Canadian Natural Resources (CNQ) Price/FCF Ratio: History & Chart

Canadian Natural Resources Limited (CNQ)CNQCanadian Natural Resources Limited

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.

Calgary, AB

10,750 employees

www.cnrl.com

Energy / Oil & Gas Exploration & Production

Sector: Energy
Industry: Oil & Gas Exploration & Production
CEO: Norman Murray Edwards

View full financials

CNQ Price/FCF Ratio Metrics

PRICE/FCF RATIO

21.71

PRICE/FCF RATIO AVG TTM

14.77

PRICE/FCF RATIO AVG 3Y

12.11

PRICE/FCF RATIO AVG 5Y

10.51

PRICE/FCF RATIO AVG 10Y

11.58

PRICE/FCF RATIO AVG 15Y

12.07

PRICE/FCF RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

+46.95%

CURRENT VS 3Y AVG

+79.32%

CURRENT VS 5Y AVG

+106.54%

CURRENT VS 10Y AVG

+87.48%

CURRENT VS 15Y AVG

+79.90%

CURRENT VS 20Y AVG

N/A

SECTOR MEDIAN · ENERGY

16.98

median of 39 covered companies

CURRENT VS SECTOR MEDIAN

+27.86%

vs the sector median at left

NAME	MARKET CAP	PRICE/FCF RATIO	TTM	3Y	5Y
Canadian Natural Resources Limited (CNQ)	$93.42B	21.71	14.77	12.11	10.51
Marathon Petroleum Corporation (MPC)vs ›	$91.19B	16.00	14.06	9.28	13.21
Valero Energy Corporation (VLO)vs ›	$90.54B	15.21	12.91	8.89	10.56
The Williams Companies, Inc. (WMB)vs ›	$86.58B	125.35	72.02	37.79	28.19
Phillips 66 (PSX)vs ›	$83.32B	700.71	173.18	67.33	44.69
Enterprise Products Partners L.P. (EPD)vs ›	$82.47B	38.52	25.25	18.99	15.26
Slb N.V. (SLB)vs ›	$77.04B	16.98	14.23	15.76	19.34
Suncor Energy Inc. (SU)vs ›	$75.57B	14.94	11.36	9.16	8.54
EOG Resources, Inc. (EOG)vs ›	$74.73B	19.21	16.37	13.89	14.49
Eni S.p.A. (E)vs ›	$73.46B	22.20	14.59	10.06	8.71

NAME

MARKET CAP

PRICE/FCF RATIO

TTM

Canadian Natural Resources Limited (CNQ)

$93.42B

21.71

14.77

12.11

10.51

Marathon Petroleum Corporation (MPC)vs ›

$91.19B

16.00

14.06

9.28

13.21

Valero Energy Corporation (VLO)vs ›

$90.54B

15.21

12.91

8.89

10.56

The Williams Companies, Inc. (WMB)vs ›

$86.58B

125.35

72.02

37.79

28.19

Phillips 66 (PSX)vs ›

$83.32B

700.71

173.18

67.33

44.69

Enterprise Products Partners L.P. (EPD)vs ›

$82.47B

38.52

25.25

18.99

15.26

Slb N.V. (SLB)vs ›

$77.04B

16.98

14.23

15.76

19.34

Suncor Energy Inc. (SU)vs ›

$75.57B

14.94

11.36

9.16

8.54

EOG Resources, Inc. (EOG)vs ›

$74.73B

19.21

16.37

13.89

14.49

Eni S.p.A. (E)vs ›

$73.46B

22.20

14.59

10.06

8.71

Price/FCF Ratio FAQ

What is the Price/FCF ratio for Canadian Natural Resources Limited (CNQ)?

The Price/FCF ratio for CNQ stock is 21.71.

Is Canadian Natural Resources Limited's Price/FCF ratio high or low?

The Price/FCF ratio of 21.71 is 97% above its 5-year average of 11.01, near the high end of its 5-year range (5.71–23.11).

What is the TTM average Price/FCF ratio for Canadian Natural Resources Limited (CNQ)?

The TTM average Price/FCF ratio for CNQ stock is 14.77.

What is the 3Y average Price/FCF ratio for Canadian Natural Resources Limited (CNQ)?

The 3Y average Price/FCF ratio for CNQ stock is 12.11.

What is the 5Y average Price/FCF ratio for Canadian Natural Resources Limited (CNQ)?

The 5Y average Price/FCF ratio for CNQ stock is 10.51.

What is the 10Y average Price/FCF ratio for Canadian Natural Resources Limited (CNQ)?

The 10Y average Price/FCF ratio for CNQ stock is 11.58.

What is the 15Y average Price/FCF ratio for Canadian Natural Resources Limited (CNQ)?

The 15Y average Price/FCF ratio for CNQ stock is 12.07.

