CANADIAN NATURAL RESOURCES Ltd (CNQ) operating KPIs
CNQNYSECrude Petroleum & Natural GasFiscal year ends December 31
$56.11+1.02 (+1.85%)
Close on Oct 30, 2026Market cap $116.80BP/E 15.2Yield –
KPIs
Operating metrics that drive Canadian Natural Resources's business · fiscal year ends December 31
The chart is empty. Tick the box next to any metric in the table below to plot it — tick several to compare them on one chart.
| Add to chart | Metric | Q2 2026 2026-06-30 | Q1 2026 2026-03-31 | Q4 2025 2025-12-31 | Q3 2025 2025-09-30 | Q2 2025 2025-06-30 | Q1 2025 2025-03-31 | Q4 2024 2024-12-31 | Q3 2024 2024-09-30 | Q2 2024 2024-06-30 | Q1 2024 2024-03-31 | Q4 2023 2023-12-31 | Q3 2023 2023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Daily Production — Before Royalties (BOE/d)3 | 1,676,754 | 1,643,160 | 1,658,681 | 1,620,261 | 1,420,358 | 1,582,348 | 1,470,428 | 1,363,086 | 1,285,798 | 1,333,502 | 1,419,313 | 1,393,614 | |
Total Crude Oil & NGLs Production — Before Royalties (bbl/d)3 | 1,248,889 | 1,198,079 | 1,215,364 | 1,175,604 | 1,019,149 | 1,173,804 | 1,090,002 | 1,021,572 | 934,066 | 975,668 | 1,047,541 | 1,035,153 | |
Oil Sands Mining & Upgrading — Synthetic Crude Oil (SCO: Horizon & AOSP, bbl/d) | 624,754 | 587,946 | 619,901 | 581,136 | 463,808 | 595,116 | 534,631 | 497,656 | 410,518 | 445,209 | 500,133 | 490,853 | |
North America E&P Crude Oil & NGLs (bbl/d)2 | 613,745 | 603,265 | 585,497 | 584,625 | 545,811 | 561,238 | 531,960 | 499,772 | 499,636 | 505,636 | 521,579 | 519,581 | |
Thermal In Situ Oil Sands Bitumen — Jackfish, Kirby, Primrose, Pike & Peace River (bbl/d) | 275,607 | 274,674 | 266,308 | 274,752 | 274,789 | 284,706 | 276,231 | 271,551 | 268,044 | 268,155 | 278,422 | 287,085 | |
North America Conventional Crude Oil & NGLs — Excl. Thermal In Situ (bbl/d)2 | 338,138 | 328,591 | 319,189 | 309,873 | 271,022 | 276,532 | 255,729 | 228,221 | 231,592 | 237,481 | 243,157 | 232,496 | |
Primary Heavy Crude Oil (bbl/d) | 89,444 | 93,824 | 90,900 | 87,705 | 87,288 | 85,604 | 82,125 | 76,808 | 79,141 | 78,431 | 80,095 | 76,377 | |
Pelican Lake Heavy Crude Oil — Polymer Flood (bbl/d) | 44,053 | 40,548 | 41,577 | 42,070 | 43,078 | 43,175 | 44,035 | 45,101 | 44,839 | 45,145 | 46,046 | 46,897 | |
International E&P Light Crude Oil (bbl/d)2 | 10,390 | 6,868 | 9,966 | 9,843 | 9,530 | 17,450 | 23,411 | 24,144 | 23,912 | 24,823 | 25,829 | 24,719 | |
North Sea Light Crude Oil (bbl/d) | 6,589 | 4,829 | 7,618 | 7,045 | 7,761 | 11,507 | 11,467 | 10,958 | 11,295 | 12,433 | 12,616 | 12,016 | |
Offshore Africa Light Crude Oil — Côte d'Ivoire Espoir & Baobab (bbl/d) | 3,801 | 2,039 | 2,348 | 2,798 | 1,769 | 5,943 | 11,944 | 13,186 | 12,617 | 12,390 | 13,213 | 12,703 | |
Total Natural Gas Production — Before Royalties (MMcf/d)2 | 2,567 | 2,670 | 2,660 | 2,668 | 2,407 | 2,451 | 2,283 | 2,049 | 2,110 | 2,147 | 2,231 | 2,151 | |
North America Natural Gas (MMcf/d) | 2,563 | 2,668 | 2,657 | 2,658 | 2,398 | 2,436 | 2,273 | 2,039 | 2,099 | 2,135 | 2,218 | 2,139 | |
International Natural Gas (MMcf/d)2 | 4 | 2 | 3 | 10 | 9 | 15 | 10 | 10 | 11 | 12 | 13 | 12 | |
North Sea Natural Gas (MMcf/d) | 2 | 2 | 3 | 2 | 3 | 4 | 4 | 1 | 2 | 1 | 2 | 1 | |
Offshore Africa Natural Gas (MMcf/d) | 2 | 0 | 0 | 8 | 6 | 11 | 6 | 9 | 9 | 11 | 11 | 11 | |
