Canadian Natural Resources (CNQ) Change in Inventory (2017 - 2026)
Canadian Natural Resources (CNQ) reported Change in Inventory of $379.31 million for Q3 2026, up 30.8% from $289.93 million a year earlier and up 4.3% from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) Change in Inventory (2017 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Canadian Natural Resources' Change in Inventory came in at $1.88 billion, up 21.5% year-over-year; for FY2025, it came in at $1.75 billion, up 53.1% from FY2024.
- Change in Inventory has a four-year compound annual growth rate of -5.2% (FY2021 to FY2025).
- By year, Change in Inventory came in at $1.15 billion in FY2024 (-40.0%), $1.91 billion in FY2023 (-52.6%), $4.03 billion in FY2022 (+85.8%) and $2.17 billion in FY2021.
- Five-year quarterly Change in Inventory spans a low of $188.39 million in Q3 2024 and a high of $1.26 billion in Q2 2022.
- Year over year, Change in Inventory gained in six of the last eight quarters, with growth averaging 29.1%.
- The high point for year-over-year Change in Inventory in five years was Q3 2022 (growth of 86.6%); the low point was Q2 2023 (a decline of 69.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $363.63 million (Q2 2026), $606.7 million (Q1 2026) and $527.06 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | - |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | -3.27 Bn |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | - |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | - |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | -1.99 Bn |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 97.00 Mn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 379.31 Mn |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 332.00 Mn |
| 10 | Suncor Energy | 83.45 Bn | 69.02 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 379.31 Mn |
| Jun 30, 2026 | 363.63 Mn |
| Mar 31, 2026 | 606.70 Mn |
| Dec 31, 2025 | 527.06 Mn |
| Sep 30, 2025 | 289.93 Mn |
| Jun 30, 2025 | 433.03 Mn |
| Mar 31, 2025 | 498.99 Mn |
| Dec 31, 2024 | 322.85 Mn |
| Sep 30, 2024 | 188.39 Mn |
| Jun 30, 2024 | 242.01 Mn |
| Mar 31, 2024 | 392.58 Mn |
| Dec 31, 2023 | 442.92 Mn |
| Sep 30, 2023 | 446.81 Mn |
| Jun 30, 2023 | 388.60 Mn |
| Mar 31, 2023 | 629.48 Mn |
| Dec 31, 2022 | 948.14 Mn |
| Sep 30, 2022 | 1.03 Bn |
| Jun 30, 2022 | 1.26 Bn |
| Mar 31, 2022 | 791.05 Mn |
| Dec 31, 2021 | 760.02 Mn |
API Access
Canadian Natural Resources Change in Inventory 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=change-in-inventory&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "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=change-in-inventory&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();