Canadian Natural Resources (CNQ.TO) Stock Price
Canadian Natural Resources Price
Canadian Natural Resources (CNQ.TO) Stock | ISIN CA1363851017 | WKN 865114. The current Canadian Natural Resources stock price is 57.96 CAD (2026). Revenue is 36.71 B CAD. Net income is 6.46 B CAD. The P/E ratio is 19.2. Market capitalization is 124.06 B CAD. Canadian Natural Resources operates in the Energy sector.
Over the last 19 years Canadian Natural Resources grew revenue by 7.1% annually, reaching 35.66 B CAD. Earnings per share have grown at 9.7% per year over the last 19 years. For Canadian Natural Resources, the net margin of 17.1% is up versus -2.6% a few years ago. At today's price the dividend yield works out to roughly 4.59%. The payout ratio is around 39% of earnings. The dividend has grown at 12.3% per year over the past 19 years.
Canadian Natural Resources stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Canadian Natural Resources over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Canadian Natural Resources stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Canadian Natural Resources's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Canadian Natural Resources Price |
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Canadian Natural Resources Revenue, EBIT, Net Income
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Canadian Natural Resources Income Statement, Balance Sheet, Cash Flow Statement
| REVENUE (B CAD) |
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| REVENUE GROWTH (%) |
| GROSS MARGIN (%) |
| GROSS INCOME (B CAD) |
| NET INCOME (B CAD) |
| NET INCOME GROWTH (%) |
| DIVIDEND (CAD)DIV. (CAD) |
| DIVIDEND GROWTH (%)DIV. GROWTH (%) |
| SHARES (B) |
| DOCUMENTS |
| 2022 | 2023 | 2024 | 2025e | 2026e | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|
| 42.3 | 35.97 | 35.66 | 38.93 | 36.71 | 37.67 | 38.32 | 38.99 |
| 40.73 | -14.97 | -0.87 | 9.18 | -5.72 | 2.61 | 1.75 | 1.73 |
| 55.83 | 50.56 | 49.3 | 45.15 | 47.89 | 46.67 | 45.87 | 45.09 |
| 23.61 | 18.19 | 17.58 | 17.58 | 17.58 | 17.58 | 17.58 | 17.58 |
| 10.94 | 8.23 | 6.11 | 7.24 | 6.46 | 8.07 | 14.14 | 7.54 |
| 42.71 | -24.72 | -25.84 | 18.59 | -10.76 | 24.81 | 75.3 | -46.65 |
| 4.6 | 3.7 | 2.66 | 2.35 | 1.19 | 1.5 | - | - |
| 130 | -19.57 | -28.11 | -11.65 | -49.36 | 26.05 | – | – |
| 2.3 | 2.2 | 2.14 | 2.14 | 2.14 | 2.14 | 2.14 | 2.14 |
| – | – | – | – | – | – | – | – |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Canadian Natural Resources generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Canadian Natural Resources retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Canadian Natural Resources's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Canadian Natural Resources has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Canadian Natural Resources's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Canadian Natural Resources stock margins
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Canadian Natural Resources Stock Revenue, EBIT, Earnings per Share
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Canadian Natural Resources business model & stock analysis
Canadian Natural Resources SWOT Analysis
Strengths
Canadian Natural Resources Ltd. (CNRL) benefits from a diversified asset base, including a vast portfolio of high-quality oil and gas assets. This allows the company to mitigate risk and capture opportunities in different regions.
CNRL has a strong production capability, leveraging advanced technologies and efficient operational practices. This enables the company to achieve cost advantages and maximize output, enhancing its competitive position in the industry.
The company has a solid financial position and strong cash flow generation, which supports its growth initiatives and allows for investments in exploration, acquisitions, and technological advancements.
Weaknesses
CNRL faces challenges related to the fluctuating commodity prices in the energy market. This exposes the company to potential revenue volatility and impacts its profitability.
The company operates in an industry that is subject to stringent environmental regulations. Compliance costs and potential reputational risks associated with environmental incidents represent weaknesses for CNRL.
CNRL heavily relies on the transportation infrastructure to deliver its products. Any disruptions or constraints in the transportation network could negatively affect the company's operations.
