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Canadian Natural Resources (CNQ) Financials

Canadian Natural Resources logo
$45.52 -2.34 (-4.88%)
As of 03:21 PM Eastern
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Annual Income Statements for Canadian Natural Resources

Annual Income Statements for Canadian Natural Resources

This table shows Canadian Natural Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -461 -152 1,905 1,899 4,174 -341 5,998 8,082 6,236 4,240 7,891
Consolidated Net Income / (Loss)		 -461 -152 1,905 1,899 4,174 -341 5,998 8,082 6,236 4,240 7,891
Net Income / (Loss) Continuing Operations		 -461 -152 1,905 1,899 4,174 -341 5,998 8,082 6,236 4,240 7,891
Total Pre-Tax Income 		-482 -791 2,283 2,581 3,819 -684 7,757 10,127 7,700 5,597 9,657
Total Operating Income		 -197 -976 1,828 3,651 4,250 -343 7,730 10,933 7,926 6,755 5,999
Total Gross Profit		 3,892 2,744 6,079 7,569 8,671 4,557 12,382 16,575 13,061 11,665 13,120
Total Revenue		 7,276 6,122 10,696 12,199 13,680 9,416 18,382 23,607 19,856 17,478 19,928
Operating Revenue		 7,276 6,122 10,696 12,199 13,680 9,416 18,382 23,607 19,856 17,478 19,928
Total Cost of Revenue		 3,384 3,378 4,616 4,630 5,009 4,859 6,000 7,032 6,795 5,814 6,808
Operating Cost of Revenue		 3,384 3,378 4,616 4,630 5,009 4,859 6,000 7,032 6,795 5,814 6,808
Total Operating Expenses		 4,090 3,721 4,252 3,918 4,421 4,900 4,653 5,641 5,135 4,910 7,121
Depreciation Expense		 3,964 3,615 4,121 3,782 4,274 4,740 4,480 5,434 4,858 4,640 6,844
Other Operating Expenses / (Income)		 125 106 130 136 146 161 173 208 277 270 277
Total Other Income / (Expense), net		 -285 185 455 -1,070 -431 -341 27 -806 -226 -1,158 3,657
Interest Expense		 233 285 501 542 644 593 556 406 482 411 608
Interest & Investment Income		 -36 243 30 -254 -226 36 484 145 42 39 0.00
Other Income / (Expense), net		 -16 227 927 -275 439 216 99 -545 213 -786 4,266
Income Tax Expense		 -22 -639 378 682 -355 -343 1,759 2,045 1,463 1,356 1,766
Basic Earnings per Share		 ($0.58) ($0.19) $1.62 $2.13 $4.55 ($0.37) $6.49 $3.56 $2.86 $1.99 $3.77
Weighted Average Basic Shares Outstanding		 - - 1.22B 1.20B 1.19B 1.18B 1.17B 1.10B 2.14B 2.10B 2.08B
Diluted Earnings per Share		 ($0.58) ($0.19) $1.61 $2.12 $4.54 ($0.37) $6.46 $3.52 $2.83 $1.98 $3.76
Weighted Average Diluted Shares Outstanding		 - - 1.22B 1.20B 1.19B 1.18B 1.17B 1.10B 2.14B 2.10B 2.08B
Weighted Average Basic & Diluted Shares Outstanding		 - - 1.22B 1.20B 1.19B 1.18B 1.17B 1.10B 2.14B 2.10B 2.08B

Quarterly Income Statements for Canadian Natural Resources

No quarterly income statements for Canadian Natural Resources are available.

Annual Cash Flow Statements for Canadian Natural Resources

This table details how cash moves in and out of Canadian Natural Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 975 390 7,848 531 5,704 2,675 2,262 8,145 7,008 9,182 8,428
Net Cash From Operating Activities		 3,427 2,218 8,393 4,954 7,694 5,182 10,058 12,795 10,726 8,725 14,398
Net Cash From Continuing Operating Activities		 3,427 2,218 8,393 4,954 7,694 5,182 10,058 12,795 10,726 8,725 14,398
Net Income / (Loss) Continuing Operations		 -461 -152 1,905 1,899 4,174 -341 5,998 8,082 6,236 4,240 7,891
Consolidated Net Income / (Loss)		 -461 -152 1,905 1,899 4,174 -341 5,998 8,082 6,236 4,240 7,891
Depreciation Expense		 3,964 3,615 4,121 3,782 4,274 4,740 4,480 5,434 4,858 4,640 6,844
Non-Cash Adjustments To Reconcile Net Income		 -244 -1,066 1,858 -1,135 -65 925 -733 -619 -408 -448 -709
Changes in Operating Assets and Liabilities, net		 167 -179 509 408 -689 -142 312 -103 40 293 372
Net Cash From Investing Activities		 -3,231 -2,826 -3,733 -3,254 -2,781 -2,007 -3,416 -3,795 -3,718 -3,339 -4,953
Net Cash From Continuing Investing Activities		 -3,231 -2,826 -3,733 -3,254 -2,781 -2,007 -3,416 -3,795 -3,718 -3,339 -4,953
Purchase of Property, Plant & Equipment		 -3,231 -2,826 -3,733 -3,254 -2,781 -2,007 -3,516 -3,795 -3,718 -3,738 -4,953
Sale and/or Maturity of Investments		 - - - - 0.00 0.00 100 0.00 0.00 399 0.00
Net Cash From Financing Activities		 779 997 3,189 -1,169 790 -500 -4,380 -854 0.00 3,796 -1,017
Net Cash From Continuing Financing Activities		 779 997 3,189 -1,169 790 -500 -4,380 -854 0.00 3,796 -1,017
Issuance of Debt		 701 255 1,766 -1,169 1,561 265 -4,814 -854 0.00 3,796 -1,017
Cash Interest Paid		 391 459 576 668 667 584 526 453 456 407 713
Cash Income Taxes Paid		 30 -330 -629 -165 343 -23 -49 2,259 2,512 794 1,256

