Canadian Natural Resources (CNQ) Enterprise Value (2010 - 2026)
Canadian Natural Resources (CNQ) reported Enterprise Value of $80.33 billion for the quarter ended Jun 30, 2026, up 21.8% from $65.96 billion a year earlier but down 20.3% from the prior quarter.
Canadian Natural Resources (CNQ) Enterprise Value (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Canadian Natural Resources' Enterprise Value came in at $79.18 billion, up 21.3% year-over-year; for the year ended Dec 31, 2025, it came in at $69.98 billion, up 8.0% from the prior year.
- Enterprise Value has a five-year compound annual growth rate of 20.3% (years ended Dec 2020 to Dec 2025).
- By year, Enterprise Value came in at $64.82 billion in the year ended Dec 31, 2024 (-6.9%), $69.61 billion in the year ended Dec 31, 2023 (+15.0%), $60.51 billion in the year ended Dec 31, 2022 (+26.7%) and $47.75 billion in the year ended Dec 31, 2021 (+72.1%).
- Five-year quarterly Enterprise Value spans a low of $41.65 billion in the quarter ended Sep 30, 2021 and a high of $100.85 billion in the quarter ended Mar 31, 2026.
- Year over year, Enterprise Value has now increased in each of the last three quarters, with growth averaging 5.0% over the last eight quarters.
- The high point for year-over-year Enterprise Value in five years was the quarter ended Sep 30, 2021 (growth of 125.4%); the low point was the quarter ended Mar 31, 2025 (a decline of 20.4%).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $100.85 billion (quarter ended Mar 31, 2026), $69.98 billion (quarter ended Dec 31, 2025) and $67.13 billion (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Shell | 541.34 Bn | 451.89 Bn | 30.13 Bn |
| 2 | Chevron | 403.85 Bn | 381.64 Bn | 33.45 Bn |
| 3 | TotalEnergies SE | 193.34 Bn | 76.47 Bn | - |
| 4 | Eni Spa | 172.00 Bn | 121.52 Bn | - |
| 5 | Conocophillips | 150.68 Bn | 123.39 Bn | 12.81 Bn |
| 6 | Equinor Asa | 103.39 Bn | 49.45 Bn | - |
| 7 | Phillips 66 | 100.64 Bn | 89.62 Bn | 8.38 Bn |
| 8 | Canadian Natural Resources | 98.19 Bn | 95.14 Bn | - |
| 9 | Suncor Energy | 80.57 Bn | 66.37 Bn | - |
| 10 | Eog Resources | 73.27 Bn | 57.59 Bn | - |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 80.33 Bn |
| Mar 31, 2026 | 100.85 Bn |
| Dec 31, 2025 | 69.98 Bn |
| Sep 30, 2025 | 67.13 Bn |
| Jun 30, 2025 | 65.96 Bn |
| Mar 31, 2025 | 64.71 Bn |
| Dec 31, 2024 | 64.83 Bn |
| Sep 30, 2024 | 70.70 Bn |
| Jun 30, 2024 | 75.69 Bn |
| Mar 31, 2024 | 81.28 Bn |
| Dec 31, 2023 | 69.62 Bn |
| Sep 30, 2023 | 71.20 Bn |
| Jun 30, 2023 | 61.94 Bn |
| Mar 31, 2023 | 60.95 Bn |
| Dec 31, 2022 | 60.54 Bn |
| Sep 30, 2022 | 53.97 Bn |
| Jun 30, 2022 | 61.25 Bn |
| Mar 31, 2022 | 70.82 Bn |
| Dec 31, 2021 | 47.76 Bn |
| Sep 30, 2021 | 41.65 Bn |
Canadian Natural Resources Enterprise Value 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=enterprise-value&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();