Canadian Natural Resources (CNQ) Shares Outstanding (Diluted) (2010 - 2026)
Canadian Natural Resources' Shares Outstanding (Diluted) was 2.1 billion in the quarter ended Jun 30, 2026, down 2.0% from 2.14 billion a year earlier and unchanged from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) Shares Outstanding (Diluted) (2010 - 2026) Analysis & Trends
From the quarter ended Dec 31, 2010 onward, Canadian Natural Resources has reported Shares Outstanding (Diluted) for 63 quarters.
- Shares Outstanding (Diluted) has now declined for four consecutive years, with a five-year compound annual growth rate of -2.4% (years ended Dec 2020 to Dec 2025).
- In earlier years, Shares Outstanding (Diluted) was 2.14 billion in the year ended Dec 31, 2024 (-2.9%), 2.2 billion in the year ended Dec 31, 2023 (-4.1%), 2.3 billion in the year ended Dec 31, 2022 (-3.1%) and 2.37 billion in the year ended Dec 31, 2021 (+0.4%).
- Quarterly Shares Outstanding (Diluted) has moved between 2.1 billion (the quarter ended Dec 31, 2025) and 2.37 billion (the quarter ended Sep 30, 2022) over five years.
- Compared with a year earlier, Shares Outstanding (Diluted) has declined for 15 straight quarters, with an average decline of 2.7% over the last eight quarters.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was the quarter ended Sep 30, 2022 (growth of 0.4%); the worst was the quarter ended Dec 31, 2023 (a decline of 4.1%).
- Per Business Quant data, CNQ's Shares Outstanding (Diluted) in the three quarters before the quarter ended Jun 30, 2026 was 2.1 billion (quarter ended Mar 31, 2026), 2.1 billion (quarter ended Dec 31, 2025) and 2.14 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 746.42 Bn | 702.90 Bn | - | 4.42 Bn |
| 2 | Chevron | 442.96 Bn | 415.08 Bn | 33.45 Bn | 1.98 Bn |
| 3 | Shell | 313.69 Bn | 243.43 Bn | 30.13 Bn | 2.97 Bn |
| 4 | TotalEnergies SE | 200.00 Bn | 80.58 Bn | 61.77 Bn | 2.57 Bn |
| 5 | Conocophillips | 177.72 Bn | 150.43 Bn | 12.81 Bn | 1.21 Bn |
| 6 | Equinor Asa | 121.70 Bn | 36.16 Bn | - | 2.60 Bn |
| 7 | Phillips 66 | 117.59 Bn | 105.38 Bn | 8.38 Bn | 402.62 Mn |
| 8 | Canadian Natural Resources | 112.49 Bn | 109.50 Bn | 8.84 Bn | 2.10 Bn |
| 9 | Suncor Energy | 94.96 Bn | 80.71 Bn | - | 1.22 Bn |
| 10 | Eni Spa | 89.38 Bn | 33.94 Bn | - | 1.54 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.10 Bn |
| Mar 31, 2026 | 2.10 Bn |
| Dec 31, 2025 | 2.10 Bn |
| Sep 30, 2025 | 2.14 Bn |
| Jun 30, 2025 | 2.14 Bn |
| Mar 31, 2025 | 2.14 Bn |
| Dec 31, 2024 | 2.14 Bn |
| Sep 30, 2024 | 2.20 Bn |
| Jun 30, 2024 | 2.20 Bn |
| Mar 31, 2024 | 2.20 Bn |
| Dec 31, 2023 | 2.20 Bn |
| Sep 30, 2023 | 2.30 Bn |
| Jun 30, 2023 | 2.30 Bn |
| Mar 31, 2023 | 2.30 Bn |
| Dec 31, 2022 | 2.30 Bn |
| Sep 30, 2022 | 2.37 Bn |
| Jun 30, 2022 | 2.37 Bn |
| Mar 31, 2022 | 2.37 Bn |
| Dec 31, 2021 | 2.37 Bn |
| Sep 30, 2021 | 2.36 Bn |
API Access
Canadian Natural Resources Shares Outstanding (Diluted) 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-diluted&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();