Canadian Natural Resources (CNQ) Return on Equity [ROE] (2009 - 2026)
Canadian Natural Resources (CNQ) recorded Return on Equity [ROE] of 103.28% in the quarter ended Jun 30, 2026, up 24.91 percentage points from 78.37% a year earlier and up 18.67 percentage points from the prior quarter.
Powered by 
Analysis
Canadian Natural Resources (CNQ) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Canadian Natural Resources reported Return on Equity [ROE] of 41.86%, up 26.57 percentage points from the prior year.
- Annual Return on Equity [ROE] has a five-year change of +43.14 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Return on Equity [ROE] came in at 15.29% in the year ended Dec 31, 2024 (-5.44 pp), 20.73% in the year ended Dec 31, 2023 (-7.87 pp), 28.59% in the year ended Dec 31, 2022 (+5.80 pp) and 22.80% in the year ended Dec 31, 2021 (+24.08 pp).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly Return on Equity [ROE] since the quarter ended Sep 30, 2022.
- On a year-over-year basis, Return on Equity [ROE] has increased for three consecutive quarters, with an average year-over-year change of +18.19 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Equity [ROE] in the last five years was a gain of 72.28 percentage points in the quarter ended Dec 31, 2025, against a drop of 58.47 percentage points in the quarter ended Sep 30, 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 84.61% (quarter ended Mar 31, 2026), 98.51% (quarter ended Dec 31, 2025) and 55.48% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 14.68% |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 10.89% |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | 14,127,795.78% |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 82.76% |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 14.29% |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 20.86% |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 23.06% |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | 103.28% |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 23.72% |
| 10 | Eog Resources | 72.25 Bn | 56.57 Bn | - | 21.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 103.28% |
| Mar 31, 2026 | 84.61% |
| Dec 31, 2025 | 98.51% |
| Sep 30, 2025 | 55.48% |
| Jun 30, 2025 | 78.37% |
| Mar 31, 2025 | 32.26% |
| Dec 31, 2024 | 26.23% |
| Sep 30, 2024 | 69.04% |
| Jun 30, 2024 | 70.20% |
| Mar 31, 2024 | 29.56% |
| Dec 31, 2023 | 33.00% |
| Sep 30, 2023 | 63.63% |
| Jun 30, 2023 | 69.61% |
| Mar 31, 2023 | 40.10% |
| Dec 31, 2022 | 46.71% |
| Sep 30, 2022 | 122.10% |
| Dec 31, 2021 | 32.90% |
| Sep 30, 2021 | 58.96% |
| Jun 30, 2021 | 41.22% |
| Mar 31, 2021 | 10.74% |
API Access
Canadian Natural Resources Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();