Canadian Natural Resources (CNQ) Capital Expenditures (2009 - 2026)

Canadian Natural Resources (CNQ) reported Capital Expenditures of -$1.5 billion for Q1 2026, down 68.77% on a YoY basis from -$4.9 billion in Q1 2025, and down 247.94% sequentially from $1.0 billion in Q4 2025.

Canadian Natural Resources (CNQ) Capital Expenditures (2009 - 2026) Analysis & Trends

Canadian Natural Resources (CNQ) has 18 years of Capital Expenditures data on file, last reported at -$1.5 billion in Q1 2026.

  • For the quarter ending Q1 2026, Capital Expenditures fell 68.77% year-over-year to -$1.5 billion; the trailing twelve-month figure through Mar 2026 stood at $2.7 billion (up 167.83% YoY), and the FY2025 full-year result was -$4.8 billion, down 23.64% from the prior year.
  • Capital Expenditures retreated to -$1.5 billion in Q1 2026, from $1.0 billion in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $1.7 billion in Q3 2025 to a low of -$1.5 billion in Q1 2026.
  • A 5-year average of -$564.6 million and a median of -$903.9 million in 2025 frame the typical range for Capital Expenditures.
  • Across the five-year window, Capital Expenditures plunged 85.61% in 2022 and jumped 270.97% in 2025, its largest moves.
  • Tracing CNQ's Capital Expenditures over 5 years: stood at -$901.7 million in 2022, then climbed by 21.55% to -$707.4 million in 2023, then retreated by 29.64% to -$917.0 million in 2024, then surged by 212.45% to $1.0 billion in 2025, then plunged by 247.94% to -$1.5 billion in 2026.
  • Business Quant data shows CNQ's Capital Expenditures at -$1.5 billion in Q1 2026, $1.0 billion in Q4 2025, and $1.7 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 2.95 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 153.00 Mn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 933.00 Mn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 1.55 Bn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 650.17 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - -
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 839.00 Mn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 707.00 Mn
10 Canadian Natural Resources 13.17 Bn 12.58 Bn 6.72 Bn -1.53 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.53 Bn
Mar 31, 2026 -1.53 Bn
Dec 31, 2025 1.03 Bn
Dec 31, 2025 1.03 Bn
Sep 30, 2025 1.68 Bn
Sep 30, 2025 1.68 Bn
Jun 30, 2025 1.52 Bn
Jun 30, 2025 1.52 Bn
Mar 31, 2025 -903.90 Mn
Mar 31, 2025 -903.90 Mn
Dec 31, 2024 -917.00 Mn
Dec 31, 2024 -917.00 Mn
Sep 30, 2024 -983.02 Mn
Sep 30, 2024 -983.02 Mn
Jun 30, 2024 -1.19 Bn
Jun 30, 2024 -1.19 Bn
Mar 31, 2024 -774.77 Mn
Mar 31, 2024 -774.77 Mn
Dec 31, 2023 -707.36 Mn
Dec 31, 2023 -707.36 Mn