Canadian Natural Resources Limited (CNQ) Gross Margin: 30.69%
Is Canadian Natural Resources Limited’s gross margin high or low?
Canadian Natural Resources Limited's gross margin of 30.69% is 12% above its 5-year average of 27.47%, around the middle of its 5-year range (0.39%–49.30%).
As of Friday, June 12, 2026. 13.05% below its 12-month average of 35.30%.
CNQ Gross Margin Chart
CNQ Average Gross Margin Chart
CNQ Current vs Average Gross Margin Chart
CNQ Gross Margin Metrics
GROSS MARGIN
30.69%
GROSS MARGIN AVG TTM
35.30%
GROSS MARGIN AVG 3Y
33.06%
GROSS MARGIN AVG 5Y
27.47%
GROSS MARGIN AVG 10Y
22.85%
GROSS MARGIN AVG 15Y
24.59%
GROSS MARGIN AVG 20Y
33.15%
CURRENT VS TTM AVG
-13.05%
CURRENT VS 3Y AVG
-7.18%
CURRENT VS 5Y AVG
+11.72%
CURRENT VS 10Y AVG
+34.34%
CURRENT VS 15Y AVG
+24.81%
CURRENT VS 20Y AVG
-7.43%
CNQ Competitors' Gross Margin
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Natural Resources Limited (CNQ) | $94.82B | 30.69% | 35.30% | 33.06% | 27.47% |
| SLB N.V. (SLB) | $83.72B | 17.33% | 19.38% | 19.24% | 17.32% |
| Marathon Petroleum Corporation (MPC) | $76.14B | 8.80% | 7.12% | 9.52% | 7.42% |
| Valero Energy Corporation (VLO) | $74.95B | 7.24% | 4.02% | 6.61% | 4.66% |
| EOG Resources, Inc. (EOG) | $72.62B | 71.29% | 71.91% | 76.49% | 71.49% |
| Phillips 66 (PSX) | $71.41B | 7.04% | 4.16% | 5.87% | 4.46% |
| ONEOK, Inc. (OKE) | $57.09B | 23.95% | 22.40% | 22.74% | 22.07% |
| Occidental Petroleum Corporation (OXY) | $55.17B | 26.23% | 34.70% | 37.70% | 30.44% |
| ConocoPhillips (COP) | $140.54B | 29.18% | 26.99% | 30.86% | 25.33% |
| Antero Midstream Corporation (AM) | $10.15B | 64.52% | 64.44% | 63.13% | 63.71% |
Gross Margin Analysis
Gross Margin
30.7%
(Revenue - COGS) / Revenue
Canadian Natural Resources Limited Gross Margin Formula & Definition
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Canadian Natural Resources Limited Gross Margin FAQ
- What is the gross margin for Canadian Natural Resources Limited (CNQ)?
- The gross margin for CNQ stock is 30.69%.
- Is Canadian Natural Resources Limited's gross margin high or low?
- Canadian Natural Resources Limited's gross margin of 30.69% is 12% above its 5-year average of 27.47%, around the middle of its 5-year range (0.39%–49.30%).
- What is the TTM average gross margin for Canadian Natural Resources Limited (CNQ)?
- The TTM average gross margin for CNQ stock is 35.30%.
- What is the 3Y average gross margin for Canadian Natural Resources Limited (CNQ)?
- The 3Y average gross margin for CNQ stock is 33.06%.
- What is the 5Y average gross margin for Canadian Natural Resources Limited (CNQ)?
- The 5Y average gross margin for CNQ stock is 27.47%.
- What is the 10Y average gross margin for Canadian Natural Resources Limited (CNQ)?
- The 10Y average gross margin for CNQ stock is 22.85%.
- What is the 15Y average gross margin for Canadian Natural Resources Limited (CNQ)?
- The 15Y average gross margin for CNQ stock is 24.59%.
- What is the 20Y average gross margin for Canadian Natural Resources Limited (CNQ)?
- The 20Y average gross margin for CNQ stock is 33.15%.
Canadian Natural Resources Limited Gross Margin History
| DATE | GROSS MARGIN |
|---|---|
| 2025-12-31 | 21.29% |
| 2024-12-31 | 49.30% |
| 2023-12-31 | 28.83% |
| 2022-12-31 | 32.83% |
| 2021-12-31 | 32.19% |
| 2020-12-31 | 0.39% |
| 2019-12-31 | 52.01% |
| 2018-12-31 | 23.40% |
| 2017-12-31 | 16.71% |
| 2016-12-31 | -3.94% |
| 2015-12-31 | -1.71% |
| 2014-12-31 | 25.75% |
| 2013-12-31 | 21.20% |
| 2012-12-31 | 20.13% |
| 2011-12-31 | 50.26% |
| 2010-12-31 | 24.78% |
| 2009-12-31 | 62.04% |
| 2008-12-31 | 60.40% |
| 2007-12-31 | 58.98% |
| 2006-12-31 | 60.18% |
| 2005-12-31 | 61.17% |
| 2004-12-31 | 64.74% |
| 2003-12-31 | 60.76% |
| 2002-12-31 | 62.41% |
| 2001-12-31 | 78.72% |
| 2000-12-31 | 67.75% |
| 1999-12-31 | 80.45% |
| 1998-12-31 | 62.43% |
| 1997-12-31 | 77.64% |
| 1996-12-31 | 79.60% |
Related Metrics
About Canadian Natural Resources Limited
Canadian Natural Resources Limited (CNQ) is an integrated energy enterprise engaged across the full spectrum of upstream and downstream activities related to crude oil, natural gas, and natural gas liquids (NGLs), encompassing acquisition, exploration, development, production, marketing, and sales. Its diverse portfolio of hydrocarbon products encompasses synthetic crude oil (SCO), light and medium crude, bitumen (also known as thermal oil), along with both primary heavy crude oil and specialized Pelican Lake heavy crude. Beyond exploration and production, the company holds midstream and refining assets, notably comprising two crude oil pipeline networks and a half-interest (50% working interest) in an 84-megawatt cogeneration facility situated at Primrose. As of December 31, 2020, CNQ reported substantial reserves. Its proved crude oil, bitumen, and NGLs reserves amounted to 10,528 million barrels (MMbbl), escalating to 13,271 MMbbl when probable reserves are included. Proved synthetic crude oil (SCO) reserves stood at 6,998 MMbbl, with total proved plus probable SCO reserves reaching 7,535 MMbbl. Furthermore, the company's proved natural gas reserves were recorded at 12,168 billion cubic feet (Bcf), expanding to 20,249 Bcf on a proved plus probable basis. Geographically, its operations are concentrated in key regions, including Western Canada, the United Kingdom's North Sea sector, and offshore West Africa. The entity, incorporated in 1973, was originally known as AEX Minerals Corporation before adopting the name Canadian Natural Resources Limited in December 1975. Its corporate headquarters are located in Calgary, Canada.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Norman Murray Edwards