Canadian Natural Resources (CNQ.TO) Stock Price

Canadian Natural Resources Price

🇨🇦TSX·CLOSED
57.96CAD
Market closed
Today +/-
Today %

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

Ex-Dividend
Details

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.

Canadian Natural Resources Stock Price History
DateCanadian Natural Resources Price
Access this data via the Eulerpool API

Canadian Natural Resources Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2005
9.76 B CAD
3.66 B CAD
1.05 B CAD
Jan 1, 2006
10.4 B CAD
3.97 B CAD
2.52 B CAD
Jan 1, 2007
11.15 B CAD
3.9 B CAD
2.61 B CAD
Jan 1, 2008
14.16 B CAD
6.71 B CAD
4.99 B CAD
Jan 1, 2009
10.14 B CAD
2.39 B CAD
1.58 B CAD
Jan 1, 2010
12.9 B CAD
3.01 B CAD
1.67 B CAD
Jan 1, 2011
13.79 B CAD
3.93 B CAD
2.64 B CAD
Jan 1, 2012
14.59 B CAD
3.05 B CAD
1.89 B CAD
Jan 1, 2013
16.15 B CAD
3.16 B CAD
2.27 B CAD
Jan 1, 2014
18.86 B CAD
4.86 B CAD
3.93 B CAD
Jan 1, 2015
12.36 B CAD
-742 M CAD
-637 M CAD
Jan 1, 2016
11.43 B CAD
-1.28 B CAD
-204 M CAD
Jan 1, 2017
17.34 B CAD
2.34 B CAD
2.4 B CAD
Jan 1, 2018
21.03 B CAD
4.85 B CAD
2.59 B CAD
Jan 1, 2019
22.87 B CAD
5.59 B CAD
5.42 B CAD

Canadian Natural Resources Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 19, 2026, 4:28 AM
 
REVENUE (B CAD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B CAD)
NET INCOME (B CAD)
NET INCOME GROWTH (%)
DIV. (CAD)
DIV. GROWTH (%)
SHARES (B)
DOCUMENTS
2022202320242025e2026e2027e2028e2029e
42.335.9735.6638.9336.7137.6738.3238.99
40.73-14.97-0.879.18-5.722.611.751.73
55.8350.5649.345.1547.8946.6745.8745.09
23.6118.1917.5817.5817.5817.5817.5817.58
10.948.236.117.246.468.0714.147.54
42.71-24.72-25.8418.59-10.7624.8175.3-46.65
4.63.72.662.351.191.5--
130-19.57-28.11-11.65-49.3626.05
2.32.22.142.142.142.142.142.14
Details

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

The Canadian Natural Resources margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Canadian Natural Resources. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Canadian Natural Resources.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2005
67.74 %
37.46 %
10.75 %
Jan 1, 2006
67.38 %
38.2 %
24.27 %
Jan 1, 2007
66.34 %
34.96 %
23.39 %
Jan 1, 2008
69.01 %
47.39 %
35.21 %
Jan 1, 2009
58.54 %
23.53 %
15.58 %
Jan 1, 2010
59.45 %
23.35 %
12.97 %
Jan 1, 2011
56.51 %
28.47 %
19.16 %
Jan 1, 2012
52.01 %
20.93 %
12.97 %
Jan 1, 2013
53.56 %
19.59 %
14.06 %
Jan 1, 2014
54.95 %
25.76 %
20.83 %
Jan 1, 2015
42.53 %
-6 %
-5.15 %
Jan 1, 2016
38.69 %
-11.19 %
-1.79 %
Jan 1, 2017
46.93 %
13.46 %
13.82 %
Jan 1, 2018
49.34 %
23.06 %
12.32 %
Jan 1, 2019
52.01 %
24.45 %
23.68 %

Canadian Natural Resources Stock Revenue, EBIT, Earnings per Share

The Canadian Natural Resources earnings per share therefore indicates how much revenue Canadian Natural Resources has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2005
4.53 CAD
1.7 CAD
0.49 CAD
Jan 1, 2006
4.84 CAD
1.85 CAD
1.17 CAD
Jan 1, 2007
5.17 CAD
1.81 CAD
1.21 CAD
Jan 1, 2008
6.55 CAD
3.1 CAD
2.31 CAD
Jan 1, 2009
4.68 CAD
1.1 CAD
0.73 CAD
Jan 1, 2010
5.89 CAD
1.37 CAD
0.76 CAD
Jan 1, 2011
6.25 CAD
1.78 CAD
1.2 CAD
Jan 1, 2012
6.63 CAD
1.39 CAD
0.86 CAD
Jan 1, 2013
7.4 CAD
1.45 CAD
1.04 CAD
Jan 1, 2014
8.6 CAD
2.22 CAD
1.79 CAD
Jan 1, 2015
5.65 CAD
-0.34 CAD
-0.29 CAD
Jan 1, 2016
5.19 CAD
-0.58 CAD
-0.09 CAD
Jan 1, 2017
7.33 CAD
0.99 CAD
1.01 CAD
Jan 1, 2018
8.59 CAD
1.98 CAD
1.06 CAD
Jan 1, 2019
9.58 CAD
2.34 CAD
2.27 CAD

