Canadian Natural Resources (CNQ) Capital Expenditures (2009 - 2026)
Canadian Natural Resources' (CNQ) quarterly Capital Expenditures came in at -$1.5 billion in Q1 2026, down 68.77% year-on-year from -$4.9 billion in Q1 2025, and down 271.98% quarter-over-quarter from $887.0 million in Q4 2025.
Canadian Natural Resources (CNQ) Capital Expenditures (2009 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed Capital Expenditures across 17 years of filings, most recently posting -$1.5 billion for Q1 2026.
- Capital Expenditures for Q1 2026 came in at -$1.5 billion, down 68.77% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.3 billion (up 157.29% YoY), and the FY2025 annual result was -$4.8 billion, down 23.64% from the prior year.
- Capital Expenditures came in at -$1.5 billion for Q1 2026 at Canadian Natural Resources, down from $887.0 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $1.5 billion in Q3 2025 to a low of -$1.5 billion in Q1 2026.
- The 5-year median for Capital Expenditures is -$903.9 million (2025), against an average of -$364.8 million.
- Across the five-year window, Capital Expenditures slumped 194.05% in 2024 and jumped 257.0% in 2025, its largest moves.
- Canadian Natural Resources' Capital Expenditures stood at $1.2 billion in 2022, then slipped by 20.92% to $975.0 million in 2023, then plunged by 194.05% to -$917.0 million in 2024, then surged by 196.73% to $887.0 million in 2025, then plunged by 271.98% to -$1.5 billion in 2026.
- The last three Capital Expenditures figures came in at -$1.5 billion (Q1 2026), $887.0 million (Q4 2025), and $1.5 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 631.53 Bn | 625.59 Bn | - | 1.81 Bn |
| 2 | Canadian Natural Resources | 402.73 Bn | 402.73 Bn | 6.72 Bn | -1.53 Bn |
| 3 | Conocophillips | 145.39 Bn | 139.02 Bn | 9.48 Bn | 2.95 Bn |
| 4 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 153.00 Mn |
| 5 | Occidental Petroleum | 57.00 Bn | 53.82 Bn | 4.87 Bn | 25.00 Mn |
| 6 | Diamondback Energy | 56.03 Bn | 62.20 Bn | 4.22 Bn | 933.00 Mn |
| 7 | Vista Energy, S.A.B. de C.V | 36.26 Bn | 35.65 Bn | 472.36 Mn | - |
| 8 | Eqt | 33.02 Bn | 36.36 Bn | 2.98 Bn | 598.51 Mn |
| 9 | Vermilion Energy | 32.76 Bn | 32.57 Bn | 370.10 Mn | 98.14 Bn |
| 10 | Devon Energy | 27.78 Bn | 27.78 Bn | 3.61 Bn | 839.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.53 Bn |
| Mar 31, 2026 | -1.53 Bn |
| Dec 31, 2025 | 887.04 Mn |
| Dec 31, 2025 | 887.04 Mn |
| Sep 30, 2025 | 1.54 Bn |
| Sep 30, 2025 | 1.54 Bn |
| Jun 30, 2025 | 1.38 Bn |
| Jun 30, 2025 | 1.38 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 | 975.00 Mn |
| Dec 31, 2023 | 975.00 Mn |