Total Corporate Sales Volumes — Before Royalties (BOE/d) | 1,672,106 | 1,649,558 | 1,672,708 | 1,606,723 | 1,423,321 | 1,599,487 | 1,460,909 | 1,342,508 | 1,280,416 | 1,327,762 | 1,422,198 | 1,388,033 | |
Total Daily Production — Net of Royalties (BOE/d)2 | 1,435,078 | 1,419,481 | 1,456,944 | 1,399,968 | 1,267,787 | 1,346,536 | 1,253,347 | 1,168,599 | 1,097,693 | 1,152,258 | 1,259,297 | 1,167,139 | |
Product Mix: Synthetic Crude Oil — SCO (% of BOE)(%)5 | 37.0% | 36.0% | 37.0% | 36.0% | 33.0% | 38.0% | 36.0% | 37.0% | 32.0% | 33.0% | 35.0% | 35.0% | |
Oil Sands Mining & Upgrading (SCO) Unit Production Expense (C$/bbl)($)11 | 22.19 | 23.73 | 21.84 | 21.29 | 26.53 | 21.88 | 20.97 | 20.67 | 25.95 | 24.85 | 20.96 | 22.12 | |
OSM Upgrader Utilization — incl. Turnarounds (%)(%) | 106.0% | 106.0% | 105.0% | 104.0% | 106.0% | 106.0% | |||||||
OSM SCO Sales Volumes — Before Royalties (bbl/d) | 623,486 | 594,042 | 624,125 | 579,209 | 463,586 | 602,048 | 528,248 | 491,635 | 398,528 | 453,794 | 491,339 | 492,926 | |
Realized SCO Sales Price (C$/bbl)($) | 126 | 89.68 | 75.90 | 87.85 | 87.22 | 95.52 | 95.08 | 101 | 109 | 88.84 | 98.73 | 109 | |
Bitumen Value for Provincial Royalty Purposes (C$/bbl)($) | 92.72 | 66.45 | 58.68 | 68.06 | 64.57 | 73.72 | 69.35 | 76.16 | 82.08 | 63.51 | 61.73 | 84.66 | |
Bitumen Royalties Unit Cost (C$/bbl)($) | 23.38 | 15.20 | 9.54 | 15.80 | 11.59 | 18.22 | 17.20 | 17.71 | 20.01 | 14.28 | 11.57 | 21.90 | |
SCO Transportation Expense (C$/bbl)($) | 2.57 | 2.60 | 2.56 | 3.86 | 3.73 | 3.21 | 3.60 | 3.34 | 2.81 | 1.67 | 1.85 | 2.18 | |
OSM Production Expense excl. Natural Gas Fuel (C$/bbl)($) | 21.52 | 22.70 | 21.03 | 20.93 | 25.71 | 20.95 | 20.39 | 20.27 | 25.29 | 23.64 | 20 | 21.22 | |
OSM Natural Gas Fuel Cost (C$/bbl)($) | 0.67 | 1.03 | 0.81 | 0.36 | 0.82 | 0.93 | 0.58 | 0.40 | 0.66 | 1.21 | 0.96 | 0.90 | |
OSM Depletion, Depreciation & Amortization (C$/bbl)($) | 13.11 | 13.50 | 13.26 | 13.38 | 14.96 | 12.45 | 12.76 | 12.27 | 15.37 | 12.70 | 12.25 | 11.62 | |
OSM Asset Retirement Obligation Accretion (C$/bbl)($) | 0.38 | 0.40 | 0.37 | 0.40 | 0.51 | 0.40 | 0.44 | 0.46 | 0.58 | 0.51 | 0.43 | 0.43 | |
OSM Total Production Expense (C$M)(M)2 | 1,259 | 1,269 | 1,253 | 1,135 | 1,120 | 1,185 | 1,019 | 935 | 941 | 1,026 | 947 | 1,003 | |
OSM Production Expense excl. Natural Gas (C$M)(M) | 1,221 | 1,214 | 1,207 | 1,116 | 1,085 | 1,135 | 991 | 917 | 917 | 976 | 904 | 962 | |
OSM Natural Gas Fuel Expense (C$M)(M) | 38 | 55 | 46 | 19 | 35 | 50 | 28 | 18 | 24 | 50 | 43 | 41 | |
Exploration & Production (E&P) Operating Netback (C$/BOE)($)8 | 38.45 | 28.15 | 22.48 | 21.90 | 24.70 | 28.62 | 25.10 | 24.83 | 28.58 | 22.87 | 26 | 33.37 | |
E&P Consolidated Realized Price — Before Transportation (C$/BOE)($) | 68.17 | 52.88 | 44.85 | 45.31 | 47.17 | 54.95 | 49.54 | 50.36 | 55.84 | 47.60 | 48.41 | 59.40 | |
Less: E&P Transportation Expense (C$/BOE)($) | 5.70 | 5.54 | 5.56 | 5.38 | 5.94 | 5.34 | 5.06 | 4.67 | 5.09 | 4.31 | 3.61 | 3.78 | |
E&P Realized Price — Net of Transportation (C$/BOE)($) | 62.47 | 47.34 | 39.29 | 39.93 | 41.23 | 49.61 | 44.48 | 45.69 | 50.75 | 43.29 | 44.80 | 55.62 | |
Less: E&P Royalties (C$/BOE)($) | 12.02 | 8.23 | 5.73 | 7.53 | 5.58 | 8.76 | 8.85 | 9.05 | 10.53 | 7.39 | 7.05 | 10.61 | |
Less: E&P Production Expense (C$/BOE)($) | 12 | 10.96 | 11.08 | 10.50 | 10.95 | 12.23 | 10.53 | 11.81 | 11.64 | 13.03 | 11.75 | 11.64 | |
