English

CANADIAN NATURAL RESOURCES LTD

EDGAR

CNQ Report (type unavailable) · filed 2026-08-06

Annual consolidated revenue for 2025: about CAD 38.76B, using the latest reported figures. The previous period, 2024, was about CAD 35.66B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest fiscal year

Revenue

38.8 billion CAD

2025 · CAD

Exact inputs and evidence

Revenue: 38762000000 CAD Source

Free cash flow margin

28.28%

2018 · %

Exact inputs and evidence

Revenue: 21027000000 CAD Source
Operating Cash Flow: 10121000000 CAD Source
Capital Expenditure: 4175000000 CAD Source

Operating cash flow

15.1 billion CAD

2025 · CAD

Exact inputs and evidence

Operating Cash Flow: 15106000000 CAD Source

Free cash flow

5.95 billion CAD

2018 · CAD

Exact inputs and evidence

Operating Cash Flow: 10121000000 CAD Source
Capital Expenditure: 4175000000 CAD Source

Cash and cash equivalents: 673 million CAD 2025-12-31 Source
Exact value

673000000 CAD
Long-term debt including current maturities: Not available
Shares outstanding: Not available

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-06.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2025-12-31
operating income: No compatible figures in this window
net income: No compatible figures in this window
Operating cash flow: 11 of 11 periods available· newest 2025-12-31
Capital expenditure: 4 of 11 periods available· newest 2018-12-31
Total assets: 10 of 11 periods available· newest 2025-12-31
Total liabilities: 10 of 11 periods available· newest 2025-12-31
Current assets: 10 of 11 periods available· newest 2025-12-31
Current liabilities: 10 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
long term debt: No compatible figures in this window
shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+8.7%

Prior period

CAD 35.66 billion

2024-01-01 – 2024-12-31
Current period

CAD 38.76 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

38762000000 − 35656000000 = 3106000000 CAD

35656000000 CAD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
38762000000 CAD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · CANADIAN NATURAL RESOURCES LTD · 2025-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Year-over-year change in Revenue: 3106000000 CAD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 38762000000 CAD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741326000018/cnq-20251231.htm#2609666 Filing: 000101741326000018 Input fundies:Revenue: 35656000000 CAD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741326000018/cnq-20251231.htm#2610445 Filing: 000101741326000018
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+12.8%

Prior period

CAD 13.39 billion

2024-01-01 – 2024-12-31
Current period

CAD 15.11 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

15106000000 − 13386000000 = 1720000000 CAD

13386000000 CAD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
15106000000 CAD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · CANADIAN NATURAL RESOURCES LTD · 2025-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Year-over-year change in Operating cash flow: 1720000000 CAD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 15106000000 CAD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741326000018/cnq-20251231.htm#2783125 Filing: 000101741326000018 Input fundies:OperatingCashFlow: 13386000000 CAD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741326000018/cnq-20251231.htm#2783935 Filing: 000101741326000018
The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Net income, Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue CAD 38.76 billion 100% of revenue
Operating costs Derived Unavailable An input is unavailable.
Operating income Unavailable An input is unavailable.
Tax, interest and other Derived Unavailable An input is unavailable.
Net income Unavailable An input is unavailable.

