Canadian Natural Resources (CNQ) Exchange Rate Effect (2009 - 2025)

Canadian Natural Resources' (CNQ) quarterly Exchange Rate Effect came in at -$623.9 million in Q4 2025, down 198.14% year-on-year from $635.7 million in Q4 2024, and down 30.78% quarter-over-quarter from -$477.1 million in Q2 2025.

Canadian Natural Resources (CNQ) Exchange Rate Effect (2009 - 2025) Analysis & Trends

Canadian Natural Resources has disclosed Exchange Rate Effect across 17 years of filings, most recently posting -$623.9 million for Q4 2025.

  • Exchange Rate Effect for Q4 2025 came in at -$623.9 million, down 198.14% year-over-year; the trailing twelve-month figure through Dec 2025 was -$663.9 million (down 192.74% YoY), and the FY2025 annual result was -$622.7 million, down 196.0% from the prior year.
  • Exchange Rate Effect came in at -$623.9 million for Q4 2025 at Canadian Natural Resources, down from -$477.1 million in the prior quarter.
  • In the past five years, Exchange Rate Effect ranged from a high of $635.7 million in Q4 2024 to a low of -$623.9 million in Q4 2025.
  • The 5-year median for Exchange Rate Effect is -$122.8 million (2021), against an average of -$59.8 million.
  • Across the five-year window, Exchange Rate Effect soared 432.85% in 2024 and slumped 4249.84% in 2025, its largest moves.
  • Canadian Natural Resources' Exchange Rate Effect stood at -$62.7 million in 2021, then slumped by 138.62% to -$149.6 million in 2022, then decreased by 27.7% to -$191.0 million in 2023, then soared by 432.85% to $635.7 million in 2024, then plunged by 198.14% to -$623.9 million in 2025.
  • The last three Exchange Rate Effect figures came in at -$623.9 million (Q4 2025), -$477.1 million (Q2 2025), and -$198.6 million (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Exchange Rate Effect (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn -
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 29.00 Mn
4 Eog Resources 72.93 Bn 69.08 Bn - -
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn -
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn -
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 4.42 Mn
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn -
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 47,398.37
10 Devon Energy 27.08 Bn 27.08 Bn 3.61 Bn -

Historic Data

Download Data
DateValue
Dec 31, 2025 -623.87 Mn
Dec 31, 2025 -623.87 Mn
Jun 30, 2025 -477.05 Mn
Jun 30, 2025 -477.05 Mn
Mar 31, 2025 -198.62 Mn
Mar 31, 2025 -198.62 Mn
Dec 31, 2024 635.67 Mn
Dec 31, 2024 635.67 Mn
Sep 30, 2024 -108.49 Mn
Sep 30, 2024 -108.49 Mn
Jun 30, 2024 -10.97 Mn
Jun 30, 2024 -10.97 Mn
Mar 31, 2024 199.63 Mn
Mar 31, 2024 199.63 Mn
Dec 31, 2023 -190.98 Mn
Dec 31, 2023 -190.98 Mn
Sep 30, 2023 186.48 Mn
Sep 30, 2023 186.48 Mn
Jun 30, 2023 -171.97 Mn
Jun 30, 2023 -171.97 Mn