
Canadian Natural Resources Limited Income Statement 2025-2011 | CNQ
Brief overview of financial results at Canadian Natural Resources Limited
The figures are compared over a five-year interval. Revenue at Canadian Natural Resources Limited moved from 16.9 billion Canadian dollars in 2020 to 38.8 billion Canadian dollars in 2025. The five-year change reached +129.5%, while CAGR stood at 18.1%. Revenue followed a strong upward trend without signs of stagnation.
The five-year EBITDA result moved by : from 0 Canadian dollars to 0 Canadian dollars. The EBITDA share of revenue changed from 0% to 0%. The operating margin showed no pronounced shift.
Comparing the endpoints shows a move from −435 million Canadian dollars to 10.8 billion Canadian dollars. The business moved out of a loss and ended the period with a profit.
Market capitalization changed from 26.6 billion Canadian dollars to 105 billion Canadian dollars (+293.7%). Capitalization grew more slowly than the underlying results.
Overall conclusion
Positive developments coexist with areas of weakness. The financial profile benefits from net-income growth, revenue expansion and consistent operating efficiency. The most visible risks are limited operating profitability. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement Canadian Natural Resources Limited
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
105 B | 58.6 B | 167 B | 139 B | 49.2 B | 26.6 B | 33 B | 24.1 B | 33.5 B | 32.8 B | 23.3 B | 31.7 B | 35.2 B | 34.2 B | 43.9 B |
Shares |
2.09 B | 2.13 B | 2.18 B | 2.27 B | 1.18 B | 1.18 B | 1.19 B | 1.22 B | 1.18 B | 1.1 B | 1.09 B | 1.1 B | 1.09 B | 1.1 B | 1.1 B |
Historical Prices |
50.1 | 27.6 | 76.3 | 61.4 | 41.7 | 22.5 | 27.6 | 19.7 | 28.3 | 24.6 | 16.4 | 22.6 | 24.2 | 20.3 | 26 |
Net Income |
10.8 B | 6.11 B | 8.23 B | 10.9 B | 7.66 B | -435 M | 5.42 B | 2.59 B | 2.4 B | -204 M | -637 M | 3.93 B | 2.27 B | 1.89 B | 2.64 B |
Revenue |
38.8 B | 35.7 B | 36 B | 42.3 B | 30.1 B | 16.9 B | 22.9 B | 21 B | 17.3 B | 11.4 B | 12.4 B | 18.9 B | 16.1 B | 14.6 B | 13.8 B |
Gross Profit |
- | - | - | - | - | 69 M | 11.9 B | 10.4 B | 8.14 B | 4.42 B | 5.26 B | 10.4 B | 8.65 B | 7.59 B | 7.79 B |
EBITDA |
- | - | - | - | - | - | - | - | - | 3.58 B | 4.74 B | 10 B | 7.88 B | 6.94 B | 7.51 B |
Operating Expenses |
- | - | - | - | - | 514 M | 757 M | 365 M | 617 M | 842 M | 517 M | 626 M | 641 M | 207 M | 3.87 B |
General and Administrative Expenses |
- | - | - | - | - | 309 M | 567 M | 179 M | 453 M | 700 M | 344 M | 433 M | 470 M | 56 M | 133 M |
All numbers in CAD currency
Quarterly Income Statement Canadian Natural Resources Limited
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
2.09 B | 2.13 B | 2.18 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
10.8 B | 6.11 B | 8.23 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
38.8 B | 35.7 B | 36 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in CAD currency
The income statement is one of the three key financial reports of a company Canadian Natural Resources Limited (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.