Canadian Natural Resources (CNQ) Tax Provisions (2009 - 2026)
Canadian Natural Resources' Tax Provisions came in at $775.7 million for the quarter ended Jun 30, 2026, up 145.4% from $316.11 million a year earlier and up 91.7% from the prior quarter.
Canadian Natural Resources (CNQ) Tax Provisions (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Canadian Natural Resources reported Tax Provisions of $1.87 billion, up 68.0% year-over-year; for the year ended Dec 31, 2025, it came in at $1.37 billion, up 22.3% from the prior year.
- Going back by year, Tax Provisions was $1.12 billion in the year ended Dec 31, 2024 (-19.7%), $1.39 billion in the year ended Dec 31, 2023 (-37.7%), $2.24 billion in the year ended Dec 31, 2022 (+51.6%) and $1.47 billion in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 represents the highest quarterly Tax Provisions since the quarter ended Dec 31, 2014.
- Year-over-year, Tax Provisions has increased for four consecutive quarters, with growth averaging 27.6% over the last eight quarters.
- The fastest year-over-year change in Tax Provisions over five years came in the quarter ended Sep 30, 2021 (growth of 541.0%), and the weakest in the quarter ended Jun 30, 2023 (a decline of 67.0%).
- Business Quant data shows CNQ's Tax Provisions at $404.71 million (quarter ended Mar 31, 2026), $389.38 million (quarter ended Dec 31, 2025) and $304.46 million (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 4.95 Bn |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 4.50 Bn |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | -3.15 Bn |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | -1.53 Bn |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 2.15 Bn |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | -8.19 Bn |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 1.09 Bn |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | 775.70 Mn |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | -1.32 Bn |
| 10 | Eog Resources | 72.25 Bn | 56.57 Bn | - | 775.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 775.70 Mn |
| Mar 31, 2026 | 404.71 Mn |
| Dec 31, 2025 | 389.38 Mn |
| Sep 30, 2025 | 304.46 Mn |
| Jun 30, 2025 | 316.11 Mn |
| Mar 31, 2025 | 356.12 Mn |
| Dec 31, 2024 | 158.20 Mn |
| Sep 30, 2024 | 285.16 Mn |
| Jun 30, 2024 | 380.19 Mn |
| Mar 31, 2024 | 297.59 Mn |
| Dec 31, 2023 | 370.94 Mn |
| Sep 30, 2023 | 449.05 Mn |
| Jun 30, 2023 | 233.01 Mn |
| Mar 31, 2023 | 339.52 Mn |
| Dec 31, 2022 | 293.94 Mn |
| Sep 30, 2022 | 580.43 Mn |
| Jun 30, 2022 | 705.12 Mn |
| Mar 31, 2022 | 671.84 Mn |
| Dec 31, 2021 | 541.85 Mn |
| Sep 30, 2021 | 437.72 Mn |
Canadian Natural Resources Tax Provisions 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=tax-provisions&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();