533,494 $7,671,298,800 $8,287,227,085 $11,445,707,330
Earnings From Equity Interest - - $0 $0
Per Share
Diluted EPS $3.63 $2.01 $2.63 $3.35
Basic EPS $3.64 $2.02 $2.65 $3.39
Other
Tax Effect Of Unusual Items $741,098,991 $-183,550,450 $45,087,041 $-71,377,289
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $11,289,437,526 $11,606,904,562 $11,918,740,253 $15,650,913,701
Total Unusual Items $4,117,216,616 $-757,415,811 $237,220,379 $-356,886,446
Total Unusual Items Excluding Goodwill $4,117,216,616 $-757,415,811 $237,220,379 $-356,886,446
Reconciled Depreciation $5,354,704,530 $4,702,876,425 $4,514,226,391 $5,175,909,348
EBITDA (Bullshit earnings) $15,406,654,141 $10,849,488,751 $12,155,960,633 $15,294,027,255
EBIT $10,051,949,611 $6,146,612,325 $7,641,734,242 $10,118,117,907
Diluted Average Shares $1,476,753,880 $1,506,686,586 $1,551,609,932 $1,617,859,882
Basic Average Shares $1,471,986,947 $1,496,391,785 $1,536,388,408 $1,597,837,637
Diluted NI Availto Com Stockholders $7,616,393,193 $4,298,123,552 $5,795,357,223 $7,698,751,603
Tax Provision $1,704,185,575 $1,374,751,932 $1,359,969,653 $1,947,741,217
Restructuring And Mergern Acquisition $-3,568,160,545 $0 $0 $0
Gain On Sale Of Security $549,056,071 $-757,415,811 $237,220,379 $-356,886,446
Selling General And Administration $559,614,842 $550,463,907 $663,794,712 $858,076,091
Other Gand A $432,909,595 $354,070,774 $318,170,954 $292,125,987
Salaries And Wages $126,705,247 $196,393,133 $345,623,758 $565,950,104
Impairment Of Capital Assets - - - -
Fetched: 2026-07-06
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $31,230,027,763 $27,782,237,203 $28,038,463,369 $26,872,071,177
Total Assets $64,640,793,613 $60,085,739,976 $53,466,094,728 $53,597,727,402
Total Non Current Assets $59,245,965,755 $54,873,226,890 $48,421,114,136 $48,630,177,793
Other Non Current Assets $611,704,777 $436,429,185 $380,819,660 $389,266,676
Current Assets $5,394,827,859 $5,212,513,086 $5,044,980,593 $4,967,549,608
Other Current Assets $261,153,593 $249,890,904 $381,523,578 $194,281,379
Inventory $1,844,969,183 $1,966,043,086 $1,431,769,293 $1,277,611,243
Receivables $2,814,968,242 $2,904,365,833 $2,244,794,630 $2,502,428,632
Accounts Receivable $2,814,968,242 $2,904,365,833 $2,244,794,630 $2,502,428,632
Cash Cash Equivalents And Short Term Investments $473,736,841 $92,213,263 $986,893,092 $993,228,354
Cash And Cash Equivalents $473,736,841 $92,213,263 $617,336,121 $647,604,597
Prepaid Assets - - - -
Taxes Receivable - - - -
Debt
Net Debt $11,223,269,230 $13,154,820,332 $6,984,274,793 $7,408,737,371
Total Debt $11,697,006,071 $13,247,033,595 $7,601,610,914 $8,056,341,968
Long Term Debt And Capital Lease Obligation $11,386,578,215 $11,557,630,299 $6,911,771,235 $7,771,959,080
Long Term Debt $11,386,578,215 $11,557,630,299 $6,911,771,235 $7,771,959,080
Current Debt And Capital Lease Obligation $310,427,856 $1,689,403,296 $689,839,679 $284,382,888
Current Debt $310,427,856 $1,689,403,296 $689,839,679 $284,382,888
Other Current Borrowings $310,427,856 $1,216,370,373 $689,839,679 $284,382,888
Liabilities
Total Liabilities Net Minority Interest $33,410,765,851 $32,303,502,774 $25,427,631,359 $26,725,656,225
Total Non Current Liabilities Net Minority Interest $27,735,074,694 $25,524,068,130 $20,194,000,732 $20,636,061,261