E&P Depletion, Depreciation & Amortization (C$/BOE)($) | 12.09 | 12.12 | 12.98 | 13.08 | 12.94 | 13.27 | 13.01 | 13.27 | 12.77 | 12.64 | 12.46 | 12.22 | |
E&P Asset Retirement Obligation Accretion (C$/BOE)($) | 0.80 | 0.80 | 0.85 | 0.77 | 0.79 | 0.77 | 0.89 | 0.97 | 0.95 | 0.95 | 0.84 | 0.87 | |
Corporate Administration Expense (C$/BOE)($) | 1.04 | 1.04 | 1.04 | 1.03 | 1.17 | 1.06 | 0.95 | 1.02 | 1.06 | 1.04 | 0.91 | 0.84 | |
E&P Crude Oil & NGLs Operating Netback (C$/bbl)($)5 | 63.19 | 42.02 | 33.47 | 39.36 | 38.70 | 43.35 | 41.22 | 44.19 | 48.67 | 36.63 | 39.13 | 52.04 | |
E&P Liquids Realized Price — Before Transportation (C$/bbl)($)7 | 105 | 76.02 | 64.42 | 72.57 | 69.58 | 79.85 | 75.22 | 79.15 | 86.64 | 70.01 | 69.39 | 87.83 | |
North America Wellhead: Thermal In Situ Bitumen (C$/bbl)($) | 110 | 76.72 | 66.61 | 74.83 | 70.13 | 77.96 | 75.11 | ||||||
North America Wellhead: Primary Heavy Crude Oil (C$/bbl)($) | 109 | 76.54 | 65.69 | 75.55 | 72.88 | 81.76 | 78.34 | 83.56 | 91.27 | 74.37 | 72.90 | 93.80 | |
North America Wellhead: Pelican Lake Heavy Crude Oil (C$/bbl)($) | 109 | 78.70 | 66.75 | 75.94 | 73.94 | 83.57 | 79.88 | 84.02 | 92.42 | 74.69 | 73.47 | 93.19 | |
North America Wellhead: Light & Medium Crude Oil & NGLs (C$/bbl)($) | 95.30 | 73.85 | 58.26 | 66.29 | 63.96 | 76.47 | 68.63 | 67.58 | 74.90 | 66.68 | 69.42 | 72.07 | |
North America Total E&P Liquids Realized Price (C$/bbl)($) | 105 | 75.91 | 63.83 | 72.35 | 69.30 | 78.56 | 74.46 | 77.29 | 85.49 | 68.14 | 66.69 | 86.77 | |
International Total E&P Liquids Realized Price (C$/bbl)($) | 127 | 91.81 | 87.45 | 94.08 | 91 | 107 | 96.36 | 109 | 115 | 113 | 112 | 114 | |
North Sea Realized Crude Oil Price (C$/bbl)($) | 123 | 91.81 | 89.02 | 90.19 | 90.63 | 108 | 104 | 113 | 115 | 114 | 119 | 108 | |
Less: E&P Liquids Transportation (C$/bbl)($) | 7.14 | 7.05 | 7.14 | 6.93 | 7.65 | 6.40 | 6.08 | 5.26 | 5.98 | 4.63 | 3.83 | 4.07 | |
E&P Liquids Price — Net of Transportation (C$/bbl)($) | 97.97 | 68.97 | 57.28 | 65.64 | 61.93 | 73.45 | 69.14 | 73.89 | 80.66 | 65.38 | 65.56 | 83.76 | |
Less: E&P Liquids Royalties (C$/bbl)($)1 | 19.79 | 13.41 | 9.46 | 13.10 | 9.20 | 14.36 | 14.77 | 15.05 | 17.45 | 12.09 | 11.38 | 17.32 | |
North America Liquids Royalties (C$/bbl)($) | 20.07 | 13.51 | 9.67 | 13.21 | 9.31 | 14.94 | 15.22 | 15.72 | 18.06 | 12.52 | 11.72 | 17.79 | |
Less: E&P Liquids Production Expense (C$/bbl)($)6 | 14.99 | 13.54 | 14.35 | 13.18 | 14.03 | 15.74 | 13.15 | 14.65 | 14.54 | 16.66 | 15.05 | 14.40 | |
North America Total E&P Liquids Opex (C$/bbl)($) | 13.05 | 13.03 | 12.24 | 11.97 | 11.89 | 12.65 | 10.83 | 12.36 | 12.44 | 14.72 | 12.56 | 13.21 | |
Thermal In Situ Oil Sands Opex (C$/bbl)($) | 11.89 | 12.59 | 11.72 | 10.35 | 11.05 | 11.23 | 8.82 | 10.52 | 10.95 | 14.05 | 11.31 | 11.47 | |
Pelican Lake Polymer Flood Opex (C$/bbl)($) | 9.70 | 10.31 | 9.17 | 9 | 9.01 | 9.77 | 9.05 | 8.74 | 8.92 | 9.75 | 8.11 | 8.02 | |
Primary Heavy Crude Oil Opex (C$/bbl)($) | 17.73 | 16.13 | 14.87 | 16.46 | 17.44 | 18.13 | 17.13 | 18.69 | 17.59 | 19.16 | 18.28 | 19.68 | |
North Sea Liquids Opex (C$/bbl)($) | 140 | 85.18 | 115 | 189 | 187 | 118 | 119 | 121 | 96.07 | 85.58 | 92.28 | 83.44 | |
Offshore Africa Liquids Opex (C$/bbl)($) | 149 | 0 | 50.50 | 52.17 | 29.38 | 28.26 | 25.34 | 21.67 | 19.28 | 20.70 | 23.25 | 20.04 | |