Cash

Operating cash flow CAD 15.11 billion 39% of revenue
Capital expenditure Unavailable An input is unavailable.
Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 Not shown: operating income or net income is not reported.
2017 Not shown: operating income or net income is not reported.
2018 Not shown: operating income or net income is not reported.
2019 Not shown: operating income or net income is not reported.
2020 Not shown: operating income or net income is not reported.
2021 Not shown: operating income or net income is not reported.
2022 Not shown: operating income or net income is not reported.
2023 Not shown: operating income or net income is not reported.
2024 Not shown: operating income or net income is not reported.
2025 Not shown: operating income or net income is not reported.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	11427000000	Unavailable	Unavailable	Unavailable	Unavailable	-700000000 Derived	Source 2016-01-01 – 2016-12-31: 11427000000 CAD Inspect Revenue Open source 2016-01-01 – 2016-12-31: 3452000000 CAD Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 4152000000 CAD Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	17342000000	Unavailable	Unavailable	Unavailable	Unavailable	2688000000 Derived	Source 2017-01-01 – 2017-12-31: 17342000000 CAD Inspect Revenue Open source 2017-01-01 – 2017-12-31: 7262000000 CAD Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 4574000000 CAD Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	21027000000	Unavailable	Unavailable	Unavailable	Unavailable	5946000000 Derived	Source 2018-01-01 – 2018-12-31: 21027000000 CAD Inspect Revenue Open source 2018-01-01 – 2018-12-31: 10121000000 CAD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 4175000000 CAD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	22871000000	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Source 2019-01-01 – 2019-12-31: 22871000000 CAD Inspect Revenue Open source 2019-01-01 – 2019-12-31: 8829000000 CAD Inspect Operating Cash Flow Open source
2020 2020-01-01 – 2020-12-31	16893000000	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Source 2020-01-01 – 2020-12-31: 16893000000 CAD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 4714000000 CAD Inspect Operating Cash Flow Open source
2021 2021-01-01 – 2021-12-31	30057000000	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Source 2021-01-01 – 2021-12-31: 30057000000 CAD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 14478000000 CAD Inspect Operating Cash Flow Open source
2022 2022-01-01 – 2022-12-31	42298000000	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Source 2022-01-01 – 2022-12-31: 42298000000 CAD Inspect Revenue Open source 2022-01-01 – 2022-12-31: 19391000000 CAD Inspect Operating Cash Flow Open source
2023 2023-01-01 – 2023-12-31	35968000000	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Source 2023-01-01 – 2023-12-31: 35968000000 CAD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 12353000000 CAD Inspect Operating Cash Flow Open source
2024 2024-01-01 – 2024-12-31	35656000000	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Source 2024-01-01 – 2024-12-31: 35656000000 CAD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 13386000000 CAD Inspect Operating Cash Flow Open source
2025 2025-01-01 – 2025-12-31	38762000000	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Source 2025-01-01 – 2025-12-31: 38762000000 CAD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 15106000000 CAD Inspect Operating Cash Flow Open source

Amounts are exact, in CAD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

CAD 38.8B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(CAD)	Source evidence
20162016-12-31	Revenue	11427000000	Revenue: 11427000000 Open source
20172017-12-31	Revenue	17342000000	Revenue: 17342000000 Open source
20182018-12-31	Revenue	21027000000	Revenue: 21027000000 Open source
20192019-12-31	Revenue	22871000000	Revenue: 22871000000 Open source
20202020-12-31	Revenue	16893000000	Revenue: 16893000000 Open source
20212021-12-31	Revenue	30057000000	Revenue: 30057000000 Open source
20222022-12-31	Revenue	42298000000	Revenue: 42298000000 Open source
20232023-12-31	Revenue	35968000000	Revenue: 35968000000 Open source
20242024-12-31	Revenue	35656000000	Revenue: 35656000000 Open source
20252025-12-31	Revenue	38762000000	Revenue: 38762000000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

8.7% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	-7.6%	Revenue: 11427000000 Open source Revenue: 12363000000 Open source
20172017-12-31	Year over year	51.8%	Revenue: 17342000000 Open source Revenue: 11427000000 Open source
20182018-12-31	Year over year	21.2%	Revenue: 21027000000 Open source Revenue: 17342000000 Open source
20192019-12-31	Year over year	8.8%	Revenue: 22871000000 Open source Revenue: 21027000000 Open source
20202020-12-31	Year over year	-26.1%	Revenue: 16893000000 Open source Revenue: 22871000000 Open source
20212021-12-31	Year over year	77.9%	Revenue: 30057000000 Open source Revenue: 16893000000 Open source
20222022-12-31	Year over year	40.7%	Revenue: 42298000000 Open source Revenue: 30057000000 Open source
20232023-12-31	Year over year	-15%	Revenue: 35968000000 Open source Revenue: 42298000000 Open source
20242024-12-31	Year over year	-0.9%	Revenue: 35656000000 Open source Revenue: 35968000000 Open source
20252025-12-31	Year over year	8.7%	Revenue: 38762000000 Open source Revenue: 35656000000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Free cash flow margin 28.3% 2018

