Canadian Natural Resources (CNQ) Operating Margin (2010 - 2017)
Canadian Natural Resources (CNQ) recorded Operating Margin of -79.78% in the year ended Dec 31, 2025, up 14.03 percentage points from -93.81% a year earlier.
Canadian Natural Resources (CNQ) Operating Margin (2010 - 2017) Analysis & Trends
Starting with the year ended Dec 31, 2011, Canadian Natural Resources' Operating Margin history includes 15 years.
- Annual Operating Margin has a five-year change of +17.61 percentage points (years ended Dec 2020 to Dec 2025).
- The figure for the year ended Dec 31, 2025 is the highest annual Operating Margin since the year ended Dec 31, 2021.
- Per Business Quant data, CNQ's Operating Margin was -93.81% in the year ended Dec 31, 2024 (-8.54 pp), -85.27% in the year ended Dec 31, 2023 (-0.57 pp), -84.70% in the year ended Dec 31, 2022 (-20.34 pp) and -64.36% in the year ended Dec 31, 2021 (+33.03 pp).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 28.46% |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | -28.44% |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | - |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 5.19% |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 53.17% |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 36.94% |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | -74.35% |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | - |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 30.46% |
| 10 | Eog Resources | 72.25 Bn | 56.57 Bn | - | 40.93% |
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2017 | 3.39% |
| Mar 31, 2016 | -1.92% |
| Dec 31, 2015 | 0.04% |
| Dec 31, 2014 | 0.04% |
| Dec 31, 2013 | 14.96% |
| Sep 30, 2013 | 22.50% |
| Dec 31, 2012 | 9.61% |
| Sep 30, 2012 | 9.98% |
| Dec 31, 2011 | 23.04% |
| Sep 30, 2011 | 21.85% |
| Jun 30, 2011 | 18.63% |
| Sep 30, 2010 | 18.92% |
Canadian Natural Resources Operating Margin 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=operating-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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=operating-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();