Quarterly Cash Flow Statements for Canadian Natural Resources

No quarterly cash flow statements for Canadian Natural Resources are available.

Annual Balance Sheets for Canadian Natural Resources

This table presents Canadian Natural Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 43,644 58,701 52,437 60,206 59,009 60,002 56,268 57,533 59,277 66,971
Total Current Assets		 3,227 3,892 2,213 3,458 3,419 4,651 5,215 5,429 5,142 5,589
Cash & Equivalents		 13 109 74 107 144 582 680 664 91 491
Accounts Receivable		 1,067 1,905 841 1,900 1,717 2,435 2,627 2,416 2,865 2,916
Inventories, net		 513 710 700 888 831 1,212 1,341 1,541 1,940 1,911
Prepaid Expenses		 111 139 129 134 181 153 159 357 194 220
Other Current Assets		 211 63 85 42 64 27 45 54 53 51
Plant, Property, & Equipment, net		 37,885 51,789 47,307 52,439 51,544 51,968 47,930 48,918 50,982 56,626
Total Noncurrent Assets		 2,532 3,020 2,916 4,309 4,047 3,383 3,123 3,187 3,153 4,756
Other Noncurrent Operating Assets		 2,532 3,020 2,916 4,309 4,047 3,383 3,123 3,187 3,153 4,756
Total Liabilities & Shareholders' Equity		 43,644 58,701 52,437 60,206 59,009 60,002 56,268 57,533 59,277 66,971
Total Liabilities		 24,097 33,547 29,007 33,239 33,627 31,087 28,057 27,362 31,869 34,615
Total Current Liabilities		 3,789 4,976 3,489 5,115 3,981 5,809 6,393 5,632 6,688 5,880
Short-Term Debt		 1,348 1,492 836 1,843 1,053 783 299 742 1,667 322
Accounts Payable		 443 616 571 629 523 628 991 1,074 749 806
Accrued Expenses		 1,654 2,064 1,726 2,012 1,839 2,398 3,110 2,677 3,142 3,103
Current Deferred & Payable Income Tax Liabilities		 - 0.00 111 - 0.00 1,258 978 0.00 64 435
Other Current Liabilities		 345 804 245 631 566 742 1,015 1,138 1,066 1,214
Total Noncurrent Liabilities		 20,307 28,571 25,518 28,124 29,646 25,278 21,664 21,730 25,181 28,735
Long-Term Debt		 11,157 16,355 14,276 14,328 15,764 10,718 8,159 7,438 11,402 11,797
Noncurrent Deferred & Payable Income Tax Liabilities		 6,752 8,722 8,391 8,122 7,952 7,999 7,474 7,713 7,319 8,233
Other Noncurrent Operating Liabilities		 2,398 3,494 2,851 5,674 5,929 6,562 6,031 6,579 6,460 8,705
Total Equity & Noncontrolling Interests		 19,547 25,154 23,430 26,967 25,383 28,915 28,211 30,171 27,408 32,356
Total Preferred & Common Equity		 19,547 25,154 23,430 26,967 25,383 28,915 28,211 30,171 27,408 32,356
Total Common Equity		 19,547 25,154 23,430 26,967 25,383 28,915 28,211 30,171 27,408 32,356
Common Stock		 3,476 7,239 6,832 7,347 7,530 7,958 7,607 8,114 7,683 8,329
Retained Earnings		 16,019 17,969 16,509 19,594 17,846 20,958 20,449 21,927 19,516 23,867
Accumulated Other Comprehensive Income / (Loss)		 52 -54 89 26 6.27 -0.78 154 130 209 160

Quarterly Balance Sheets for Canadian Natural Resources

No quarterly balance sheets for Canadian Natural Resources are available.

