profit from every $100 of sales.
$0$100
Canadian Natural Resources
$49.75+1.30% today
+52.8% in 1 year
1-year low $30.591-year high $56.11
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $13.35 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Canadian Natural Resources sold, what it kept, and what it did with the cash.
Sales went from CA$49.5 billion in 2022 to CA$44.2 billion in 2025, with CA$10.8 billion of profit last year.
SalesProfit
Canadian Natural Resources handed back 76% of the cash it generated last year.
CA$4.9B
Free cash flow 2025CA$8.3B
Bought back its own sharesCA$1.4B
Paid as dividendsCA$4.9B
Cash vs. debtCA$673M vs. CA$16.6B
Canadian Natural Resources vs. similar companies
Canadian Natural Resources grows the slowest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Canadian Natural Resources | 13.4× · Cheap | ||
 CNOOC | 12.0× · Cheap | ||
 ConocoPhillips | 21.1× · Fair price | ||
 EOG Resources | 16.5× · Fair price | ||
 Occidental Petroleum | 25.3× · Fair price |
Compare Canadian Natural Resources with ConocoPhillips · Chevron · Enbridge · EOG Resources · Enterprise Products Partners L.P. · Energy Transfer LP · Diamondback Energy · Imperial Oil
AI analysis
An AI analyst reads Canadian Natural Resources's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of CAD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 49,530 | 40,835 | 41,509 | 44,167 | |
| 16,260 | 11,773 | 10,898 | 9,401 | |
| 14,760 | 10,464 | 9,727 | 8,226 | |
| 21,727 | 17,269 | 15,413 | 21,887 | |
| 10,937 | 8,233 | 6,106 | 10,820 | |
| 4.76 | 3.74 | 2.85 | 5.16 | |
| 32.8% | 28.8% | 26.3% | 21.3% | |
| 29.8% | 25.6% | 23.4% | 18.6% | |
| 22.1% | 20.2% | 14.7% | 24.5% |
Balance sheet
| In millions of CAD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 76,142 | 75,955 | 85,359 | 91,830 |
| Cash | 920 | 877 | 131 | 673 |
| Total debt | 11,445 | 10,799 | 18,819 | 16,617 |
| Total liabilities | 37,967 | 36,123 | 45,891 | 47,464 |
| 38,175 | 39,832 | 39,468 | 44,366 | |
| 2,298 | 2,204 | 2,140 | 2,098 | |
| 22.9% | 16.9% | 11.8% | 18.5% | |
| 28.6% | 20.7% | 15.5% | 24.4% |
Cash flow
| In millions of CAD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 19,391 | 12,353 | 13,386 | 15,106 | |
| 5,136 | 4,909 | 5,383 | 6,791 | |
| 14,255 | 7,444 | 8,003 | 8,315 | |
| Dividends paid | 4,926 | 3,891 | 4,429 | 4,871 |
| 5,571 | 3,318 | 2,660 | 1,449 | |
| 804 | 491 | 279 | 180 |
Valuation
- 13.4×
- 8.9×
- 4.90
- 3.2×
- 3.3×
- 17.4×
- 7.3×
- 5.8%
- 7.5%
- 3.4%
Profitability
- 21.3%
- 18.6%
- 24.5%
- 44.9%
- 19.0%
- 18.0%
- 22.7%
- 10.3%
- 12.9%
- –
Growth
- −3.7%
- +2.7%
- +4.1%
- +22.3%
- −3.0%
Financial health
- 0.7×
- 0.37
- 21.3%
- 13.7×
- 0.95
- 0.68
- 0.42
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 7%of 467
Top 37%of 466
Top 35%of 387
Bottom 37%of 461
Top 46%of 460
What analysts expect
- Average price target
- $35.00
- Range
- $35.00 – $35.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 7, 2026 | 0.85 | 0.74 | +14.9% |
| Mar 5, 2026 | 0.59 | 0.53 | +11.3% |
| Nov 6, 2025 | 0.62 | 0.54 | +14.8% |
| Aug 7, 2025 | 0.51 | 0.44 | +15.9% |
| May 8, 2025 | 0.81 | 0.73 | +11.0% |
| Mar 6, 2025 | 0.66 | 0.69 | −4.3% |
| Oct 31, 2024 | 0.71 | 0.67 | +6.0% |
| Jul 31, 2024 | 0.64 | 0.62 | +3.2% |
3.4%of the share price, paid each year
On $1,000 invested$34a year at today's yield, before tax
+22.3%2020 to 2025
Raised2 yearsin a row, in our data
Paid per share, each year
$0.34 in 2015 → $1.69 in 2025
How safe it looks
45.0% of its profit
Room to growStretchedMore than it earns: 58.6%
News
Finning targets Canadian data center genset delivery by end of next year as backlog reaches $4.1BSeeking Alpha · Nov 10, 2026Cenovus says widest Canadian crude discount since 2018 temporary, will not change production plansSeeking Alpha · Nov 4, 2026CIBC names former Canadian finance minister as its next chairSeeking Alpha · Oct 30, 2026Celestica gets approval from Canadian exchange to repurchase up to 3.13M sharesSeeking Alpha · Oct 30, 2026Some Republicans are opposing Trump on tariffs. Maine’s Susan Collins just got him to back down on Canadian levies.MarketWatch · Oct 26, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
65Pass
Benjamin Graham
59No pass
Philip Fisher
59No pass
Peter Lynch
25No pass
Joel Greenblatt
56No pass
Charlie Munger
67Pass
Terry Smith
51No pass
Questions about Canadian Natural Resources
Is Canadian Natural Resources a good stock to buy?
A strong, very profitable business, and the price looks low. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Canadian Natural Resources AI analysis
What does Canadian Natural Resources 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. It is in Oil & Gas E&P, based in Calgary, AB, Canada, with 10,750 employees.
Does Canadian Natural Resources pay a dividend?
Yes. At today's price the dividend is 3.4% a year, about 45% of its yearly profit. In 2025 it paid out $4.87 billion in dividends.
Is Canadian Natural Resources stock halal?
Yes. Canadian Natural Resources passes our halal screen: its business is permitted and its debt is 12% of its market value, under the 30% limit. How we check
How has Canadian Natural Resources stock done over the past year?
Up 52.8% over the past twelve months, to $49.75. It traded between $30.59 and $56.11 and is 11.3% below its high.
Who are Canadian Natural Resources's competitors?
The largest listed companies in the same industry are CNOOC, ConocoPhillips, EOG Resources and Occidental Petroleum. The peers table on this page compares their profit, growth and price with Canadian Natural Resources's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.