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NYSE · Energy

CANADIAN NATURAL RESOURCES Ltd (CNQ)

CANADIAN NATURAL RESOURCES Ltd reported revenue of CA$38.8B in fiscal 2025, up 8.7% from a year earlier. Net income was CA$10.8B, a net margin of 27.9%. At December 31, 2025 it held CA$673M in cash against CA$16.6B of debt. Its latest periodic report to the SEC is the annual report (Canadian issuer) (40-F) filed on March 26, 2026.

Price
$47.41
-1.09% on the day · September 25, 2026
52-week range $29.68 to $52.31
Market cap
$98.1B
Revenue (FY2025)
CA$38.8B
+8.7% year on year
Net margin
27.9%

What CANADIAN NATURAL RESOURCES Ltd does

Canadian Natural Resources is an energy producer that explores for, develops, and produces crude oil, natural gas liquids, and synthetic crude oil. Its main operations are located in Western Canada, including oil sands mining, thermal recovery operations, and conventional oil and gas fields. It sells its production to refiners and pipeline operators. Its shares trade on NYSE under the ticker CNQ.

Revenue and profit by year

Revenue
FY18: CA$21B CA$21B FY18FY19: CA$22.9B CA$22.9B FY19FY20: CA$16.9B CA$16.9B FY20FY21: CA$30.1B CA$30.1B FY21FY22: CA$42.3B CA$42.3B FY22FY23: CA$36B CA$36B FY23FY24: CA$35.7B CA$35.7B FY24FY25: CA$38.8B CA$38.8B FY25
Net income
FY18: CA$2.6B CA$2.6B FY18FY19: CA$5.4B CA$5.4B FY19FY20: -CA$435M -CA$435M FY20FY21: CA$7.7B CA$7.7B FY21FY22: CA$10.9B CA$10.9B FY22FY23: CA$8.2B CA$8.2B FY23FY24: CA$6.1B CA$6.1B FY24FY25: CA$10.8B CA$10.8B FY25

Fiscal years as reported in annual reports. Amounts in CAD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025CA$38.8Bn/aCA$10.8BCA$5.16n/a
2024CA$35.7Bn/aCA$6.1BCA$2.85n/a
2023CA$36Bn/aCA$8.2BCA$3.74n/a
2022CA$42.3Bn/aCA$10.9BCA$4.76n/a
2021CA$30.1Bn/aCA$7.7BCA$3.23n/a
2020CA$16.9Bn/a-CA$435M-CA$0.19n/a

Where CNQ ranks in Energy

Revenue growth+8.7%
#48 of 135 in Energy · Top 35%
Net margin27.9%
#11 of 135 in Energy · Top 7%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Energy

Dividends

It paid out CA$4.9B in cash dividends, 45% of its net income.

Fiscal yearPer sharePaid outOf profit
2025n/aCA$4.9B45%
2024n/aCA$4.4B73%
2023n/aCA$3.9B47%
2022n/aCA$4.9B45%
2021n/aCA$2.2B28%
2020n/aCA$2Bn/a

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What CANADIAN NATURAL RESOURCES Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 12, 2026
    Passive stake changed SCHEDULE 13G/A
  2. August 6, 2026
    Foreign issuer update 6-K
  3. August 6, 2026
    Foreign issuer update 6-K
  4. July 27, 2026
    Passive stake (5% or more) SCHEDULE 13G
  5. June 23, 2026
    Conflict minerals disclosure SD
  6. May 12, 2026
    Foreign issuer update 6-K
  7. May 11, 2026
    Foreign issuer update 6-K
  8. May 7, 2026
    Foreign issuer update 6-K
  9. May 7, 2026
    Foreign issuer update 6-K
  10. March 26, 2026
    Foreign issuer update 6-K

Recent insider filings (Forms 3, 4 and 144): 1, the latest on March 27, 2026. Insider transactions on SEC

Insider trades

What the people running CANADIAN NATURAL RESOURCES Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days

All insider filings on SEC.gov · Where insiders are buying across the market

All filings on SEC EDGAR

Questions about CNQ

What does CANADIAN NATURAL RESOURCES Ltd do?

Canadian Natural Resources is an energy producer that explores for, develops, and produces crude oil, natural gas liquids, and synthetic crude oil. Its main operations are located in Western Canada, including oil sands mining, thermal recovery operations, and conventional oil and gas fields. It sells its production to refiners and pipeline operators. Its shares trade on NYSE under the ticker CNQ.

Is CANADIAN NATURAL RESOURCES Ltd profitable?

Yes. In fiscal 2025 it reported net income of CA$10.8B on revenue of CA$38.8B, a net margin of 27.9%.

How much revenue does CANADIAN NATURAL RESOURCES Ltd make?

In fiscal 2025 CANADIAN NATURAL RESOURCES Ltd reported revenue of CA$38.8B. That is 8.7% more than a year earlier.

When did CANADIAN NATURAL RESOURCES Ltd last report?

Its most recent periodic report is the annual report (Canadian issuer) (40-F) filed on March 26, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the passive stake changed from August 12, 2026.

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Where the numbers come from

Financial figures are the values CANADIAN NATURAL RESOURCES Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.