Annual Metrics And Ratios for Canadian Natural Resources

This table displays calculated financial ratios and metrics derived from Canadian Natural Resources' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 2,081,578,000.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 2,081,578,000.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 3.79
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -138 -683 1,525 2,686 4,645 -240 5,977 8,726 6,421 5,025 4,902
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 23.80% 16.74% 12.41% 11.02%
Earnings before Interest and Taxes (EBIT)		 -213 -749 2,754 3,376 4,690 -128 7,829 10,388 8,139 5,969 10,265
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,751 2,866 6,876 7,158 8,964 4,612 12,309 15,822 12,997 10,608 17,108
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -32,044 -9,297 6,784 76 595 8,202 12,691 4,758 1,928 1,305
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 31,361 42,183 38,084 42,652 41,817 39,591 35,626 37,289 40,386 43,983
Increase / (Decrease) in Invested Capital		 0.00 31,361 10,822 -4,099 4,568 -835 -2,225 -3,966 1,663 3,097 3,597
Book Value per Share		 $0.00 $0.00 $20.57 $19.16 $22.44 $21.39 $24.42 $24.15 $27.36 $25.56 $15.39
Tangible Book Value per Share		 $0.00 $0.00 $20.57 $19.16 $22.44 $21.39 $24.42 $24.15 $27.36 $25.56 $15.39
Total Capital		 0.00 32,053 43,001 38,542 43,137 42,200 40,416 36,669 38,351 40,477 44,474
Total Debt		 0.00 12,506 17,847 15,112 16,170 16,817 11,500 8,458 8,180 13,069 12,119
Total Long-Term Debt		 0.00 11,157 16,355 14,276 14,328 15,764 10,718 8,159 7,438 11,402 11,797
Net Debt		 0.00 11,814 17,028 14,654 15,686 16,434 10,676 7,415 7,118 12,978 11,628
Capital Expenditures (CapEx)		 3,231 2,826 3,733 3,254 2,781 2,007 3,516 3,795 3,718 3,738 4,953
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 94 -411 -898 -299 107 -1,200 -1,922 -523 30 -460
Debt-free Net Working Capital (DFNWC)		 0.00 786 408 -440 186 491 -376 -879 539 121 31
Net Working Capital (NWC)		 0.00 -563 -1,084 -1,276 -1,657 -562 -1,158 -1,178 -203 -1,546 -291
Net Nonoperating Expense (NNE)		 322 -532 -380 787 471 101 -21 643 185 784 -2,989
Net Nonoperating Obligations (NNO)		 0.00 11,814 17,028 14,654 15,686 16,434 10,676 7,415 7,118 12,978 11,628
Total Depreciation and Amortization (D&A)		 3,964 3,615 4,121 3,782 4,274 4,740 4,480 5,434 4,858 4,640 6,844
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.02 $1.07 $1.75 ($0.19) $3.25 $4.82 $3.77 $1.99 $3.77
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 2.45B 2.40B 2.37B 2.37B 2.34B 2.21B 4.29B 2.10B 2.08B
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.02 $1.06 $1.75 ($0.19) $3.23 $4.76 $3.74 $1.98 $3.76
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 2.45B 2.40B 2.37B 2.37B 2.34B 2.21B 4.29B 2.10B 2.08B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 2.45B 2.40B 2.37B 2.37B 2.34B 2.21B 4.29B 2.10B 2.08B
Normalized Net Operating Profit after Tax (NOPAT)		 -138 -683 1,525 2,686 2,975 -240 5,977 8,726 6,421 5,025 4,902
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Canadian Natural Resources

No quarterly metrics and ratios for Canadian Natural Resources are available.


Financials Breakdown Chart

Frequently Asked Questions About Canadian Natural Resources' Financials

When does Canadian Natural Resources' fiscal year end?

According to the most recent income statement we have on file, Canadian Natural Resources' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Canadian Natural Resources' net income changed over the last 10 years?

Canadian Natural Resources' net income appears to be on an upward trend, with a most recent value of $7.89 billion in 2025, falling from -$460.58 million in 2015. The previous period was $4.24 billion in 2024. View Canadian Natural Resources' forecast to see where analysts expect Canadian Natural Resources to go next.

What is Canadian Natural Resources' operating income?
Canadian Natural Resources' total operating income in 2025 was $6.00 billion, based on the following breakdown:
  • Total Gross Profit: $13.12 billion
  • Total Operating Expenses: $7.12 billion
How has Canadian Natural Resources' revenue changed over the last 10 years?

Over the last 10 years, Canadian Natural Resources' total revenue changed from $7.28 billion in 2015 to $19.93 billion in 2025, a change of 173.9%.

How much debt does Canadian Natural Resources have?

Canadian Natural Resources' total liabilities were at $34.61 billion at the end of 2025, a 8.6% increase from 2024, and a 43.6% increase since 2016.

How much cash does Canadian Natural Resources have?

In the past 9 years, Canadian Natural Resources' cash and equivalents has ranged from $12.65 million in 2016 to $679.87 million in 2022, and is currently $490.81 million as of their latest financial filing in 2025.

How has Canadian Natural Resources' book value per share changed over the last 10 years?

Over the last 10 years, Canadian Natural Resources' book value per share changed from 0.00 in 2015 to 15.39 in 2025, a change of 1,538.6%.


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Financial statements for NYSE:CNQ last updated on 3/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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