Other Non Current Liabilities $8,401,965,725 $6,547,845,608 $6,114,232,095 $5,744,675,124
Non Current Deferred Liabilities $7,946,530,754 $7,418,592,224 $7,167,997,401 $7,119,427,057
Non Current Deferred Taxes Liabilities $7,946,530,754 $7,418,592,224 $7,167,997,401 $7,119,427,057
Current Liabilities $5,675,691,157 $6,779,434,643 $5,233,630,627 $6,089,594,964
Other Current Liabilities $1,172,023,537 $1,080,514,191 $1,057,988,814 $966,479,469
Payables And Accrued Expenses $4,193,239,764 $4,009,517,156 $3,485,802,134 $4,838,732,607
Payables $1,198,068,504 $824,288,025 $998,155,781 $1,875,941,577
Total Tax Payable $420,239,070 $64,760,460 $0 $931,987,485
Income Tax Payable $420,239,070 $64,760,460 $0 $931,987,485
Accounts Payable $777,829,434 $759,527,565 $998,155,781 $943,954,092
Equity
Common Stock Equity $31,230,027,763 $27,782,237,203 $28,038,463,369 $26,872,071,177
Total Equity Gross Minority Interest $31,230,027,763 $27,782,237,203 $28,038,463,369 $26,872,071,177
Stockholders Equity $31,230,027,763 $27,782,237,203 $28,038,463,369 $26,872,071,177
Gains Losses Not Affecting Retained Earnings $154,158,051 $211,879,330 $121,073,903 $147,118,870
Other Equity Adjustments $154,158,051 $211,879,330 $121,073,903 $147,118,870
Retained Earnings $23,036,421,777 $19,782,208,678 $20,377,019,422 $19,478,820,003
Other
Ordinary Shares Number $1,465,260,306 $1,480,336,822 $1,509,774,675 $1,552,330,744
Share Issued $1,465,260,306 $1,480,336,822 $1,509,774,675 $1,552,330,744
Tangible Book Value $31,230,027,763 $27,782,237,203 $28,038,463,369 $26,872,071,177
Invested Capital $42,927,033,833 $41,029,270,797 $35,640,074,283 $34,928,413,145
Working Capital $-280,863,298 $-1,566,921,557 $-188,650,035 $-1,122,045,356
Total Capitalization $42,616,605,978 $39,339,867,501 $34,950,234,604 $34,644,030,257
Capital Stock $8,039,447,935 $7,788,149,195 $7,540,370,044 $7,246,132,304
Common Stock $8,039,447,935 $7,788,149,195 $7,540,370,044 $7,246,132,304
Commercial Paper $0 $473,032,923 $0 -
Current Accrued Expenses $2,995,171,260 $3,185,229,131 $2,487,646,353 $2,962,791,030
Net PPE $58,634,260,978 $54,436,797,705 $48,040,294,476 $48,240,911,117
Accumulated Depreciation $-64,485,227,726 $-62,473,429,968 $-57,962,019,250 $-54,587,436,166
Gross PPE $123,119,488,704 $116,910,227,673 $106,002,313,726 $102,828,347,283
Other Properties $2,112,458,038 $981,261,748 $1,026,312,502 $1,018,569,404
Buildings And Improvements $492,038,710 $427,278,250 $398,417,611 $377,300,069
Finished Goods $518,083,677 $694,063,187 $384,339,250 $430,093,922
Raw Materials $1,326,885,505 $1,271,979,898 $1,047,430,044 $847,517,320
Other Short Term Investments - $0 $369,556,971 $345,623,758
Machinery Furniture Equipment - - $591,291,154 $641,973,252
Capital Lease Obligations - - - $1,084,033,782
Long Term Capital Lease Obligation - - - $912,277,780
Current Capital Lease Obligation - - - $171,756,002
Fetched: 2026-07-06
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $5,853,078,503 $5,633,456,074 $5,239,965,890 $10,034,351,660
Operating Activities
Operating Cash Flow $10,633,385,912 $9,422,646,883 $8,695,499,548 $13,649,674,714
Cash Flow From Continuing Operating Activities $10,633,385,912 $9,422,646,883 $8,695,499,548 $13,649,674,714
Operating Gains Losses $-492,038,710 $691,247,515 $-198,504,887 $408,272,463
Investing Activities
Capital Expenditure $-4,780,307,410 $-3,789,190,809 $-3,455,533,658 $-3,615,323,053