Opportunities
CNRL has the opportunity to expand its presence in emerging markets, particularly in Asia, where the energy demand is growing rapidly. This can be achieved through strategic partnerships and exploration activities.
With advancing technology, CNRL can invest in research and development to enhance its extraction and production methods, improving efficiency, reducing costs, and minimizing environmental impact.
The global transition toward cleaner energy sources presents an opportunity for CNRL to diversify its operations into renewable energy and reduce reliance on conventional oil and gas, contributing to a more sustainable future.
Threats
CNRL faces the risk of geopolitical uncertainties, including changes in government policies and regulations, which may impact the company's operations and profitability in different countries.
Volatility in global oil and gas prices, influenced by factors such as economic conditions, political tensions, and supply-demand dynamics, poses a significant threat to CNRL's financial performance.
Growing public concern over climate change and environmental sustainability could lead to increased scrutiny and social pressure on the oil and gas industry, potentially affecting CNRL's reputation and social license to operate.
Canadian Natural Resources Eulerpool Fair Value
Canadian Natural Resources historical P/E ratio, EBIT multiple, and P/S ratio
Canadian Natural Resources annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Canadian Natural Resources shares outstanding
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Canadian Natural Resources Dividend History
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Canadian Natural Resources dividend history and estimates
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Canadian Natural Resources dividend payout ratio
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Canadian Natural Resources Earnings Estimates
Canadian Natural Resources Earnings Estimates
| Date | EPS estimate | Revenue Estimate | Quarterly report |
|---|---|---|---|
| 5/2/2024 | 2.02CAD | 9.52 BCAD | 2024 Q1 |
| 2/29/2024 | 2.51CAD | 9.99 BCAD | 2023 Q4 |
| 8/2/2023 | 2.19CAD | 9.67 BCAD | 2023 Q2 |
| 5/3/2023 | 2.98CAD | 11.22 BCAD | 2023 Q1 |
| 3/1/2023 | 2.74CAD | 10.44 BCAD | 2022 Q4 |
| 11/3/2022 | 2.88CAD | 10.74 BCAD | 2022 Q3 |
| 8/4/2022 | 3.01CAD | 10.7 BCAD | 2022 Q2 |
| 5/5/2022 | 2.59CAD | 9.66 BCAD | 2022 Q1 |
| 3/3/2022 | 2.17CAD | 8.67 BCAD | 2021 Q4 |
| 11/4/2021 | 1.6CAD | 7.63 BCAD | 2021 Q3 |
EESG©
Eulerpool ESG Scorecard© for the Canadian Natural Resources stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
Canadian Natural Resources shareholder structure
| % | Name |
|---|---|
9.75117% | |
5.20114% | |
4.19801% | |
3.09108% | |
2.43028% | |
2.3483% | |
2.2862% | |
2.23972% | |
2.00761% | |
1.97146% |
Canadian Natural Resources Executives and Management Board
Mr. Norman Edwards
(65)Executive Chairman of the Board · since 1988
Mr. Scott Stauth
(59)President, Chief Executive Officer, Director
Mr. Jay Froc
(59)Chief Operating Officer - Oil Sands Mining and Upgrading · since 2023
Mr. Robin Zabek
(53)Chief Operating Officer - Exploration and Production
Mr. Mark Stainthorpe
(47)Chief Financial Officer
Frequently asked questions about Canadian Natural Resources
Canadian Natural Resources Ltd. operates as an integrated energy company engaged in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs). The company's business model focuses on extracting and producing energy resources from its diverse portfolio of assets, including oil sands, heavy oil, light and medium crude oil, natural gas, and NGLs. Canadian Natural Resources Ltd. aims to maximize shareholder value by efficiently developing and managing its resources, employing innovative technologies, optimizing production, and maintaining a strong balance sheet.
Canadian Natural Resources stock
Canadian Natural Resources Peer Group
Canadian Natural Resources Ticker
Canadian Natural Resources FIGI
All fundamentals and in-depth analysis of Canadian Natural Resources
Our stock analysis for Canadian Natural Resources Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Canadian Natural Resources Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.