Revenue
5Y CAGR +17.1%10Y CAGR +11.1%$27.7B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
CNQ
$49.75+1.30%
as of close, Nov 13, 2026
☾ AH $49.75 +1.30%
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CNQ financial statements
The full income statement, balance sheet, and cash-flow statement for Canadian Natural Resources Limited (CNQ), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Financial overview#
Net income
5Y n/m10Y n/m$7.7B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
EPS (diluted)
5Y n/m10Y n/m$3.69 FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Operating cash flow
5Y CAGR +25.2%10Y CAGR +9.4%$10.8B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Capital expenditure
— FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Free cash flow
— FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares (diluted)
5Y −11.2%10Y −4.1%2.1B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Dividend per share
5Y CAGR +22.2%10Y CAGR +14.1%$1.67 FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares outstanding (point-in-time)
2017-12 2.45B2018-12 2.40B2019-12 2.37B2020-12 2.37B2021-12 2.34B2022-12 2.21B2023-12 2.14B2024-12 2.10B2025-12 2.08B-14.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 27.7B+6.7% | 26.0B-2.4% | 26.7B-18.0% | 32.5B+35.5% | 24.0B+90.3% | |
| Interest expense | 744M+51.5% | 491M-4.1% | 512M-0.5% | 515M-13.2% | 593M-4.0% | |
| Pre-tax income | 9.48B+61.2% | 5.88B-22.0% | 7.53B-28.5% | 10.5B+33.2% | 7.91B+1314.1% | |
| Income tax | 1.73B+21.6% | 1.42B-0.5% | 1.43B-32.7% | 2.13B+18.6% | 1.79B+648.6% | |
| 7.74B+73.9% | 4.45B-27.0% | 6.10B-27.4% | 8.40B+37.4% | 6.11B+1984.1% | ||
| Net income to common | 7.74B+73.9% | 4.45B-27.0% | 6.10B-27.4% | 8.40B+37.4% | 6.11B+1984.1% | |
| $3.69+77.6% | $2.08-25.0% | $2.77-24.2% | $3.66+41.9% | $2.58+1967.1% | ||
| EPS (basic) | $3.70+76.7% | $2.09-25.1% | $2.79-24.6% | $3.70+43.1% | $2.59+1975.8% | |
| Weighted-avg shares (basic) | 2.09B-1.6% | 2.13B-2.6% | 2.18B-3.8% | 2.27B-3.9% | 2.36B-0.0% | |
| Weighted-avg shares (diluted) | 2.10B-2.0% | 2.14B-2.9% | 2.20B-4.1% | 2.30B-3.1% | 2.37B+0.4% | |
| Dividends per share | $1.67+9.0% | $1.54+14.3% | $1.34-21.7% | $1.72+131.7% | $0.74+20.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.60B+8.7% | 5.15B-4.9% | 5.41B+3.8% | 5.21B+10.9% | 4.70B+37.3% | ||
| Cash & equivalents | 491M+439.7% | 91.1M-86.3% | 662M-2.5% | 680M+15.4% | 589M+307.4% | |
| Inventory | 1.91B-1.4% | 1.94B+26.4% | 1.54B+14.6% | 1.34B+9.4% | 1.23B+47.1% | |
| 67.1B+13.0% | 59.3B+3.4% | 57.4B+2.0% | 56.3B-7.3% | 60.7B+2.6% | ||
| Property, plant & equipment | 56.7B+11.1% | 51.0B+4.6% | 48.8B+1.8% | 47.9B-8.8% | 52.6B+1.8% | |
| 5.89B-12.1% | 6.69B+19.2% | 5.62B-12.1% | 6.39B+8.8% | 5.87B+47.3% | ||
| Short-term & current debt | 322M-73.2% | 1.20B+62.3% | 740M+148.0% | 298M-62.3% | 792M+26.1% | |
| 34.7B+8.7% | 31.9B+16.9% | 27.3B-2.7% | 28.0B-10.8% | 31.4B-6.7% | ||
| Long-term debt | 11.8B+3.5% | 11.4B+53.9% | 7.42B-9.1% | 8.16B-24.7% | 10.8B-31.4% | |
| 32.4B+18.1% | 27.4B-8.8% | 30.1B+6.7% | 28.2B-3.6% | 29.2B+15.0% | ||
| Total equity incl. non-controlling | 32.4B+18.1% | 27.4B-8.8% | 30.1B+6.7% | 28.2B-3.6% | 29.2B+15.0% | |
| Shares outstanding (cover) | 2.08B-1.0% | 2.10B-1.9% | 2.14B-2.7% | 2.21B-5.6% | 2.34B-1.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 10.8B+10.7% | 9.76B+6.7% | 9.15B-38.6% | 14.9B+29.0% | 11.6B+228.4% | ||
| Depreciation & amortization | 6.72B+37.8% | 4.87B+2.5% | 4.75B-15.9% | 5.65B+23.7% | 4.57B+1.2% | |
| Acquisitions | — | — | 0.00 | 0.00 | — | |
| Long-term debt issued | — | — | 0.00 | — | — | |
| Long-term debt repaid | — | — | 0.00 | 0.00-100.0% | 146M-50.7% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | — | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 3.49B+7.9% | 3.23B+12.0% | 2.88B-23.8% | 3.78B+118.6% | 1.73B+19.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 70.5B+8.5% | 64.9B-10.1% | 72.2B+11.4% | 64.9B+34.2% | 48.3B+73.4% | |
| P/E | 9.1×-37.6% | 14.6×+69.5% | 8.6×-19.0% | 10.6×+34.2% | 7.9× | |
| P/S | 2.5×+1.8% | 2.5×+12.3% | 2.2×-17.8% | 2.7×+34.2% | 2.0×-8.9% | |
| P/B | 2.2×-8.1% | 2.4×-7.6% | 2.6×+15.5% | 2.2×+34.2% | 1.7×+50.8% | |
| Earnings yield | 11.0%+60.2% | 6.9%-41.0% | 11.6%+23.4% | 9.4%-25.5% | 12.6% | |
| Dividend yield | 4.9%-0.6% | 5.0%+21.3% | 4.1%-33.6% | 6.2%+72.6% | 3.6%-31.4% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: CNQ’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CNQ filings on SEC EDGAR → Not investment advice.
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