Canadian Natural Resources (CNQ) Capital Expenditures (2010 - 2025)
Canadian Natural Resources (CNQ) reported Capital Expenditures of $1.68 billion for the quarter ended Sep 30, 2025, up 47.6% from $1.14 billion a year earlier and up 10.5% from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) Capital Expenditures (2010 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2025, Canadian Natural Resources' Capital Expenditures came in at $11.76 billion, up 169.0% year-over-year; for the year ended Dec 31, 2024, it came in at $7.67 billion.
- Capital Expenditures has a five-year compound annual growth rate of 7.4% (years ended Dec 2019 to Dec 2024).
- By year, Capital Expenditures came in at $2.39 billion in the year ended Dec 31, 2020 (-55.4%).
- Five-year quarterly Capital Expenditures spans a low of $902.06 million in the quarter ended Dec 31, 2020 and a high of $7.52 billion in the quarter ended Dec 31, 2024.
- Per Business Quant data, the three quarters before the quarter ended Sep 30, 2025 came in at $1.52 billion (quarter ended Jun 30, 2025), $1.04 billion (quarter ended Mar 31, 2025) and $7.52 billion (quarter ended Dec 31, 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | -4.24 Bn |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 4.54 Bn |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | -5.25 Bn |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | - |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 3.02 Bn |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 2.87 Bn |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 726.00 Mn |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | - |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 1.35 Bn |
| 10 | Eog Resources | 72.25 Bn | 56.57 Bn | - | 1.64 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 1.68 Bn |
| Jun 30, 2025 | 1.52 Bn |
| Mar 31, 2025 | 1.04 Bn |
| Dec 31, 2024 | 7.52 Bn |
| Sep 30, 2024 | 1.14 Bn |
| Mar 31, 2024 | 946.19 Mn |
| Jun 30, 2022 | 1.14 Bn |
| Mar 31, 2022 | 1.15 Bn |
| Jun 30, 2021 | 1.05 Bn |
| Dec 31, 2020 | 902.06 Mn |
| Sep 30, 2020 | 578.58 Mn |
| Jun 30, 2020 | 303.63 Mn |
| Mar 31, 2020 | 625.06 Mn |
| Dec 31, 2019 | 799.92 Mn |
| Sep 30, 2019 | 729.60 Mn |
| Jun 30, 2019 | 3.08 Bn |
| Mar 31, 2019 | 734.64 Mn |
| Dec 31, 2018 | 894.75 Mn |
| Sep 30, 2018 | 1.13 Bn |
| Mar 31, 2018 | 872.70 Mn |
API Access
Canadian Natural Resources Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "CNQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();