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Operating margin	Not reported	Revenue: 11427000000 Open source
2017-12-31	Operating margin	Not reported	Revenue: 17342000000 Open source
2018-12-31	Operating margin	Not reported	Revenue: 21027000000 Open source
2019-12-31	Operating margin	Not reported	Revenue: 22871000000 Open source
2020-12-31	Operating margin	Not reported	Revenue: 16893000000 Open source
2021-12-31	Operating margin	Not reported	Revenue: 30057000000 Open source
2022-12-31	Operating margin	Not reported	Revenue: 42298000000 Open source
2023-12-31	Operating margin	Not reported	Revenue: 35968000000 Open source
2024-12-31	Operating margin	Not reported	Revenue: 35656000000 Open source
2025-12-31	Operating margin	Not reported	Revenue: 38762000000 Open source
2016-12-31	Net margin	Not reported	Revenue: 11427000000 Open source
2017-12-31	Net margin	Not reported	Revenue: 17342000000 Open source
2018-12-31	Net margin	Not reported	Revenue: 21027000000 Open source
2019-12-31	Net margin	Not reported	Revenue: 22871000000 Open source
2020-12-31	Net margin	Not reported	Revenue: 16893000000 Open source
2021-12-31	Net margin	Not reported	Revenue: 30057000000 Open source
2022-12-31	Net margin	Not reported	Revenue: 42298000000 Open source
2023-12-31	Net margin	Not reported	Revenue: 35968000000 Open source
2024-12-31	Net margin	Not reported	Revenue: 35656000000 Open source
2025-12-31	Net margin	Not reported	Revenue: 38762000000 Open source
20162016-12-31	Free cash flow margin	-6.1%	Revenue: 11427000000 Open source Operating Cash Flow: 3452000000 Open source Capital Expenditure: 4152000000 Open source
20172017-12-31	Free cash flow margin	15.5%	Revenue: 17342000000 Open source Operating Cash Flow: 7262000000 Open source Capital Expenditure: 4574000000 Open source
20182018-12-31	Free cash flow margin	28.3%	Revenue: 21027000000 Open source Operating Cash Flow: 10121000000 Open source Capital Expenditure: 4175000000 Open source
20192019-12-31	Free cash flow margin	Not reported	Revenue: 22871000000 Open source Operating Cash Flow: 8829000000 Open source
20202020-12-31	Free cash flow margin	Not reported	Revenue: 16893000000 Open source Operating Cash Flow: 4714000000 Open source
20212021-12-31	Free cash flow margin	Not reported	Revenue: 30057000000 Open source Operating Cash Flow: 14478000000 Open source
20222022-12-31	Free cash flow margin	Not reported	Revenue: 42298000000 Open source Operating Cash Flow: 19391000000 Open source
20232023-12-31	Free cash flow margin	Not reported	Revenue: 35968000000 Open source Operating Cash Flow: 12353000000 Open source
20242024-12-31	Free cash flow margin	Not reported	Revenue: 35656000000 Open source Operating Cash Flow: 13386000000 Open source
20252025-12-31	Free cash flow margin	Not reported	Revenue: 38762000000 Open source Operating Cash Flow: 15106000000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

CAD 15.1B 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(CAD)	Source evidence
20162016-12-31	Operating cash flow	3452000000	Operating Cash Flow: 3452000000 Open source
20172017-12-31	Operating cash flow	7262000000	Operating Cash Flow: 7262000000 Open source
20182018-12-31	Operating cash flow	10121000000	Operating Cash Flow: 10121000000 Open source
20192019-12-31	Operating cash flow	8829000000	Operating Cash Flow: 8829000000 Open source
20202020-12-31	Operating cash flow	4714000000	Operating Cash Flow: 4714000000 Open source
20212021-12-31	Operating cash flow	14478000000	Operating Cash Flow: 14478000000 Open source
20222022-12-31	Operating cash flow	19391000000	Operating Cash Flow: 19391000000 Open source
20232023-12-31	Operating cash flow	12353000000	Operating Cash Flow: 12353000000 Open source
20242024-12-31	Operating cash flow	13386000000	Operating Cash Flow: 13386000000 Open source
20252025-12-31	Operating cash flow	15106000000	Operating Cash Flow: 15106000000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

