CNQNYSECrude Petroleum & Natural GasFiscal year ends December 31
CANADIAN NATURAL RESOURCES Ltd
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Mar 26, 2026
$54.12+0.32 (+0.59%)
Close on Oct 19, 2026
CANADIAN NATURAL RESOURCES Ltd revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Segments | C$38.76B | C$35.66B | C$35.97B | C$42.30B | C$30.06B | C$16.89B | C$22.87B | C$21.03B | C$17.34B | C$11.43B | 100.0% | +8.7% |
| North America | C$18.95B | C$17.29B | C$17.32B | C$21.99B | C$15.39B | C$8.26B | C$9.84B | C$7.79B | C$8.35B | C$6.69B | 48.9% | +9.6% |
| Oil Sands Mining and Upgrading | C$17.45B | C$16.33B | C$16.30B | C$17.71B | C$13.03B | C$7.45B | C$10.87B | C$11.04B | C$6.91B | C$2.63B | 45.0% | +6.9% |
| Midstream and Refining | C$761.00M | C$895.00M | C$1.00B | C$986.00M | C$759.00M | C$285.00M | C$88.00M | C$102.00M | C$102.00M | – | 2.0% | -15.0% |
| North Sea | C$337.00M | C$477.00M | C$441.00M | C$635.00M | C$610.00M | C$431.00M | C$920.00M | C$891.00M | C$783.00M | C$569.00M | 0.9% | -29.4% |
| Offshore Africa | C$187.00M | C$456.00M | C$580.00M | C$686.00M | C$437.00M | C$362.00M | C$665.00M | C$647.00M | C$591.00M | C$577.00M | 0.5% | -59.0% |
| Midstream | – | – | – | – | – | – | – | C$102.00M | C$102.00M | C$114.00M | – | – |
By product or service
By region
From the segment and revenue-disaggregation notes of Canadian Natural Resources's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.