CANADIAN NATURAL RESOURCES Ltd
Close on Nov 2, 2026Market cap $111.66BP/E 14.5Yield –
Canadian Natural Resources U.S. ASC 932 Standardized Measure of Discounted Future by Year
U.S. ASC 932 Standardized Measure of Discounted Future Net Cash Flows (C$M) (M)
Canadian Natural Resources U.S. ASC 932 Standardized Measure of Discounted Future: 104,988M in 2025, down 6.4% from a year earlier.
Where the 2025 figure comes from
“|| Standardized measure of future net cash flows (1) | $ | 104,113 | $ | — | $ | 875 | $ | 104,988”
Source: Canadian Natural Form 40-F, filed 2026-03-26 ↗
Computed under U.S. SEC 12-month first-day-of-month unweighted constant pricing (Form 40-F Exhibit 99.4).
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | U.S. ASC 932 Standardized Measure of Discounted Future Net Cash Flows (C$M) (M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 104,988 | -6.4% | Canadian Natural Form 40-F, filed 2026-03-26 ↗ |
| 2024 | Dec 31, 2024 | 112,158 | +3.1% | Canadian Natural Form 40-F, filed 2026-03-26 ↗ |
| 2023 | Dec 31, 2023 | 108,736 | -20.6% | Canadian Natural Form 40-F, filed 2026-03-26 ↗ |
| 2022 | Dec 31, 2022 | 136,998 | +65.5% | Canadian Natural Form 40-F, filed 2025-03-26 ↗ |
| 2021 | Dec 31, 2021 | 82,784 | +200.9% | Canadian Natural Form 40-F, filed 2024-03-20 ↗ |
| 2020 | Dec 31, 2020 | 27,511 | -56.7% | Canadian Natural Form 40-F, filed 2023-03-23 ↗ |
| 2019 | Dec 31, 2019 | 63,525 | +5.3% | Canadian Natural Form 40-F, filed 2022-03-23 ↗ |
| 2018 | Dec 31, 2018 | 60,326 | +28.6% | Canadian Natural Form 40-F, filed 2021-03-24 ↗ |
| 2017 | Dec 31, 2017 | 46,905 | +92.9% | Canadian Natural Form 40-F, filed 2020-03-27 ↗ |
| 2016 | Dec 31, 2016 | 24,315 | -11.7% | Canadian Natural Form 40-F, filed 2019-03-27 ↗ |
| 2015 | Dec 31, 2015 | 27,536 | – | Canadian Natural Form 40-F, filed 2018-03-22 ↗ |
Breakdown
What makes up U.S. ASC 932 Standardized Measure of Discounted Future
- ASC 932 Standardized Measure — North America (C$M)104,113 · 2025
- Future Cash Inflows (C$M)837,741 · 2025
- Future Production Costs (C$M)-297,915 · 2025
- Future Development & Asset Retirement Costs (C$M)-95,878 · 2025
- Future Income Tax Expenses (C$M)-97,548 · 2025
- Future Net Cash Flows — Undiscounted (C$M)346,400 · 2025
- 10% Annual Discount for Timing of Cash Flows (C$M)-241,412 · 2025
- ASC 932 Net Proved Crude Oil, Bitumen, SCO & NGLs Reserves (MMbbl)10,465 · 2025
- ASC 932 Net Proved Natural Gas Reserves (Bcf)13,712 · 2025
- ASC 932 Net Capitalized Oil & Gas Property Costs (C$M)79,841 · 2025
- ASC 932 Total Oil & Gas Costs Incurred (C$M)10,404 · 2025
- ASC 932 After-Tax Results of Oil & Gas Producing Operations (C$M)7,356 · 2025
Cite this data
StockData. (2026). Canadian Natural Resources U.S. ASC 932 Standardized Measure of Discounted Future (M), annual 2015–2025 [Data set]. Compiled from Canadian Natural Resources SEC filings and investor materials. https://stockdatahq.com/stocks/cnq/kpis/asc932-sm-total-cad-m
See every metric in the Canadian Natural Resources KPI table. Data updated Oct 31, 2026.