CANADIAN NATURAL RESOURCES Ltd
CNQNYSECrude Petroleum & Natural GasFiscal year ends December 31
$53.64−2.47 (-4.40%)
Close on Nov 2, 2026Market cap $111.66BP/E 14.5Yield –
Canadian Natural Resources After-Tax Return on Average Common Equity / Capital by Year
After-Tax Return on Average Common Equity / Capital Employed (%) (%)
Canadian Natural Resources After-Tax Return on Average Common Equity / Capital: 20.0% in 2025, up 7.0 pts from a year earlier.
Latest, 2025
20.0%
Period ended Dec 31, 2025
Change on a year earlier
+7.0 pts
13.0% in 2024
History
11 years
Since 2015
Sources
9
Documents cited below
Where the 2025 figure comes from
“|| After-tax return on average capital employed (3) | 20% | 13% | 17%”
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | After-Tax Return on Average Common Equity / Capital Employed (%) (%) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 20.0% | +7.0 pts | Canadian Natural Form 40-F, filed 2026-03-26 ↗ |
| 2024 | Dec 31, 2024 | 13.0% | -4.0 pts | Canadian Natural Form 40-F, filed 2026-03-26 ↗ |
| 2023 | Dec 31, 2023 | 17.0% | -5.0 pts | Canadian Natural Form 40-F, filed 2026-03-26 ↗ |
| 2022 | Dec 31, 2022 | 22.0% | +6.0 pts | Canadian Natural Form 40-F, filed 2025-03-26 ↗ |
| 2021 | Dec 31, 2021 | 16.0% | +15.8 pts | Canadian Natural Form 40-F, filed 2024-03-20 ↗ |
| 2020 | Dec 31, 2020 | 0.2% | -10.8 pts | Canadian Natural Form 6-K, filed 2022-03-03 ↗ |
| 2019 | Dec 31, 2019 | 11.0% | +5.0 pts | Canadian Natural Form 40-F, filed 2022-03-23 ↗ |
| 2018 | Dec 31, 2018 | 6.0% | 0.0 pts | Canadian Natural Form 40-F, filed 2021-03-24 ↗ |
| 2017 | Dec 31, 2017 | 6.0% | +6.0 pts | Canadian Natural Form 40-F, filed 2020-03-27 ↗ |
| 2016 | Dec 31, 2016 | 0.0% | +1.0 pts | Canadian Natural Form 40-F, filed 2019-03-27 ↗ |
| 2015 | Dec 31, 2015 | -1.0% | – | Canadian Natural Form 40-F, filed 2018-03-22 ↗ |
Cite this data
StockData. (2026). Canadian Natural Resources After-Tax Return on Average Common Equity / Capital (%), annual 2015–2025 [Data set]. Compiled from Canadian Natural Resources SEC filings and investor materials. https://stockdatahq.com/stocks/cnq/kpis/fin-roce-after-tax-pct
See every metric in the Canadian Natural Resources KPI table. Data updated Oct 31, 2026.