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Canadian Natural Resources CNQ.TO · CAD

Energy · Toronto Stock Exchange · 🇨🇦 Canada

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67.87

-0.92%

Close of 9 Nov 2026, in CAD

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About Canadian Natural Resources

Its shares trade on Toronto Stock Exchange under the ticker CNQ.TO. It has been listed since 31 July 2000. In the fiscal year to 31 December 2025, it reported revenue of C$38.76bn and net income of C$10.82bn. At that date it held total assets of C$91.83bn and shareholders' equity of C$44.37bn.

Canadian Natural Resources Ltd. is a senior oil and natural gas production company, which engages in the exploration, development, marketing, and production of crude oil and natural gas. The company is headquartered in Calgary, Alberta. The company went IPO on 2000-07-31. The firm's exploration and production operations are focused in North America, mainly in Western Canada; the United Kingdom (UK) portion of the North Sea; and Cote d'Ivoire and South Africa in Offshore Africa. The Company’s exploration and production activities are conducted in three geographic segments: North America, North Sea and Offshore Africa. The Oil Sands Mining and Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands and through its direct and indirect interest in Athabasca Oil Sands Project. Within Western Canada, in the Midstream and Refining segment, the Company's activities include pipeline operations, an electricity co-generation system and an investment in the North West Redwater Partnership, a general partnership formed to upgrade and refine bitumen in the Province of Alberta.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Listed since
31 Jul 2000
Employees
10,180
Website
cnrl.com ↗

Leadership

Pay as last reported

  • Mr. Norman EdwardsExecutive Chairman of the Board, since 1988C$18.8m
  • Mr. Scott StauthPresident, Chief Executive Officer, DirectorC$9.2m
  • Mr. Mark StainthorpeChief Financial OfficerC$1.3m
  • Mr. Victor DarelSenior Vice President - Finance, Principal Accounting Officer
  • Mr. Troy AndersenSenior Vice President - Canadian Conventional Field Operations
  • Mr. Calvin BastSenior Vice President - Production
  • Mr. Dwayne GiggsSenior Vice President - Exploration
  • Mr. Dean HalewichSenior Vice President - Safety, Risk Management and Innovation
  • Mr. Devin LoweSenior Vice President - Exploitation
  • Mr. Warren RaczynskiSenior Vice President - Thermal
  • Ms. Kara SlemkoSenior Vice President - Commercial Operations and Corporate Development
  • Mr. Trevor WagilSenior Vice President - Oil Sands Mining

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
62
Environment
59
Social
71
Governance
56
Direct emissions (scope 1)
23,243,100 t
Energy emissions (scope 2)
3,092,650 t
Value chain emissions (scope 3)
132,000,000 t
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

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.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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