Canadian Natural Resources (CNQ) Total Debt (2009 - 2026)
Canadian Natural Resources' Total Debt came in at $12.39 billion for the quarter ended Jun 30, 2026, up 0.5% from $12.33 billion a year earlier and up 0.2% from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) Total Debt (2009 - 2026) Analysis & Trends
As of Dec 31, 2025, Canadian Natural Resources' Total Debt was $11.89 billion, down 13.5% from the prior year.
- Total Debt carries a five-year compound annual growth rate of -5.8% (years ended Dec 2020 to Dec 2025).
- Going back by year, Total Debt was $13.75 billion in the year ended Dec 31, 2024 (+71.7%), $8 billion in the year ended Dec 31, 2023 (-9.1%), $8.8 billion in the year ended Dec 31, 2022 (-24.9%) and $11.73 billion in the year ended Dec 31, 2021 (-26.8%).
- The five-year range for quarterly Total Debt is $7.35 billion (the quarter ended Sep 30, 2024) to $13.47 billion (the quarter ended Dec 31, 2024).
- Year-over-year, Total Debt increased in six of the last eight quarters, with growth averaging 28.8%.
- The fastest year-over-year change in Total Debt over five years came in the quarter ended Sep 30, 2025 (growth of 70.7%), and the weakest in the quarter ended Jun 30, 2022 (a decline of 33.7%).
- Business Quant data shows CNQ's Total Debt at $12.37 billion (quarter ended Mar 31, 2026), $11.92 billion (quarter ended Dec 31, 2025) and $12.55 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) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 65.60 Bn |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 401.00 Mn |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | 33.10 Bn |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 36.67 Bn |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 23.29 Bn |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | - |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 20.57 Bn |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | 12.39 Bn |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 9.85 Bn |
| 10 | Eog Resources | 72.25 Bn | 56.57 Bn | - | 7.93 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.39 Bn |
| Mar 31, 2026 | 12.37 Bn |
| Dec 31, 2025 | 11.92 Bn |
| Sep 30, 2025 | 12.55 Bn |
| Jun 30, 2025 | 12.33 Bn |
| Mar 31, 2025 | 12.15 Bn |
| Dec 31, 2024 | 13.47 Bn |
| Sep 30, 2024 | 7.35 Bn |
| Jun 30, 2024 | 7.42 Bn |
| Mar 31, 2024 | 8.19 Bn |
| Dec 31, 2023 | 7.93 Bn |
| Sep 30, 2023 | 8.69 Bn |
| Jun 30, 2023 | 9.05 Bn |
| Mar 31, 2023 | 8.89 Bn |
| Dec 31, 2022 | 8.43 Bn |
| Sep 30, 2022 | 9.93 Bn |
| Jun 30, 2022 | 9.88 Bn |
| Mar 31, 2022 | 10.98 Bn |
| Dec 31, 2021 | 11.66 Bn |
| Sep 30, 2021 | 13.33 Bn |
API Access
Canadian Natural Resources Total Debt 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=total-debt&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();