Canadian Natural Resources (CNQ) Liabilities and Shareholders Equity (2009 - 2025)

Canadian Natural Resources' (CNQ) quarterly Liabilities and Shareholders Equity came in at $65.9 billion in Q4 2025, up 7.77% year-over-year from $61.1 billion in Q4 2024, and up 7.77% quarter-over-quarter from $61.1 billion in Q4 2024.

Analysis

Canadian Natural Resources (CNQ) Liabilities and Shareholders Equity (2009 - 2025) Analysis & Trends

Canadian Natural Resources has disclosed Liabilities and Shareholders Equity across 17 years of filings, most recently posting $65.9 billion for Q4 2025.

In Q4 2025, Liabilities and Shareholders Equity rose 7.77% year-over-year to $65.9 billion; the TTM figure through Jun 2026 stood at $65.9 billion (up 7.77% YoY), while the FY2025 annual figure was $65.7 billion, up 7.56% from the prior year.
Liabilities and Shareholders Equity came in at $65.9 billion for Q4 2025 at Canadian Natural Resources, up from $61.1 billion in the prior quarter.
In the past five years, Liabilities and Shareholders Equity ranged from a high of $65.9 billion in Q4 2025 to a low of $55.8 billion in Q4 2023.
Average Liabilities and Shareholders Equity over 5 years is $59.9 billion, with a median of $60.8 billion recorded in 2021.
Year-over-year, Liabilities and Shareholders Equity slipped 7.77% in 2022 and rose 9.52% in 2024.
Over 5 years, Liabilities and Shareholders Equity stood at $60.8 billion in 2021, then decreased by 7.77% to $56.1 billion in 2022, then declined by 0.54% to $55.8 billion in 2023, then rose by 9.52% to $61.1 billion in 2024, then rose by 7.77% to $65.9 billion in 2025.
Per Business Quant data, the three most recent Liabilities and Shareholders Equity figures were $65.9 billion in Q4 2025, $61.1 billion in Q4 2024, and $55.8 billion in Q4 2023.

Peer Set

Peer Comparison

All peers

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Liabilities and Shareholders Equity (Qtr)
1	Conocophillips	153.22 Bn	145.53 Bn	12.81 Bn	124.26 Bn
2	Canadian Natural Resources	100.56 Bn	98.67 Bn	8.84 Bn	-
3	Eog Resources	74.16 Bn	69.25 Bn	-	54.78 Bn
4	Diamondback Energy	53.10 Bn	58.73 Bn	5.55 Bn	70.22 Bn
5	Devon Energy	52.37 Bn	51.36 Bn	6.02 Bn	70.89 Bn
6	Expand Energy	20.29 Bn	19.03 Bn	2.33 Bn	28.03 Bn
7	Permian Resources	18.41 Bn	18.15 Bn	-	18.50 Bn
8	Ovintiv	16.64 Bn	15.76 Bn	2.83 Bn	19.28 Bn
9	Apa	15.35 Bn	15.83 Bn	2.28 Bn	17.97 Bn
10	Antero Resources	10.48 Bn	9.91 Bn	1.56 Bn	15.23 Bn

Historic Data

Download Data

Date	Value
Dec 31, 2025	65.85 Bn
Dec 31, 2024	61.10 Bn
Dec 31, 2023	55.79 Bn
Dec 31, 2022	56.09 Bn
Dec 31, 2021	60.82 Bn
Dec 31, 2020	57.74 Bn
Mar 31, 2020	56.75 Bn
Dec 31, 2019	59.18 Bn
Sep 30, 2019	59.50 Bn
Jun 30, 2019	59.01 Bn
Mar 31, 2019	55.62 Bn
Dec 31, 2018	54.21 Bn
Sep 30, 2018	56.11 Bn
Jun 30, 2018	57.11 Bn
Mar 31, 2018	57.93 Bn
Dec 31, 2017	58.14 Bn
Sep 30, 2017	58.20 Bn
Jun 30, 2017	53.84 Bn
Mar 31, 2017	43.77 Bn
Dec 31, 2016	43.97 Bn

API Access

Canadian Natural Resources Liabilities and Shareholders Equity 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=liabilities-and-shareholders-equity&ticker=CNQ&period=max&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-equity", "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=liabilities-and-shareholders-equity&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

Canadian Natural Resources (CNQ) Liabilities and Shareholders Equity (2009 - 2025)