Canadian Natural Resources business model & stock analysis

Canadian Natural Resources Ltd is a Canadian energy company founded in 1989 and headquartered in Calgary. The company is engaged in the exploration, production, refining, and marketing of petroleum, natural gas, and natural resources. Canadian Natural Resources is one of the largest independent energy companies in Canada and a leading global oil and gas producer. The business model of Canadian Natural Resources is based on the exploration, production, and marketing of crude oil and natural gas. The company operates in three segments: upstream production, midstream production, and downstream production. Upstream production includes the exploration and production of oil and gas resources in Canada, North Africa, and the North Sea region. Canadian Natural Resources has numerous production areas in Canada, including the Athabasca oil sands region in Alberta, the Montney Formation in British Columbia, and the Horn River Basin in the Northwest Territories. Midstream production includes the maintenance, operation, and marketing of pipelines and oil sands tailings facilities, as well as the processing of crude oil and the transportation of liquefied natural gas (LNG). Canadian Natural Resources is a key partner in the Northern Gateway Pipelines project, which aims to transport crude oil from the Athabasca oil sands region to Kitimat on the west coast of Canada. Downstream production includes the refining of crude oil and the production of various petrochemicals and fuels. Canadian Natural Resources operates refineries and petrochemical plants throughout Canada and the United States. Canadian Natural Resources produces and markets various oil and gas products, including crude oil, light and heavy refinery products, natural gas, and liquefied natural gas (LNG). The company is also a major producer of bitumen, which is used in the production of synthetic oils and oil sands products. Canadian Natural Resources also operates a network of gas stations under the brand "Petro-Canada," serving retail and wholesale customers in Canada and the United States. Canadian Natural Resources invests heavily in new technologies to improve the efficiency and sustainability of oil and gas production. The company has developed and implemented a range of technologies that reduce environmental impact and production costs while increasing operational efficiency and safety. These technologies include hydraulic fracturing, steam-assisted gravity drainage (SAGD), and geothermal energy. Canadian Natural Resources is committed to acting responsibly and sustainably to protect the environment and the communities in which it operates. The company works closely with all regulatory authorities to ensure compliance with all environmental standards. Canadian Natural Resources also focuses on sustainability and has set a target to reduce its CO2 emissions by 30% by 2030. Overall, Canadian Natural Resources is a leading energy company specializing in the production of crude oil, natural gas, and other natural resources. Thanks to its innovative technologies and high commitment to environmental and social responsibility, the company has played a significant role in the Canadian economy and the renewable energy sector.

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

Details

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

The number of shares was Canadian Natural Resources in 2025 — This indicates how many shares 2.14 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2005
2.15 B base_Shares
Jan 1, 2006
2.15 B base_Shares
Jan 1, 2007
2.16 B base_Shares
Jan 1, 2008
2.16 B base_Shares
Jan 1, 2009
2.17 B base_Shares
Jan 1, 2010
2.19 B base_Shares
Jan 1, 2011
2.21 B base_Shares
Jan 1, 2012
2.2 B base_Shares
Jan 1, 2013
2.18 B base_Shares
Jan 1, 2014
2.19 B base_Shares
Jan 1, 2015
2.19 B base_Shares
Jan 1, 2016
2.2 B base_Shares
Jan 1, 2017
2.37 B base_Shares
Jan 1, 2018
2.45 B base_Shares
Jan 1, 2019
2.39 B base_Shares

Canadian Natural Resources Dividend History

25 years of dividend payments

YearAnnual DividendYoY ChangePayments
20252.35CAD 11.7%
Mar 21, 20250.59CAD 4.4%1/4
Jun 13, 20250.59CAD 0.0%2/4
Sep 19, 20250.59CAD 0.0%3/4
Dec 12, 20250.59CAD 0.0%4/4
20242.66CAD 28.0%
20233.7CAD 19.6%
20224.6CAD 130.3%
20212CAD 17.5%
20201.7CAD 13.3%
20191.5CAD 11.9%
20181.34CAD 21.8%
20171.1CAD 17.0%
20160.94CAD 2.2%