Investing Cash Flow $-4,707,099,933 $-9,921,724,774 $-3,419,633,838 $-3,510,439,265
Cash Flow From Continuing Investing Activities $-4,707,099,933 $-9,921,724,774 $-3,419,633,838 $-3,510,439,265
Net Other Investing Changes $73,207,476 $-87,285,837 $35,899,820 $104,883,788
Capital Expenditure Reported $-4,780,307,410 $-3,789,190,809 $-3,455,533,658 $-3,615,323,053
Financing Activities
Repurchase Of Capital Stock $-1,019,977,240 $-1,872,421,986 $-2,335,600,057 $-3,921,527,401
Financing Cash Flow $-5,544,762,401 $-26,044,967 $-5,306,134,186 $-10,015,345,873
Cash Flow From Continuing Financing Activities $-5,544,762,401 $-26,044,967 $-5,306,134,186 $-10,015,345,873
Cash Dividends Paid $-3,428,784,773 $-3,117,652,999 $-2,738,945,094 $-3,467,500,265
Common Stock Dividend Paid $-3,428,784,773 $-3,117,652,999 $-2,738,945,094 $-3,467,500,265
Net Common Stock Issuance $-1,019,977,240 $-1,872,421,986 $-2,335,600,057 $-3,921,527,401
Net Other Financing Charges - - - $48,570,345
Other
Repayment Of Debt $-2,432,036,828 $-938,322,747 $-493,446,546 $-2,986,020,326
Issuance Of Debt $1,150,202,077 $5,705,255,714 $0 $0
Interest Paid Supplemental Data $688,431,843 $412,495,971 $423,758,660 $431,501,759
Income Tax Paid Supplemental Data $1,212,146,865 $805,282,238 $2,334,896,139 $2,151,877,448
End Cash Position $473,736,841 $92,213,263 $617,336,121 $647,604,597
Beginning Cash Position $92,213,263 $617,336,121 $647,604,597 $523,715,022
Changes In Cash $381,523,578 $-525,122,858 $-30,268,476 $123,889,575
Proceeds From Stock Option Exercised $185,834,363 $197,097,051 $261,857,511 $311,131,774
Common Stock Payments $-1,019,977,240 $-1,872,421,986 $-2,335,600,057 $-3,921,527,401
Net Issuance Payments Of Debt $-1,281,834,751 $4,766,932,967 $-493,446,546 $-2,986,020,326
Net Short Term Debt Issuance $-981,965,666 $3,847,616,007 $0 -
Net Long Term Debt Issuance $-1,281,834,751 $4,766,932,967 $-493,446,546 $-2,986,020,326
Long Term Debt Payments $-2,432,036,828 $-938,322,747 $-493,446,546 $-2,986,020,326
Long Term Debt Issuance $1,150,202,077 $5,705,255,714 $0 $0
Net Investment Purchase And Sale $0 $404,752,873 $0 $0
Sale Of Investment $0 $404,752,873 $0 $0
Net Business Purchase And Sale $0 $-6,450,001,001 $0 $0
Purchase Of Business $0 $-6,450,001,001 $0 $0
Net PPE Purchase And Sale $-80,950,575 $-64,760,460 $-30,972,394 -
Purchase Of PPE $-80,950,575 $-64,760,460 $-30,972,394 -
Change In Working Capital $473,032,923 $-523,011,104 $-1,701,369,903 $55,609,525
Other Non Cash Items $-2,804,409,471 $-240,036,052 $-97,140,690 $-156,973,723
Stock Based Compensation $126,705,247 $196,393,133 $345,623,758 $565,950,104
Deferred Tax $358,998,200 $297,053,413 $37,307,656 $-97,844,608
Deferred Income Tax $358,998,200 $297,053,413 $37,307,656 $-97,844,608
Depreciation Amortization Depletion $5,354,704,530 $4,702,876,425 $4,514,226,391 $5,175,909,348
Depletion $5,078,064,741 - - -
Depreciation And Amortization $276,639,790 - - -
Depreciation $276,639,790 - - -
Gain Loss On Investment Securities $49,978,181 $-28,860,640 $-15,486,197 $-147,822,788
Net Foreign Currency Exchange Gain Loss $-574,397,121 $720,108,155 $-183,018,690 $556,095,252
Gain Loss On Sale Of PPE $32,380,230 - - -
Net Income From Continuing Operations $7,616,393,193 $4,298,123,552 $5,795,357,223 $7,698,751,603
Fetched: 2026-07-06