Canadian Natural Resources (CNQ) Invested Capital (2009 - 2025)
Canadian Natural Resources (CNQ) posted Invested Capital of $20.96 billion for the quarter ended Jun 30, 2026, up 2.4% from $20.47 billion a year earlier but down 0.4% from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) Invested Capital (2009 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Canadian Natural Resources' Invested Capital came in at $20.07 billion, down 52.9% from the prior year.
- Annual Invested Capital shows a five-year compound annual growth rate of -13.0% (years ended Dec 2020 to Dec 2025).
- In prior years, Canadian Natural Resources' Invested Capital was $42.57 billion in the year ended Dec 31, 2024 (+13.4%), $37.53 billion in the year ended Dec 31, 2023 (-1.7%), $38.17 billion in the year ended Dec 31, 2022 (-7.4%) and $41.21 billion in the year ended Dec 31, 2021 (+2.5%).
- Quarterly Invested Capital has run from a low of -$19.02 billion in the quarter ended Mar 31, 2022 to a high of $41.72 billion in the quarter ended Dec 31, 2024 over five years.
- On a year-over-year basis, Invested Capital increased in six of the last eight quarters, with growth averaging 6.2%.
- The strongest year-over-year quarter for Invested Capital in the past five years was the quarter ended Sep 30, 2025, with growth of 34.4%; the weakest was the quarter ended Dec 31, 2025, with a decline of 51.8%.
- According to Business Quant data, Invested Capital for the three prior quarters was $21.05 billion (quarter ended Mar 31, 2026), $20.11 billion (quarter ended Dec 31, 2025) and $20.77 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 746.42 Bn | 702.90 Bn | - | 308.48 Bn |
| 2 | Chevron | 442.96 Bn | 415.08 Bn | 33.45 Bn | 232.63 Bn |
| 3 | Shell | 313.69 Bn | 243.43 Bn | 30.13 Bn | 253.86 Bn |
| 4 | TotalEnergies SE | 200.00 Bn | 80.58 Bn | 61.77 Bn | 193.87 Bn |
| 5 | Conocophillips | 177.72 Bn | 150.43 Bn | 12.81 Bn | 88.64 Bn |
| 6 | Equinor Asa | 121.70 Bn | 36.16 Bn | - | 67.49 Bn |
| 7 | Phillips 66 | 117.59 Bn | 105.38 Bn | 8.38 Bn | 53.27 Bn |
| 8 | Canadian Natural Resources | 112.49 Bn | 109.50 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 94.96 Bn | 80.71 Bn | - | 58.02 Bn |
| 10 | Eni Spa | 89.38 Bn | 33.94 Bn | - | 101.06 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 44.53 Bn |
| Dec 31, 2024 | 40.62 Bn |
| Dec 31, 2023 | 38.27 Bn |
| Dec 31, 2022 | 36.61 Bn |
| Dec 31, 2021 | 40.52 Bn |
| Sep 30, 2021 | 20.88 Bn |
| Jun 30, 2021 | 22.74 Bn |
| Dec 31, 2020 | 42.22 Bn |
| Sep 30, 2020 | 23.46 Bn |
| Jun 30, 2020 | 23.83 Bn |
| Mar 31, 2020 | 39.46 Bn |
| Dec 31, 2019 | 42.86 Bn |
| Sep 30, 2019 | 43.28 Bn |
| Jun 30, 2019 | 44.13 Bn |
| Mar 31, 2019 | 39.65 Bn |
| Dec 31, 2018 | 38.61 Bn |
| Sep 30, 2018 | 40.75 Bn |
| Jun 30, 2018 | 40.59 Bn |
| Mar 31, 2018 | 41.91 Bn |
| Dec 31, 2017 | 43.06 Bn |
API Access
Canadian Natural Resources Invested Capital 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=invested-capital&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();