E&P Natural Gas Operating Netback (C$/Mcf)($)5 | 0.10 | 1.35 | 1.14 | -0.26 | 0.80 | 1.19 | 0.27 | -0.66 | -0.27 | 0.51 | 1.04 | 0.91 | |
WCS Heavy Differential to WTI — Company Reported (US$/bbl)($)9 | 14.62 | 14.12 | 11.20 | 10.36 | 10.19 | 12.66 | 12.55 | 13.51 | 13.54 | 19.34 | 21.90 | 12.86 | |
Total Net Wells Drilled — excl. Stratigraphic / Service4 | 141 | 138 | 135 | 106 | 103 | 94 | 114 | 108 | 88 | 77 | 51 | 54 | |
Net Successful Crude Oil Wells Drilled1 | 118 | 113 | 114 | 89 | 81 | 74 | 100 | 83 | 63 | 61 | 42 | 44 | |
Thermal & In Situ Bitumen Net Wells Drilled | 38 | 31 | 25 | 11 | 24 | 18 | 16 | 25 | |||||
Net Successful Natural Gas Wells Drilled | 23 | 24 | 20 | 17 | 22 | 19 | 14 | 24 | 24 | 16 | 9 | 10 | |
Dry Net Wells Drilled | 0 | 1 | 1 | 0 | 0 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | |
Drilling Success Rate (%)(%) | 100.0% | 99.0% | 99.0% | 100.0% | 100.0% | 99.0% | 100.0% | 99.0% | 99.0% | 100.0% | 100.0% | 100.0% | |
Net Capital Expenditures (C$M)(M)6 | 2,405 | 2,028 | 1,237 | 2,124 | 1,915 | 1,303 | 10,348 | 1,349 | 1,621 | 1,113 | 975 | 1,108 | |
Net Capital Expenditures — excl. Net Acquisitions (C$M)(M) | 1,643 | 1,255 | 1,413 | 1,318 | 1,691 | 1,285 | 1,290 | ||||||
By Category: Total Exploration & Production Net CapEx (C$M)(M)2 | 1,901 | 1,674 | 970 | 1,701 | 1,210 | 966 | 3,719 | 966 | 844 | 746 | 549 | 676 | |
E&P Well Drilling, Completion & Equipping (C$M)(M) | 713 | 634 | 514 | 499 | 558 | 536 | 472 | 469 | 478 | 413 | 274 | 352 | |
E&P Production & Related Facilities (C$M)(M) | 405 | 379 | 398 | 365 | 407 | 390 | 341 | 387 | 353 | 255 | 251 | 301 | |
By Category: Total Oil Sands Mining & Upgrading Net CapEx (C$M)(M)3 | 490 | 342 | 232 | 403 | 678 | 319 | 6,615 | 372 | 764 | 353 | 415 | 424 | |
OSM Sustaining Capital (C$M)(M) | 404 | 285 | 340 | 312 | 406 | 216 | 357 | 302 | 526 | 281 | 320 | 286 | |
OSM Turnaround Costs (C$M)(M) | 22 | 11 | 8 | 13 | 174 | 46 | 16 | 12 | 114 | 11 | 17 | 18 | |
OSM Strategic & Project Development Costs (C$M)(M) | 61 | 44 | 92 | 76 | 96 | 55 | 66 | 55 | 123 | 62 | 78 | 112 | |
By Segment: North America E&P Net CapEx (C$M)(M)5 | 1,754 | 1,529 | 812 | 1,606 | 1,110 | 836 | 3,632 | 896 | 804 | 701 | 479 | 629 | |
Abandonment Expenditures (C$M)(M) | 182 | 247 | 201 | 189 | 193 | 188 | 151 | 204 | 129 | 162 | 149 | 123 | |
Total Capital & Abandonment Expenditures (C$M)(M) | 2,587 | 2,275 | 1,438 | 2,313 | 2,108 | 1,491 | 10,499 | 1,553 | 1,750 | 1,275 | 1,124 | 1,231 | |
NWRP Sturgeon Refinery Total Refined Product Output — Gross Facility (bbl/d)3 | |||||||||||||
NWRP Refined Product Sales & Other — CNQ Share (C$M)(M) | 346 | 277 | 206 | 106 | 137 | 221 | 193 | 191 | 215 | 214 | 236 | 237 | |
NWRP Bitumen Feedstock Costs — CNQ Share (C$M)(M) | 241 | 170 | 144 | 82 | 105 | 172 | 160 | 166 | 190 | 153 | |||
NWRP Refining Toll Expense — CNQ Share (C$M)(M) | 85 | 57 | 63 | 70 | 61 | 68 | 65 | 75 | 81 | 74 | 82 | 66 | |
Adjusted Funds Flow (C$M)(M)6 | 6,866 | 4,374 | 3,748 | 3,920 | 3,262 | 4,530 | 4,186 | 3,921 | 3,614 | 3,138 | 4,419 | 4,684 | |
Less: Common Share Dividends Paid (C$M)(M) | 1,304 | 1,224 | 1,226 | 1,228 | 1,233 | 1,184 | 1,110 | 1,118 | 1,125 | 1,076 | 980 | 984 | |