CAD 5.9B 2018

Values and sources

Free cash flow values and source evidence
Period	Series	Value(CAD)	Source evidence
20162016-12-31	Free cash flow	-700000000	Operating Cash Flow: 3452000000 Open source Capital Expenditure: 4152000000 Open source
20172017-12-31	Free cash flow	2688000000	Operating Cash Flow: 7262000000 Open source Capital Expenditure: 4574000000 Open source
20182018-12-31	Free cash flow	5946000000	Operating Cash Flow: 10121000000 Open source Capital Expenditure: 4175000000 Open source
20192019-12-31	Free cash flow	Unavailable	Operating Cash Flow: 8829000000 Open source
20202020-12-31	Free cash flow	Unavailable	Operating Cash Flow: 4714000000 Open source
20212021-12-31	Free cash flow	Unavailable	Operating Cash Flow: 14478000000 Open source
20222022-12-31	Free cash flow	Unavailable	Operating Cash Flow: 19391000000 Open source
20232023-12-31	Free cash flow	Unavailable	Operating Cash Flow: 12353000000 Open source
20242024-12-31	Free cash flow	Unavailable	Operating Cash Flow: 13386000000 Open source
20252025-12-31	Free cash flow	Unavailable	Operating Cash Flow: 15106000000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

51.7% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Liabilities / assets	55.2%	Total Liabilities: 32381000000 Open source Total Assets: 58648000000 Open source
20172017-12-31	Liabilities / assets	57.1%	Total Liabilities: 42214000000 Open source Total Assets: 73867000000 Open source
20182018-12-31	Liabilities / assets	55.3%	Total Liabilities: 39585000000 Open source Total Assets: 71559000000 Open source
20192019-12-31	Liabilities / assets	55.2%	Total Liabilities: 43130000000 Open source Total Assets: 78121000000 Open source
20202020-12-31	Liabilities / assets	57%	Total Liabilities: 42896000000 Open source Total Assets: 75276000000 Open source
20212021-12-31	Liabilities / assets	51.8%	Total Liabilities: 39720000000 Open source Total Assets: 76665000000 Open source
20222022-12-31	Liabilities / assets	49.9%	Total Liabilities: 37967000000 Open source Total Assets: 76142000000 Open source
20232023-12-31	Liabilities / assets	47.6%	Total Liabilities: 36123000000 Open source Total Assets: 75955000000 Open source
20242024-12-31	Liabilities / assets	53.8%	Total Liabilities: 45891000000 Open source Total Assets: 85359000000 Open source
20252025-12-31	Liabilities / assets	51.7%	Total Liabilities: 47464000000 Open source Total Assets: 91830000000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

