Canadian Natural Resources Ltd
Research Canadian Natural Resources Ltd (CNQ) on Bullrun: market cap USD 102.72B, P/E 12.2, dividend yield 2.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerCNQ
- ExchangeNYSE
- CountryCanada
- SectorEnergy
- IndustryOil & Gas E&P
- CurrencyUSD
- Market capUSD 102.72B
- P/E12.2
- Dividend yield2.7%
- Financial periodQ2 2026
- RevenueCAD 17.21B
- Net incomeCAD 4.50B
- Free cash flowCAD 4.42B
- Gross margin37.2%
Valuation Snapshot
latest market cap is USD 102.72B; P/E is 12.2; dividend yield is 2.7%.
Peer valuation comparison
Latest P/E is 12.25x versus a Energy sector median of 15.51x (21.0% below).
Latest dividend yield is 2.67% versus a Energy sector median of 3.62% (26.2% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | CAD 44.17B | CAD 10.82B | CAD 8.32B | 21.3% | 5.16 | CAD 673.00M | CAD 16.62B | CAD 44.37B |
| FY2024 | CAD 41.51B | CAD 6.11B | CAD 8.00B | 26.3% | 2.85 | CAD 131.00M | CAD 18.82B | CAD 39.47B |
| FY2023 | CAD 40.84B | CAD 8.23B | CAD 7.44B | 28.8% | 3.74 | CAD 877.00M | CAD 10.80B | CAD 39.83B |
| FY2022 | CAD 49.53B | CAD 10.94B | CAD 14.26B | 32.8% | 4.76 | CAD 920.00M | CAD 11.45B | CAD 38.18B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 102.72B | 12.2 | 2.7% | 1.35 |
| 2025 | 2025-12-31 | USD 70.46B | 9.2 | n/a | n/a |
| 2024 | 2024-12-31 | USD 64.92B | 14.8 | 3.8% | 1.16 |
| 2023 | 2023-12-29 | USD 71.24B | 13.8 | 4.2% | 1.37 |
| 2022 | 2022-12-30 | USD 61.46B | 6.9 | 6.3% | 1.76 |
| 2021 | 2021-12-31 | USD 48.35B | 8.1 | 3.8% | 0.79 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.35 USD, yield 2.7%.
| Year | Dividends/share |
|---|---|
| FY2024 | 1.16 CAD |
| FY2023 | 1.37 CAD |
| FY2022 | 1.76 CAD |
About Canadian Natural Resources Ltd
Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems;
ETFs that hold Canadian Natural Resources Ltd
Canadian Natural Resources Ltd is one of the ten largest holdings of 16 ETFs that investors in Europe can buy. The 8 most traded of them:
| ETF | Weight | TER |
|---|---|---|
| Xtrackers MSCI World Energy UCITS ETF 1C | 2.75% | 0.25% |
| iSh MSCI Canada USD A | 3.24% | 0.48% |
| UBS MSCI Canada UCITS ETF CAD dis | 3.30% | 0.33% |
| iShares MSCI World Energy Sector UCITS ETF USD Inc | 2.74% | 0.18% |
| iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 10.21% | 0.55% |
| HSBC MSCI Canada UCITS ETF | 3.27% | 0.35% |
| UBS MSCI Canada UCITS ETF CAD acc | 3.30% | 0.33% |
| UBS MSCI Canada UCITS ETF hEUR acc | 3.30% | 0.36% |
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Frequently asked questions
What is Canadian Natural Resources Ltd's market cap?
Canadian Natural Resources Ltd's market capitalization is USD 102.72B.
What is Canadian Natural Resources Ltd's P/E ratio?
Canadian Natural Resources Ltd's price-to-earnings (P/E) ratio is 12.2.
Does Canadian Natural Resources Ltd pay a dividend?
Canadian Natural Resources Ltd has a dividend yield of 2.7%.
What does Canadian Natural Resources Ltd do?
Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.