Canadian Natural Resources (CNQ) Invested Capital (2009 - 2026)
Canadian Natural Resources (CNQ) reported Invested Capital of $321.6 million for Q1 2026, down 67.71% on a YoY basis from $995.9 million in Q1 2025, and down 97.3% sequentially from $11.9 billion in Q4 2025.
Canadian Natural Resources (CNQ) Invested Capital (2009 - 2026) Analysis & Trends
Canadian Natural Resources (CNQ) has 18 years of Invested Capital data on file, last reported at $321.6 million in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital fell 67.71% year-over-year to $321.6 million; the trailing twelve-month figure through Mar 2026 stood at $13.8 billion (down 14.92% YoY), and the FY2025 full-year result was $11.9 billion, down 13.48% from the prior year.
- Invested Capital eased to $321.6 million in Q1 2026, from $11.9 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $13.5 billion in Q4 2024 to a low of $321.6 million in Q1 2026.
- A 5-year average of $3.3 billion and a median of $1.2 billion in 2024 frame the typical range for Invested Capital.
- Across the five-year window, Invested Capital jumped 82.95% in 2024 and sank 67.71% in 2026, its largest moves.
- Tracing CNQ's Invested Capital over 5 years: stood at $8.4 billion in 2022, then decreased by 5.92% to $7.9 billion in 2023, then jumped by 69.83% to $13.5 billion in 2024, then declined by 11.55% to $11.9 billion in 2025, then plunged by 97.3% to $321.6 million in 2026.
- Business Quant data shows CNQ's Invested Capital at $321.6 million in Q1 2026, $11.9 billion in Q4 2025, and $602.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 1.07 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 27.00 Mn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 749.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 1.50 Bn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 424.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 114.96 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 999.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 875.00 Mn |
| 10 | Canadian Natural Resources | 13.17 Bn | 12.58 Bn | 6.72 Bn | 321.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 321.58 Mn |
| Dec 31, 2025 | 11.92 Bn |
| Sep 30, 2025 | 602.38 Mn |
| Jun 30, 2025 | 988.75 Mn |
| Mar 31, 2025 | 995.89 Mn |
| Dec 31, 2024 | 13.47 Bn |
| Sep 30, 2024 | 1.19 Bn |
| Jun 30, 2024 | 599.54 Mn |
| Mar 31, 2024 | 1.34 Bn |
| Dec 31, 2023 | 7.93 Bn |
| Sep 30, 2023 | 1.20 Bn |
| Jun 30, 2023 | 1.73 Bn |
| Mar 31, 2023 | 733.78 Mn |
| Dec 31, 2022 | 8.43 Bn |
| Sep 30, 2022 | 1.05 Bn |
| Jun 30, 2022 | 1.01 Bn |
| Mar 31, 2022 | 2.16 Bn |
| Dec 31, 2021 | 11.66 Bn |
| Sep 30, 2021 | 794.41 Mn |
| Jun 30, 2021 | 1.87 Bn |