CANADIAN NATURAL RESOURCES Ltd
Close on Nov 2, 2026Market cap $111.66BP/E 14.5Yield –
Canadian Natural Resources E&P Crude Oil & NGLs Operating Netback (C$/bbl) by Year
E&P Crude Oil & NGLs Operating Netback (C$/bbl) ($)
Canadian Natural Resources E&P Crude Oil & NGLs Operating Netback (C$/bbl): $38.66 in 2025, down 9.4% from a year earlier.
Where the 2025 figure comes from
“|| Netback (2) | $ | 33.47 | $ | 39.36 | $ | 41.22 | $ | 38.66 | $ | 42.69”
Source: Canadian Natural Form 6-K, filed 2026-03-06 ↗
Reported in SEC Form 6-K & Form 40-F.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | E&P Crude Oil & NGLs Operating Netback (C$/bbl) ($) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 38.66 | -9.4% | Canadian Natural Form 6-K, filed 2026-03-06 ↗ |
| 2024 | Dec 31, 2024 | 42.69 | +8.2% | Canadian Natural Form 6-K, filed 2026-03-06 ↗ |
| 2023 | Dec 31, 2023 | 39.46 | -20.2% | Canadian Natural Form 6-K, filed 2025-03-06 ↗ |
| 2022 | Dec 31, 2022 | 49.43 | +35.2% | Canadian Natural Form 6-K, filed 2024-02-29 ↗ |
| 2021 | Dec 31, 2021 | 36.55 | +180.3% | Canadian Natural Form 6-K, filed 2023-03-02 ↗ |
| 2020 | Dec 31, 2020 | 13.04 | -58.9% | Canadian Natural Form 6-K, filed 2022-03-03 ↗ |
| 2019 | Dec 31, 2019 | 31.71 | +37.5% | Canadian Natural Form 6-K, filed 2021-03-04 ↗ |
| 2018 | Dec 31, 2018 | 23.07 | -10.0% | Canadian Natural Form 6-K, filed 2020-03-05 ↗ |
| 2017 | Dec 31, 2017 | 25.64 | +52.4% | Canadian Natural Form 40-F, filed 2018-03-22 ↗ |
| 2016 | Dec 31, 2016 | 16.82 | -9.0% | Canadian Natural Form 40-F, filed 2018-03-22 ↗ |
| 2015 | Dec 31, 2015 | 18.49 | – | Canadian Natural Form 40-F, filed 2018-03-22 ↗ |
Breakdown
What makes up E&P Crude Oil & NGLs Operating Netback (C$/bbl)
- E&P Liquids Realized Price — Before Transportation (C$/bbl)71.54 · 2025
- Less: E&P Liquids Transportation (C$/bbl)7.02 · 2025
- E&P Liquids Price — Net of Transportation (C$/bbl)64.52 · 2025
- Less: E&P Liquids Royalties (C$/bbl)11.53 · 2025
- Less: E&P Liquids Production Expense (C$/bbl)14.33 · 2025
- Annual Sub-Product Netback: Thermal In Situ Bitumen (C$/bbl, AIF)38.26 · 2025
Cite this data
StockData. (2026). Canadian Natural Resources E&P Crude Oil & NGLs Operating Netback (C$/bbl) ($), annual 2015–2025 [Data set]. Compiled from Canadian Natural Resources SEC filings and investor materials. https://stockdatahq.com/stocks/cnq/kpis/ep-liquids-netback
See every metric in the Canadian Natural Resources KPI table. Data updated Oct 31, 2026.