Free Cash Flow — Post-Dividend & CapEx (C$M)(M) | 2,975 | 875 | 1,084 | 379 | -79 | 1,855 | 1,635 | 1,250 | 739 | 787 | 2,495 | 2,681 | |
Adjusted Net Earnings from Operations (C$M)(M) | 4,568 | 2,446 | 1,711 | 1,801 | 1,496 | 2,436 | 1,977 | 2,071 | 1,892 | 1,474 | 2,546 | 2,850 | |
Long-Term Debt, Net of Cash (C$M)(M) | 14,526 | 16,153 | 15,944 | 17,155 | 16,979 | 17,335 | 18,688 | 9,308 | 9,234 | 10,273 | 9,922 | 11,519 | |
Debt to Book Capitalization (%)(%) | 23.7% | 26.6% | 26.4% | 29.8% | 29.1% | 30.0% | 32.1% | 18.9% | 19.0% | 20.6% | 19.9% | 22.5% | |
After-Tax Return on Average Common Equity / Capital Employed (%)(%) | 20.6% | 17.5% | 19.5% | 12.8% | 16.3% | 15.3% | 12.7% | 15.9% | 16.1% | 15.6% | 17.2% | 15.0% | |
Segmented Revenue — Net of Royalties, Total Segments (C$M)(M)5 | 14,741 | 10,810 | 9,609 | 9,516 | 8,698 | 10,939 | 9,468 | 8,893 | 9,051 | 8,244 | 9,553 | 9,895 | |
Oil Sands Mining & Upgrading: Segmented Net Revenue (C$M)(M)2 | 7,008 | 4,858 | 4,483 | 4,467 | 3,582 | 4,917 | 4,545 | 4,407 | 3,796 | 3,579 | 4,522 | 4,573 | |
Oil Sands Mining & Upgrading: Gross Product Sales before Royalties (C$M, Note 17)(M) | 8,334 | 5,671 | 5,032 | 5,309 | 4,071 | 5,904 | 5,381 | 5,208 | 4,521 | 4,169 | 5,045 | 5,566 | |
Oil Sands Mining & Upgrading: Royalties (C$M, Note 17)(M) | -1,326 | -813 | -549 | -842 | -489 | -987 | -836 | -801 | -725 | -590 | -523 | -993 | |
North America Exploration & Production: Segmented Net Revenue (C$M)(M)2 | 6,860 | 5,451 | 4,590 | 4,410 | 4,679 | 5,273 | 4,504 | 3,882 | 4,715 | 4,184 | 4,431 | 4,816 | |
North America Exploration & Production: Gross Product Sales before Royalties (C$M, Note 17)(M) | 8,006 | 6,232 | 5,141 | 5,120 | 5,166 | 6,054 | 5,260 | 4,578 | 5,556 | 4,767 | 5,016 | 5,679 | |
North America Exploration & Production: Royalties (C$M, Note 17)(M) | -1,146 | -781 | -551 | -710 | -487 | -781 | -756 | -696 | -841 | -583 | -585 | -863 | |
Midstream & Refining: Segmented Net Revenue (C$M)(M)2 | 369 | 300 | 229 | 130 | 159 | 243 | 214 | 211 | 236 | 234 | 256 | 257 | |
Midstream & Refining: Gross Product Sales before Royalties (C$M, Note 17)(M) | 369 | 300 | 229 | 130 | 159 | 243 | 214 | 211 | 236 | 234 | 256 | 257 | |
Midstream & Refining: Royalties (C$M, Note 17)(M) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
North Sea Exploration & Production: Segmented Net Revenue (C$M)(M)2 | 85 | 38 | 91 | 29 | 59 | 158 | 105 | 94 | 134 | 144 | 165 | 79 | |
North Sea Exploration & Production: Gross Product Sales before Royalties (C$M, Note 17)(M) | 85 | 38 | 91 | 30 | 59 | 158 | 105 | 94 | 135 | 144 | 165 | 79 | |
North Sea Exploration & Production: Royalties (C$M, Note 17)(M) | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | |
Offshore Africa Exploration & Production: Segmented Net Revenue (C$M)(M)2 | 27 | 0 | 32 | 29 | 11 | 115 | 72 | 205 | 89 | 90 | 173 | 140 | |
Offshore Africa Exploration & Production: Gross Product Sales before Royalties (C$M, Note 17)(M) | 28 | 0 | 33 | 30 | 12 | 120 | 76 | 216 | 93 | 95 | 191 | 151 | |
Offshore Africa Exploration & Production: Royalties (C$M, Note 17)(M) | -1 | 0 | -1 | -1 | -1 | -5 | -4 | -11 | -4 | -5 | -18 | -11 | |
Segmented Earnings / (Loss) Before Taxes — Total Segments (C$M)(M)5 | 6,315 | 3,152 | 7,111 | 1,137 | 2,298 | 3,478 | 2,761 | 2,903 | 2,668 | 2,170 | 2,989 | 3,928 | |
Oil Sands Mining & Upgrading: Segmented Earnings / (Loss) Before Taxes (C$M)(M)3 | 3,832 | 1,964 | 6,692 | 1,818 | 1,309 | 2,158 | 1,970 | 2,101 | 1,594 | 1,440 | 2,339 | 2,255 | |
Oil Sands Mining & Upgrading: Production Expense (C$M, Note 17)(M) | 1,259 | 1,269 | 1,253 | 1,135 | 1,120 | 1,185 | 1,019 | 935 | 941 | 1,026 | 947 | 1,003 | |
Oil Sands Mining & Upgrading: Blending & Feedstock Costs (C$M, Note 17)(M) | 1,005 | 743 | 597 | 573 | 345 | 703 | 741 | 643 | 579 | 499 | |||
Oil Sands Mining & Upgrading: Transportation Expense (C$M, Note 17)(M) | 146 | 139 | 147 | 206 | 157 | 174 | 174 | 151 | 103 | 69 | |||
North America Exploration & Production: Segmented Earnings / (Loss) Before Taxes (C$M)(M)3 | 2,517 | 1,170 | 988 | 699 | 1,154 | 1,379 | 1,068 | 813 | 1,188 | 714 | 1,035 | 1,619 | |
North America Exploration & Production: Production Expense (C$M, Note 17)(M) | 1,018 | 1,006 | 930 | 914 | 829 | 894 | 759 | 777 | 804 | 909 | 830 | 867 | |
North America Exploration & Production: Blending & Feedstock Costs (C$M, Note 17)(M) | 1,598 | 1,248 | 951 | 883 | 1,119 | 1,391 | 1,177 | 946 | 1,303 | 1,217 | |||
North America Exploration & Production: Transportation Expense (C$M, Note 17)(M) | 539 | 524 | 531 | 507 | 518 | 476 | 432 | 363 | 404 | 342 | |||
Midstream & Refining: Segmented Earnings / (Loss) Before Taxes (C$M)(M)3 | 26 | 59 | 9 | -37 | -47 | -10 | -23 | -41 | -50 | -7 | -3 | -4 | |
Midstream & Refining: Production Expense (C$M, Note 17)(M) | 93 | 63 | 68 | 77 | 66 | 73 | 70 | 78 | 88 | 79 | 89 | 74 | |
Midstream & Refining: Blending & Feedstock Costs (C$M, Note 17)(M) | 241 | 170 | 144 | 82 | 105 | 172 | 160 | 166 | 190 | 153 | |||
Midstream & Refining: Transportation Expense (C$M, Note 17)(M) | 4 | 4 | 4 | 3 | 31 | 4 | 4 | 3 | 4 | 5 | |||
North Sea Exploration & Production: Segmented Earnings / (Loss) Before Taxes (C$M)(M)3 | -43 | -25 | -269 | -1,334 | -107 | -69 | -255 | -43 | -23 | 4 | -443 | -6 | |
North Sea Exploration & Production: Production Expense (C$M, Note 17)(M) | 96 | 35 | 118 | 63 | 118 | 170 | 121 | 101 | 112 | 106 | 129 | 61 | |
North Sea Exploration & Production: Blending & Feedstock Costs (C$M, Note 17)(M) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
North Sea Exploration & Production: Transportation Expense (C$M, Note 17)(M) | 5 | 2 | 4 | 2 | 1 | 3 | 1 | 3 | 5 | 1 | |||
Offshore Africa Exploration & Production: Segmented Earnings / (Loss) Before Taxes (C$M)(M)3 | -17 | -16 | -331 | -9 | -12 | 19 | -1 | 61 | -40 | 20 | 58 | 60 | |
Offshore Africa Exploration & Production: Production Expense (C$M, Note 17)(M) | 31 | 0 | 21 | 15 | 8 | 35 | 23 | 46 | 19 | 21 | 47 | 30 | |
Offshore Africa Exploration & Production: Blending & Feedstock Costs (C$M, Note 17)(M) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
Offshore Africa Exploration & Production: Transportation Expense (C$M, Note 17)(M) | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | |||
Segmented Depletion, Depreciation & Amortization — Total Segments (C$M)(M)5 | 1,902 | 1,877 | 2,538 | 3,211 | 1,765 | 1,870 | 1,901 | 1,598 | 1,649 | 1,533 | 2,061 | 1,537 | |
Consolidated Revenue — Net of Royalties (C$M, PostgreSQL DB + 6-K)(M)4 | 14,741 | 10,810 | 9,609 | 9,516 | 8,698 | 10,939 | 9,468 | 8,893 | 9,051 | 8,244 | 9,553 | 9,895 | |
Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).
Methodology and excluded metrics
- Canadian Natural Resources Limited (TSX / NYSE: CNQ) reports under IFRS in Canadian dollars (C$). Its latest reported quarter is Q2 2026 (ended June 30, 2026) and latest completed fiscal year is FY2025; the 2026 annual column holds CNQ's official 2026 Budget production/capital guidance (Form 6-K filed December 16, 2025) and 2026 TSX Normal Course Issuer Bid share repurchase limit.
- Leading monthly regulatory operations come directly from the Alberta Energy Regulator (AER): ST39 Mineable Oil Sands Plant Statistics through July 2026 (Horizon Oil Sands, AOSP Muskeg River & Jackpine Mines, and NWRP Sturgeon Refinery) and ST53 In Situ Thermal & Polymer Production Summary through August 2026 (Jackfish, Primrose & Wolf Lake, Kirby, Pike 1, Peace River, and Pelican Lake), providing plant-level Q3 2026 visibility ahead of quarterly SEC filings.
- On November 1, 2025, Canadian Natural closed the AOSP asset swap with Shell Canada, acquiring the remaining 10% working interest in the Albian oil sands mines (bringing CNQ to 100% ownership and operatorship of both Horizon and Albian mines) in exchange for a 10% working interest in the Scotford Upgrader and Quest CCS (retaining an 80% non-operated interest in Scotford Upgrader).
- Because CNQ files quarterly interim reports on SEC Form 6-K HTML without inline XBRL, PostgreSQL DB contains only annual FY2015–FY2025 income, cash-flow, and segment records; Group 8 seamlessly pairs annual PostgreSQL DB series with 28–39 quarters of Form 6-K Note 17 segmented disclosures.
- Canadian IFRS consolidated filings do not publish standalone parent-only financial statements, and CNQ has no separately listed operating subsidiary, so consolidated − standalone parent subtraction is not applicable.
- In its 2023–2025 Stewardship Reports, Canadian Natural paused public disclosure of GHG Scope 1/2 emissions, intensity, methane, and spill series citing legal uncertainty under the June 2024 amendments to the Competition Act (Canada) (Bill C-59); those discontinued series (ending FY2022) are automatically placed in `excluded` per the continuity rule.
- All values are exact published figures from SEC filings, CNQ IR/ESTMA/Stewardship reports, AER, or FRED, with zero custom ratio or unit-conversion formulas.
Not shown because recent periods are missing (9)
- Realized Pricing, Unit Operating Costs & Operating Netbacks › E&P Crude Oil & NGLs Operating Netback (C$/bbl) › E&P Liquids Realized Price — Before Transportation (C$/bbl) › Offshore Africa Realized Crude Oil Price (C$/bbl)
- Realized Pricing, Unit Operating Costs & Operating Netbacks › E&P Natural Gas Operating Netback (C$/Mcf) › E&P Natural Gas Realized Price — Before Transportation (C$/Mcf) › Offshore Africa Natural Gas Realized Price (C$/Mcf)
- Drilling Activity, Capital Allocation, NWRP Refining & Free Cash Flow › NWRP Sturgeon Refinery Total Refined Product Output — Gross Facility (bbl/d)
- Oil & Gas Reserves (NI 51-101 1P/2P & U.S. ASC 932), NPV10, Land & Wells › Total Producing Oil & Gas Wells — Gross (Form 40-F AIF) › Unproved Landholdings — Net (thousand acres) › Côte d'Ivoire Unproved Landholdings — Net (thousand acres)
- Sustainability, Safety, Land Reclamation & Government Payments (ESTMA / Form SD) › Scope 1 Direct GHG Emissions (MtCO2e, discontinued post-2022 Bill C-59)
- Sustainability, Safety, Land Reclamation & Government Payments (ESTMA / Form SD) › Scope 2 Indirect GHG Emissions (MtCO2e, discontinued post-2022 Bill C-59)
- Sustainability, Safety, Land Reclamation & Government Payments (ESTMA / Form SD) › Corporate Net GHG Emissions Intensity (tCO2e/BOE, discontinued post-2022 Bill C-59)
- Sustainability, Safety, Land Reclamation & Government Payments (ESTMA / Form SD) › North America E&P Methane Emissions (MtCO2e, discontinued post-2022 Bill C-59)
- Sustainability, Safety, Land Reclamation & Government Payments (ESTMA / Form SD) › Reportable Spills Count (discontinued post-2022 Bill C-59)
Data updated 2026-10-31.
Every KPI on its own page
Full history, chart, sources and a citation for each metric
Daily Production (Before & Net of Royalties), Product Mix & Guidance
- Total Daily Production — Before Royalties (BOE/d)39 periods
- Total Daily Production — Net of Royalties (BOE/d)39 periods
- Product Mix: Synthetic Crude Oil — SCO (% of BOE) (%)39 periods
- Canadian Basin: Northern Plains Crude Oil, Bitumen & NGLs (bbl/d, AIF)10 periods
- Initial Annual Production Guidance — Low Bound (MBOE/d, Budget 6-K)8 periods
Realized Pricing, Unit Operating Costs & Operating Netbacks
- Oil Sands Mining & Upgrading (SCO) Unit Production Expense (C$/bbl) ($)22 periods
- Exploration & Production (E&P) Operating Netback (C$/BOE) ($)39 periods
- E&P Crude Oil & NGLs Operating Netback (C$/bbl) ($)39 periods
- E&P Natural Gas Operating Netback (C$/Mcf) ($)37 periods
- WCS Heavy Differential to WTI — Company Reported (US$/bbl) ($)27 periods
Alberta Energy Regulator (AER) Monthly Facility Operations — Leading Q3 2026 Data
- Horizon Oil Sands (100% CNQ): Synthetic Crude Oil Produced (m³/month, AER ST39)79 periods
- AOSP Muskeg River Mine (100% CNQ): Cleaned Bitumen Produced (m³/month, AER ST39)79 periods
- AOSP Jackpine Mine (100% CNQ): Cleaned Bitumen Produced (m³/month, AER ST39)79 periods
- NWRP Sturgeon Refinery (50% CNQ, Gross Facility): Refined Products / SCO Produced (m³/month, AER ST39)79 periods
- Jackfish SAGD (Approval 10097, Athabasca): Daily Bitumen / Heavy Oil Rate (m³/d, AER ST53)116 periods
- Primrose & Wolf Lake CSS (Approval 9140, Cold Lake): Daily Bitumen / Heavy Oil Rate (m³/d, AER ST53)116 periods
- Kirby North & South SAGD (Approval 11475, Athabasca): Daily Bitumen / Heavy Oil Rate (m³/d, AER ST53)116 periods
- Pike 1 SAGD (Approval 12301, Ramped 2025–2026): Daily Bitumen / Heavy Oil Rate (m³/d, AER ST53)20 periods
- Peace River CSS (Approval 8143, Peace River): Daily Bitumen / Heavy Oil Rate (m³/d, AER ST53)116 periods
- Pelican Lake Polymer Flood EOR (Approval 9404): Daily Bitumen / Heavy Oil Rate (m³/d, AER ST53)116 periods
Drilling Activity, Capital Allocation, NWRP Refining & Free Cash Flow
Oil & Gas Reserves (NI 51-101 1P/2P & U.S. ASC 932), NPV10, Land & Wells
- NI 51-101 Company Gross 2P (Proved + Probable) Reserves (MMBOE)9 periods
- NI 51-101 Company Gross 1P (Total Proved) Reserves (MMBOE)9 periods
- NI 51-101 Company Net 2P Reserves — After Royalties (MMBOE)9 periods
- NI 51-101 Future Net Revenue NPV10 — 2P Before Income Taxes (C$M) (M)9 periods
- U.S. ASC 932 Standardized Measure of Discounted Future Net Cash Flows (C$M) (M)11 periods
- Total Producing Oil & Gas Wells — Gross (Form 40-F AIF)6 periods
Sustainability, Safety, Land Reclamation & Government Payments (ESTMA / Form SD)
- Total Permanent Full-Time Equivalent Employees10 periods
- Corporate Total Recordable Injury Frequency — TRIF (per 200,000 exposure hours) (×)10 periods
- Inactive Wells Abandoned / Decommissioned (Form 40-F AIF)6 periods
- Payments to Goods & Services Suppliers (C$M) (M)10 periods
- Total Resource Extraction Payments to Governments (C$M, SEC Form SD XBRL) (M)3 periods
External Commodity, Refining & FX Monthly Benchmarks (FRED)
- WTI Crude Oil Spot Price — Cushing, OK (US$/bbl, U.S. EIA) ($)129 periods
- Brent Crude Oil Spot Price — Europe (US$/bbl, U.S. EIA) ($)129 periods
- Canada / U.S. Spot Exchange Rate (CAD per US$1.00, Federal Reserve) (×)130 periods
- Henry Hub Natural Gas Spot Price (US$/MMBtu, U.S. EIA) ($)129 periods
- European Natural Gas Benchmark — TTF (US$/MMBtu, IMF) ($)129 periods
- Asia LNG Benchmark — Japan/Korea Marker (US$/MMBtu, IMF) ($)129 periods
- U.S. No. 2 Diesel Retail Price (US$/gal, U.S. EIA) ($)130 periods
- U.S. Regular Retail Gasoline Price (US$/gal, U.S. EIA) ($)130 periods
- U.S. Industrial Production: Oil & Gas Extraction (2017=100, Fed G.17) (×)129 periods
- U.S. Industrial Production: Drilling Oil & Gas Wells (2017=100, Fed G.17) (×)129 periods
- U.S. Industrial Production: Petroleum Refineries (2017=100, Fed G.17) (×)129 periods
- U.S. Capacity Utilization: Oil & Gas Extraction (%, Fed G.17) (%)129 periods
- U.S. PPI: Refined Petroleum Products (1982=100, BLS) (×)129 periods
- U.S. PPI: Petrochemical Manufacturing (Dec 2003=100, BLS) (×)129 periods
Segmented & Consolidated Financial Context (PostgreSQL DB + Form 6-K Note 17)
- Segmented Revenue — Net of Royalties, Total Segments (C$M) (M)28 periods
- Segmented Earnings / (Loss) Before Taxes — Total Segments (C$M) (M)28 periods
- Segmented Depletion, Depreciation & Amortization — Total Segments (C$M) (M)28 periods
- Consolidated Total Assets (C$M, PostgreSQL DB) (M)10 periods
- Consolidated Revenue — Net of Royalties (C$M, PostgreSQL DB + 6-K) (M)28 periods