0.95× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Current assets / current liabilities	0.85×	Current Assets: 4336000000 Open source Current Liabilities: 5092000000 Open source
20172017-12-31	Current assets / current liabilities	0.78×	Current Assets: 4897000000 Open source Current Liabilities: 6261000000 Open source
20182018-12-31	Current assets / current liabilities	0.63×	Current Assets: 3020000000 Open source Current Liabilities: 4762000000 Open source
20192019-12-31	Current assets / current liabilities	0.68×	Current Assets: 4487000000 Open source Current Liabilities: 6637000000 Open source
20202020-12-31	Current assets / current liabilities	0.86×	Current Assets: 4361000000 Open source Current Liabilities: 5078000000 Open source
20212021-12-31	Current assets / current liabilities	0.8×	Current Assets: 5942000000 Open source Current Liabilities: 7422000000 Open source
20222022-12-31	Current assets / current liabilities	0.82×	Current Assets: 7057000000 Open source Current Liabilities: 8651000000 Open source
20232023-12-31	Current assets / current liabilities	0.96×	Current Assets: 7167000000 Open source Current Liabilities: 7435000000 Open source
20242024-12-31	Current assets / current liabilities	0.77×	Current Assets: 7405000000 Open source Current Liabilities: 9631000000 Open source
20252025-12-31	Current assets / current liabilities	0.95×	Current Assets: 7664000000 Open source Current Liabilities: 8063000000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	Unavailable Not reported for this period.	CAD 3.45 billion Exact value Exact value: 3452000000 CAD 2016-01-01 – 2016-12-31: 3452000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATURAL RESOURCES LTD · 2016-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Operating Cash Flow: 3452000000 CAD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 3452000000 CAD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741319000018/cnq-20181231.xml#888999 Filing: 000101741319000018 The citation records this snapshot. The page link may show a newer release later.	CAD 4.15 billion Exact value Exact value: 4152000000 CAD 2016-01-01 – 2016-12-31: 4152000000 CAD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CANADIAN NATURAL RESOURCES LTD · 2016-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Capital Expenditure: 4152000000 CAD Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=CAD&dimensions= Input fundies:CapitalExpenditure: 4152000000 CAD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741319000018/cnq-20181231.xml#1143496 Filing: 000101741319000018 The citation records this snapshot. The page link may show a newer release later.	−CAD 700 million Calculation and evidence 3452000000 − 4152000000 CAD Exact free cash flow: -700000000 CAD 2016-01-01 – 2016-12-31: 3452000000 CAD · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 4152000000 CAD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CANADIAN NATURAL RESOURCES LTD · 2016-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Free cash flow: -700000000 CAD Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 3452000000 CAD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741319000018/cnq-20181231.xml#888999 Filing: 000101741319000018 Input fundies:CapitalExpenditure: 4152000000 CAD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741319000018/cnq-20181231.xml#1143496 Filing: 000101741319000018 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	Unavailable Not reported for this period.	CAD 7.26 billion Exact value Exact value: 7262000000 CAD 2017-01-01 – 2017-12-31: 7262000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATURAL RESOURCES LTD · 2017-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Operating Cash Flow: 7262000000 CAD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 7262000000 CAD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741320000013/cnq-20191231.xml#920601 Filing: 000101741320000013 The citation records this snapshot. The page link may show a newer release later.	CAD 4.57 billion Exact value Exact value: 4574000000 CAD 2017-01-01 – 2017-12-31: 4574000000 CAD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CANADIAN NATURAL RESOURCES LTD · 2017-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Capital Expenditure: 4574000000 CAD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=CAD&dimensions= Input fundies:CapitalExpenditure: 4574000000 CAD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741319000018/cnq-20181231.xml#1143761 Filing: 000101741319000018 The citation records this snapshot. The page link may show a newer release later.	CAD 2.69 billion Calculation and evidence 7262000000 − 4574000000 CAD Exact free cash flow: 2688000000 CAD 2017-01-01 – 2017-12-31: 7262000000 CAD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 4574000000 CAD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CANADIAN NATURAL RESOURCES LTD · 2017-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Free cash flow: 2688000000 CAD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 7262000000 CAD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741320000013/cnq-20191231.xml#920601 Filing: 000101741320000013 Input fundies:CapitalExpenditure: 4574000000 CAD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741319000018/cnq-20181231.xml#1143761 Filing: 000101741319000018 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	Unavailable Not reported for this period.	CAD 10.12 billion Exact value Exact value: 10121000000 CAD 2018-01-01 – 2018-12-31: 10121000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATURAL RESOURCES LTD · 2018-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Operating Cash Flow: 10121000000 CAD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 10121000000 CAD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741321000018/cnq-20201231.htm#2855395 Filing: 000101741321000018 The citation records this snapshot. The page link may show a newer release later.	