Canadian Natural Resources (CNQ) Return on Equity [ROE] (2009 - 2021)
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.
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Analysis
Canadian Natural Resources (CNQ) Return on Equity [ROE] (2009 - 2021) 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 | ExxonMobil Holdings | 680.89 Bn | 639.03 Bn | - | 15.59% |
| 2 | Chevron | 411.68 Bn | 378.72 Bn | 31.26 Bn | 13.85% |
| 3 | Shell | 290.92 Bn | 151.18 Bn | - | 8.83% |
| 4 | TotalEnergies SE | 193.26 Bn | 64.34 Bn | 31,614.00 | 8.52% |
| 5 | Eni Spa | 168.49 Bn | 108.13 Bn | - | 14.72% |
| 6 | Conocophillips | 163.36 Bn | 136.06 Bn | 12.81 Bn | 14.29% |
| 7 | Equinor Asa | 106.31 Bn | 19.16 Bn | 4.49 Bn | 26.83% |
| 8 | Canadian Natural Resources | 100.20 Bn | 94.10 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 99.74 Bn | 83.53 Bn | 10.69 Bn | 37.13% |
| 10 | Suncor Energy | 82.10 Bn | 62.79 Bn | - | 33.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2021 | 33.28% |
| Sep 30, 2021 | 59.59% |
| Dec 31, 2020 | -1.84% |
| Sep 30, 2020 | -5.98% |
| Jun 30, 2020 | 0.33% |
| Mar 31, 2020 | 9.51% |
| Dec 31, 2019 | 15.33% |
| Sep 30, 2019 | 11.55% |
| Jun 30, 2019 | 14.46% |
| Mar 31, 2019 | 9.58% |
| Dec 31, 2018 | 8.20% |
| Sep 30, 2018 | 11.64% |
| Jun 30, 2018 | 8.44% |
| Mar 31, 2018 | 8.46% |
| Dec 31, 2017 | 7.30% |
| Sep 30, 2017 | 7.96% |
| Jun 30, 2017 | 5.30% |
| Mar 31, 2017 | 0.49% |
| Dec 31, 2016 | -0.85% |
| Sep 30, 2016 | -2.48% |
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();