CANADIAN NATURAL RESOURCES Ltd
Close on Nov 2, 2026Market cap $111.66BP/E 14.5Yield –
Canadian Natural Resources Oil Sands Mining & Upgrading Unit Production Expense by Quarter
Oil Sands Mining & Upgrading (SCO) Unit Production Expense (C$/bbl) ($)
Canadian Natural Resources Oil Sands Mining & Upgrading Unit Production Expense: $22.19 in Q2 2026, down 16.4% from a year earlier.
Where the Q2 2026 figure comes from
“|| Production expense (3) | $ | 22.19 | $ | 23.73 | $ | 26.53 | $ | 22.94 | $ | 23.91”
Source: Canadian Natural Form 6-K, filed 2026-08-06 ↗
Industry-leading non-declining mining & upgrading unit operating costs across Horizon & AOSP (C$22.19/bbl in Q2 2026 at 106% upgrader utilization).
Quarterly history
Hover a value to see the sentence it was read from; calculated values show their formula
Breakdown
What makes up oil Sands Mining & Upgrading Unit Production Expense
- OSM Upgrader Utilization — incl. Turnarounds (%)106.0% · Q2 2026
- OSM SCO Sales Volumes — Before Royalties (bbl/d)623,486 · Q2 2026
- Realized SCO Sales Price (C$/bbl)126 · Q2 2026
- Bitumen Value for Provincial Royalty Purposes (C$/bbl)92.72 · Q2 2026
- Bitumen Royalties Unit Cost (C$/bbl)23.38 · Q2 2026
- SCO Transportation Expense (C$/bbl)2.57 · Q2 2026
- OSM Production Expense excl. Natural Gas Fuel (C$/bbl)21.52 · Q2 2026
- OSM Natural Gas Fuel Cost (C$/bbl)0.67 · Q2 2026
- OSM SCO Operating Netback — Annual (C$/bbl, Form 40-F AIF)–
- OSM Depletion, Depreciation & Amortization (C$/bbl)13.11 · Q2 2026
- OSM Asset Retirement Obligation Accretion (C$/bbl)0.38 · Q2 2026
- OSM Total Production Expense (C$M)1,259 · Q2 2026
Cite this data
StockData. (2026). Canadian Natural Resources Oil Sands Mining & Upgrading Unit Production Expense ($), quarterly Q1 2021–Q2 2026 [Data set]. Compiled from Canadian Natural Resources SEC filings and investor materials. https://stockdatahq.com/stocks/cnq/kpis/osm-opex-total-cad-bbl
See every metric in the Canadian Natural Resources KPI table. Data updated Oct 31, 2026.