Canadian Natural Resources dividend history and estimates

In 2025, Canadian Natural Resources paid a dividend amounting to 2.35 CAD. Dividend means that Canadian Natural Resources distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2005
0.29 CAD
0 CAD
0 CAD
Jan 1, 2006
0.3 CAD
0 CAD
0 CAD
Jan 1, 2007
0.34 CAD
0 CAD
0 CAD
Jan 1, 2008
0.4 CAD
0 CAD
0 CAD
Jan 1, 2009
0.42 CAD
0 CAD
0 CAD
Jan 1, 2010
0.38 CAD
0 CAD
0 CAD
Jan 1, 2011
0.36 CAD
0 CAD
0 CAD
Jan 1, 2012
0.42 CAD
0 CAD
0 CAD
Jan 1, 2013
0.58 CAD
0 CAD
0 CAD
Jan 1, 2014
0.9 CAD
0 CAD
0 CAD
Jan 1, 2015
0.92 CAD
0 CAD
0 CAD
Jan 1, 2016
0.94 CAD
0 CAD
0 CAD
Jan 1, 2017
1.1 CAD
0 CAD
0 CAD
Jan 1, 2018
1.34 CAD
0 CAD
0 CAD
Jan 1, 2019
1.5 CAD
0 CAD
0 CAD

Canadian Natural Resources dividend payout ratio

In 2025, Canadian Natural Resources had a payout ratio of 41.55%. The payout ratio indicates the percentage of the company's profits that Canadian Natural Resources distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2005
12.06 %
Jan 1, 2006
6.43 %
Jan 1, 2007
7.04 %
Jan 1, 2008
4.33 %
Jan 1, 2009
14.41 %
Jan 1, 2010
19.74 %
Jan 1, 2011
15 %
Jan 1, 2012
24.42 %
Jan 1, 2013
27.64 %
Jan 1, 2014
25.14 %
Jan 1, 2015
-158.62 %
Jan 1, 2016
-522.22 %
Jan 1, 2017
54.46 %
Jan 1, 2018
63.21 %
Jan 1, 2019
33.04 %
Price targets and forecasts for Canadian Natural Resources are not yet available.

Canadian Natural Resources Earnings Estimates

Canadian Natural Resources Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/2/20242.02CAD9.52 BCAD2024 Q1
2/29/20242.51CAD9.99 BCAD2023 Q4
8/2/20232.19CAD9.67 BCAD2023 Q2
5/3/20232.98CAD11.22 BCAD2023 Q1
3/1/20232.74CAD10.44 BCAD2022 Q4
11/3/20222.88CAD10.74 BCAD2022 Q3
8/4/20223.01CAD10.7 BCAD2022 Q2
5/5/20222.59CAD9.66 BCAD2022 Q1
3/3/20222.17CAD8.67 BCAD2021 Q4
11/4/20211.6CAD7.63 BCAD2021 Q3
...

EESG©

Eulerpool ESG Scorecard© for the Canadian Natural Resources stock

62/100
59
Environment
71
Social
56
Governance
E

Environment

20
Scope 1 - Direct Emissions23,243,100
Scope 2 - Indirect emissions from purchased energy3,092,650
Scope 3 - Indirect emissions within the value chain132,000,000
Total CO₂ emissions26,335,800
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

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%
Capital World Investors
Capital World Investors
5.20114%
Capital Research Global Investors
Capital Research Global Investors
4.19801%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
3.09108%
Fidelity Management & Research Company LLC
Fidelity Management & Research Company LLC
2.43028%
RBC Global Asset Management Inc.
RBC Global Asset Management Inc.
2.3483%
RBC Dominion Securities, Inc.
RBC Dominion Securities, Inc.
2.2862%
T. Rowe Price Investment Management, Inc.
T. Rowe Price Investment Management, Inc.
2.23972%
Fisher Investments
Fisher Investments
2.00761%
BMO Capital Markets (US)
BMO Capital Markets (US)
1.97146%
Edwards (Norman Murray)
Edwards (Norman Murray)
...

Canadian Natural Resources Executives and Management Board

NE

Mr. Norman Edwards

(65)

Executive Chairman of the Board · since 1988

Compensation18.76 M CAD
SS

Mr. Scott Stauth

(59)

President, Chief Executive Officer, Director

Compensation9.24 M CAD
JF

Mr. Jay Froc

(59)

Chief Operating Officer - Oil Sands Mining and Upgrading · since 2023

Compensation4.19 M CAD
RZ

Mr. Robin Zabek

(53)

Chief Operating Officer - Exploration and Production

Compensation3.95 M CAD
MS

Mr. Mark Stainthorpe

(47)

Chief Financial Officer

Compensation1.27 M CAD

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.

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.