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| 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 |