Canadian Natural Resources (CNQ) Shares Outstanding (2010 - 2026)
Canadian Natural Resources' Shares Outstanding came in at 2.09 billion for the quarter ended Jun 30, 2026, down 1.6% from 2.13 billion a year earlier and unchanged from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) Shares Outstanding (2010 - 2026) Analysis & Trends
Going back to the quarter ended Dec 31, 2010, Canadian Natural Resources' Shares Outstanding data covers 63 quarters.
- Shares Outstanding has declined in each of the last four years, with a five-year compound annual growth rate of -2.4% (years ended Dec 2020 to Dec 2025).
- Going back by year, Shares Outstanding was 2.13 billion in the year ended Dec 31, 2024 (-2.6%), 2.18 billion in the year ended Dec 31, 2023 (-3.8%), 2.27 billion in the year ended Dec 31, 2022 (-3.9%) and 2.36 billion in the year ended Dec 31, 2021 (unchanged).
- The five-year range for quarterly Shares Outstanding is 2.09 billion (the quarter ended Dec 31, 2025) to 2.36 billion (the quarter ended Sep 30, 2021).
- Year-over-year, Shares Outstanding has declined for 15 consecutive quarters, with an average decline of 2.4% over the last eight quarters.
- Across the past five years, year-over-year decline in Shares Outstanding ran from 0.0% in the quarter ended Sep 30, 2022 to 3.9% in the quarter ended Dec 31, 2022.
- Business Quant data shows CNQ's Shares Outstanding at 2.09 billion (quarter ended Mar 31, 2026), 2.09 billion (quarter ended Dec 31, 2025) and 2.13 billion (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 746.42 Bn | 702.90 Bn | - | 4.17 Bn |
| 2 | Chevron | 442.96 Bn | 415.08 Bn | 33.45 Bn | 1.97 Bn |
| 3 | Shell | 313.69 Bn | 243.43 Bn | 30.13 Bn | 2.95 Bn |
| 4 | TotalEnergies SE | 200.00 Bn | 80.58 Bn | 61.77 Bn | 2.19 Bn |
| 5 | Conocophillips | 177.72 Bn | 150.43 Bn | 12.81 Bn | 1.21 Bn |
| 6 | Equinor Asa | 121.70 Bn | 36.16 Bn | - | 2.59 Bn |
| 7 | Phillips 66 | 117.59 Bn | 105.38 Bn | 8.38 Bn | 400.95 Mn |
| 8 | Canadian Natural Resources | 112.49 Bn | 109.50 Bn | 8.84 Bn | 2.09 Bn |
| 9 | Suncor Energy | 94.96 Bn | 80.71 Bn | - | 1.22 Bn |
| 10 | Eni Spa | 89.38 Bn | 33.94 Bn | - | 1.51 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.09 Bn |
| Mar 31, 2026 | 2.09 Bn |
| Dec 31, 2025 | 2.09 Bn |
| Sep 30, 2025 | 2.13 Bn |
| Jun 30, 2025 | 2.13 Bn |
| Mar 31, 2025 | 2.13 Bn |
| Dec 31, 2024 | 2.13 Bn |
| Sep 30, 2024 | 2.18 Bn |
| Jun 30, 2024 | 2.18 Bn |
| Mar 31, 2024 | 2.18 Bn |
| Dec 31, 2023 | 2.18 Bn |
| Sep 30, 2023 | 2.27 Bn |
| Jun 30, 2023 | 2.27 Bn |
| Mar 31, 2023 | 2.27 Bn |
| Dec 31, 2022 | 2.27 Bn |
| Sep 30, 2022 | 2.36 Bn |
| Jun 30, 2022 | 2.36 Bn |
| Mar 31, 2022 | 2.36 Bn |
| Dec 31, 2021 | 2.36 Bn |
| Sep 30, 2021 | 2.36 Bn |
API Access
Canadian Natural Resources Shares Outstanding 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=shares-outstanding&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();