Canadian Natural Resources (CNQ) Invested Capital (2009 - 2026)

Canadian Natural Resources' (CNQ) quarterly Invested Capital came in at $321.6 million in Q1 2026, down 67.71% year-on-year from $995.9 million in Q1 2025, and down 97.3% quarter-over-quarter from $11.9 billion in Q4 2025.

Canadian Natural Resources (CNQ) Invested Capital (2009 - 2026) Analysis & Trends

Canadian Natural Resources has disclosed Invested Capital across 18 years of filings, most recently posting $321.6 million for Q1 2026.

  • Invested Capital for Q1 2026 came in at $321.6 million, down 67.71% year-over-year; the trailing twelve-month figure through Mar 2026 was $13.8 billion (down 14.92% YoY), and the FY2025 annual result was $11.9 billion, down 13.48% from the prior year.
  • Invested Capital came in at $321.6 million for Q1 2026 at Canadian Natural Resources, down 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.
  • The 5-year median for Invested Capital is $1.2 billion (2024), against an average of $3.3 billion.
  • Across the five-year window, Invested Capital jumped 82.95% in 2024 and tumbled 67.71% in 2026, its largest moves.
  • Canadian Natural Resources' Invested Capital stood at $8.4 billion in 2022, then slipped by 5.92% to $7.9 billion in 2023, then surged by 69.83% to $13.5 billion in 2024, then fell by 11.55% to $11.9 billion in 2025, then tumbled by 97.3% to $321.6 million in 2026.
  • The last three Invested Capital figures came in at $321.6 million (Q1 2026), $11.9 billion (Q4 2025), and $602.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - 37.16 Bn
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn 321.58 Mn
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 86.96 Bn
4 Eog Resources 72.93 Bn 69.08 Bn - 30.94 Bn
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 54.27 Bn
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 49.62 Bn
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 2.62 Bn
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 34.78 Bn
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 177.38 Bn
10 Devon Energy 27.08 Bn 27.08 Bn 3.61 Bn 23.81 Bn

Historic Data

Download Data
DateValue
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