CAD 4.18 billion Exact value Exact value: 4175000000 CAD 2018-01-01 – 2018-12-31: 4175000000 CAD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CANADIAN NATURAL RESOURCES LTD · 2018-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Capital Expenditure: 4175000000 CAD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=CAD&dimensions= Input fundies:CapitalExpenditure: 4175000000 CAD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741319000018/cnq-20181231.xml#1144026 Filing: 000101741319000018 The citation records this snapshot. The page link may show a newer release later.	CAD 5.95 billion Calculation and evidence 10121000000 − 4175000000 CAD Exact free cash flow: 5946000000 CAD 2018-01-01 – 2018-12-31: 10121000000 CAD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 4175000000 CAD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CANADIAN NATURAL RESOURCES LTD · 2018-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Free cash flow: 5946000000 CAD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 10121000000 CAD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741321000018/cnq-20201231.htm#2855395 Filing: 000101741321000018 Input fundies:CapitalExpenditure: 4175000000 CAD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741319000018/cnq-20181231.xml#1144026 Filing: 000101741319000018 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	Unavailable Not reported for this period.	CAD 8.83 billion Exact value Exact value: 8829000000 CAD 2019-01-01 – 2019-12-31: 8829000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATURAL RESOURCES LTD · 2019-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Operating Cash Flow: 8829000000 CAD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 8829000000 CAD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741322000028/cnq-20211231.htm#2897927 Filing: 000101741322000028 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2020 2020-01-01 – 2020-12-31	Unavailable Not reported for this period.	CAD 4.71 billion Exact value Exact value: 4714000000 CAD 2020-01-01 – 2020-12-31: 4714000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATURAL RESOURCES LTD · 2020-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Operating Cash Flow: 4714000000 CAD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 4714000000 CAD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741323000022/cnq-20221231.htm#2785270 Filing: 000101741323000022 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2021 2021-01-01 – 2021-12-31	Unavailable Not reported for this period.	CAD 14.48 billion Exact value Exact value: 14478000000 CAD 2021-01-01 – 2021-12-31: 14478000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATURAL RESOURCES LTD · 2021-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Operating Cash Flow: 14478000000 CAD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 14478000000 CAD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741324000015/cnq-20231231.htm#2759399 Filing: 000101741324000015 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2022 2022-01-01 – 2022-12-31	Unavailable Not reported for this period.	CAD 19.39 billion Exact value Exact value: 19391000000 CAD 2022-01-01 – 2022-12-31: 19391000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATURAL RESOURCES LTD · 2022-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Operating Cash Flow: 19391000000 CAD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 19391000000 CAD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741325000024/cnq-20241231.htm#2691449 Filing: 000101741325000024 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2023 2023-01-01 – 2023-12-31	Unavailable Not reported for this period.	CAD 12.35 billion Exact value Exact value: 12353000000 CAD 2023-01-01 – 2023-12-31: 12353000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATURAL RESOURCES LTD · 2023-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Operating Cash Flow: 12353000000 CAD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 12353000000 CAD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741326000018/cnq-20251231.htm#2784616 Filing: 000101741326000018 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2024 2024-01-01 – 2024-12-31	Unavailable Not reported for this period.	CAD 13.39 billion Exact value Exact value: 13386000000 CAD 2024-01-01 – 2024-12-31: 13386000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATURAL RESOURCES LTD · 2024-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Operating Cash Flow: 13386000000 CAD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 13386000000 CAD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741326000018/cnq-20251231.htm#2783935 Filing: 000101741326000018 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2025 2025-01-01 – 2025-12-31	Unavailable Not reported for this period.	CAD 15.11 billion Exact value Exact value: 15106000000 CAD 2025-01-01 – 2025-12-31: 15106000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATURAL RESOURCES LTD · 2025-12-31 CANADIAN NATURAL RESOURCES LTD (edgar:1017413) Operating Cash Flow: 15106000000 CAD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T11:43:34Z Snapshot: 3b6726f905f6232608853fa1153e077b58adce59eab70d76a586a7e06da4ce4d Dimensions: Consolidated View: https://fundies.io/companies/edgar/1017413/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 15106000000 CAD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1017413/000101741326000018/cnq-20251231.htm#2783125 Filing: 000101741326000018 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

330 filings · 506 latest values · 506 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001017413, 1017413, CNQ, edgar:1017413

Also known as CANADIAN NATURAL RESOURCES LIMITED, CANADIAN NATURAL RESOURCES LTD, CANADIAN NATURAL RESOURCES Ltd

CANADIAN NATURAL RESOURCES LTD

Latest fiscal year

Revenue

Free cash flow margin

Operating cash flow

Free cash flow

Company performance

What changed year over year

Revenue

Operating cash flow

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation