CANADIAN NATURAL RESOURCES Ltd
Close on Nov 2, 2026Market cap $111.66BP/E 14.5Yield –
Canadian Natural Resources Annual Sub-Product Netback: Thermal In Situ Bitumen by Year
Annual Sub-Product Netback: Thermal In Situ Bitumen (C$/bbl, AIF) ($)
Canadian Natural Resources Annual Sub-Product Netback: Thermal In Situ Bitumen: $38.26 in 2025, down 8.6% from a year earlier.
Where the 2025 figure comes from
“|| Netback | $ | 41.67 | $ | 39.81 | $ | 38.90 | $ | 32.49 | $ | 38.26”
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Annual Sub-Product Netback: Thermal In Situ Bitumen (C$/bbl, AIF) ($) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 38.26 | -8.6% | Canadian Natural Form 40-F, filed 2026-03-26 ↗ |
| 2024 | Dec 31, 2024 | 41.87 | +12.1% | Canadian Natural Form 40-F, filed 2025-03-26 ↗ |
| 2023 | Dec 31, 2023 | 37.36 | -17.6% | Canadian Natural Form 40-F, filed 2024-03-20 ↗ |
| 2022 | Dec 31, 2022 | 45.33 | +25.9% | Canadian Natural Form 40-F, filed 2023-03-23 ↗ |
| 2021 | Dec 31, 2021 | 36.01 | – | Canadian Natural Form 40-F, filed 2022-03-23 ↗ |
Breakdown
What makes up annual Sub-Product Netback: Thermal In Situ Bitumen
- Annual Netback: NA Light & Medium Crude Oil (C$/bbl, AIF)44.52 · 2025
- Annual Netback: NA Natural Gas Liquids (C$/bbl, AIF)39.68 · 2025
- Annual Netback: Pelican Lake Heavy Crude (C$/bbl, AIF)43.90 · 2025
- Annual Netback: Primary Heavy Crude Oil (C$/bbl, AIF)39.53 · 2025
- Annual Netback: North Sea Light Crude Oil (C$/bbl, AIF)-42.40 · 2025
- Annual Netback: Offshore Africa Light Crude Oil (C$/bbl, AIF)58.57 · 2025
Cite this data
StockData. (2026). Canadian Natural Resources Annual Sub-Product Netback: Thermal In Situ Bitumen ($), annual 2021–2025 [Data set]. Compiled from Canadian Natural Resources SEC filings and investor materials. https://stockdatahq.com/stocks/cnq/kpis/aif-na-thermal-bitumen-netback
See every metric in the Canadian Natural Resources KPI table. Data updated Oct 31, 2026.