DATE	PRICE/FCF RATIO
2026-07-24	21.71
2026-07-23	21.98
2026-07-22	21.42
2026-07-21	20.99
2026-07-20	20.55
2026-07-17	20.52
2026-07-16	20.04
2026-07-15	19.98
2026-07-14	19.93
2026-07-13	20.13
2026-07-10	19.55
2026-07-09	19.58
2026-07-08	19.84
2026-07-07	19.02
2026-07-06	18.40
2026-07-02	18.53
2026-07-01	18.20
2026-06-30	18.47
2026-06-29	18.38
2026-06-26	18.46
2026-06-25	18.51
2026-06-24	18.41
2026-06-23	19.18
2026-06-22	19.54
2026-06-18	19.19
2026-06-17	19.83
2026-06-16	20.24
2026-06-15	20.58
2026-06-12	21.18
2026-06-11	21.25
2026-06-10	21.28
2026-06-09	20.95
2026-06-08	21.64
2026-06-05	21.37
2026-06-04	22.28
2026-06-03	22.30
2026-06-02	22.07
2026-06-01	21.49
2026-05-29	21.21
2026-05-28	21.42
2026-05-27	21.39
2026-05-26	21.89
2026-05-22	22.73
2026-05-21	22.76
2026-05-20	22.81
2026-05-19	23.11
2026-05-18	22.89
2026-05-15	22.43
2026-05-14	22.24
2026-05-13	22.07
2026-05-12	21.94
2026-05-11	21.13
2026-05-08	20.82
2026-05-07	20.92
2026-05-06	16.04
2026-05-05	16.82
2026-05-04	16.72
2026-05-01	16.51
2026-04-30	16.76
2026-04-29	16.59
2026-04-28	16.30
2026-04-27	15.82
2026-04-24	15.55
2026-04-23	15.97
2026-04-22	15.70
2026-04-21	15.56
2026-04-20	15.22
2026-04-17	15.11
2026-04-16	16.28
2026-04-15	16.09
2026-04-14	16.05
2026-04-13	16.47
2026-04-10	16.29
2026-04-09	16.06
2026-04-08	16.32
2026-04-07	17.28
2026-04-06	16.96
2026-04-02	16.71
2026-04-01	16.37
2026-03-31	17.13
2026-03-30	17.35
2026-03-27	17.61
2026-03-26	17.12
2026-03-25	17.29
2026-03-24	17.66
2026-03-23	17.43
2026-03-20	17.66
2026-03-19	18.22
2026-03-18	17.69
2026-03-17	17.65
2026-03-16	17.58
2026-03-13	17.46
2026-03-12	17.50
2026-03-11	17.03
2026-03-10	16.48
2026-03-09	16.66
2026-03-06	16.69
2026-03-05	16.33
2026-03-04	15.92
2026-03-03	15.90
2026-03-02	15.98
2026-02-27	15.77
2026-02-26	15.53
2026-02-25	15.34
2026-02-24	15.35
2026-02-23	15.26
2026-02-20	15.28
2026-02-19	15.31
2026-02-18	15.01
2026-02-17	14.63
2026-02-13	14.66
2026-02-12	14.41
2026-02-11	14.64
2026-02-10	14.09
2026-02-09	14.11
2026-02-06	14.09
2026-02-05	13.65
2026-02-04	13.88
2026-02-03	13.51
2026-02-02	13.15
2026-01-30	13.41
2026-01-29	13.65
2026-01-28	13.37
2026-01-27	13.21
2026-01-26	12.99
2026-01-23	13.02
2026-01-22	12.79
2026-01-21	12.96
2026-01-20	12.41
2026-01-16	12.38
2026-01-15	12.29
2026-01-14	12.48
2026-01-13	11.95
2026-01-12	11.64
2026-01-09	11.56
2026-01-08	11.37
2026-01-07	11.02
2026-01-06	11.38
2026-01-05	11.61
2026-01-02	12.37
2025-12-31	12.20
2025-12-30	12.22
2025-12-29	11.96
2025-12-26	11.82
2025-12-24	11.88
2025-12-23	11.83
2025-12-22	11.65
2025-12-19	11.50
2025-12-18	11.35
2025-12-17	11.48
2025-12-16	11.26
2025-12-15	11.68
2025-12-12	11.89
2025-12-11	11.94
2025-12-10	12.15
2025-12-09	12.15
2025-12-08	12.28
2025-12-05	12.49
2025-12-04	12.42
2025-12-03	12.30
2025-12-02	12.09
2025-12-01	12.27
2025-11-28	12.17
2025-11-26	12.01
2025-11-25	11.98
2025-11-24	11.87
2025-11-21	12.05
2025-11-20	12.24
2025-11-19	12.25
2025-11-18	12.27
2025-11-17	12.01
2025-11-14	12.10
2025-11-13	11.73
2025-11-12	11.69
2025-11-11	11.67
2025-11-10	11.53
2025-11-07	11.41
2025-11-06	11.35
2025-11-05	11.83
2025-11-04	11.64
2025-11-03	11.86
2025-10-31	11.88
2025-10-30	11.85
2025-10-29	11.93
2025-10-28	11.62
2025-10-27	11.69
2025-10-24	11.60
2025-10-23	11.59
2025-10-22	11.26
2025-10-21	11.10
2025-10-20	11.17
2025-10-17	11.18
2025-10-16	11.21
2025-10-15	11.45
2025-10-14	11.48
2025-10-13	11.72
2025-10-10	11.65
2025-10-09	12.14
2025-10-08	12.11
2025-10-07	12.15
2025-10-06	12.04
2025-10-03	11.81
2025-10-02	11.66
2025-10-01	11.78
2025-09-30	11.86
2025-09-29	11.99
2025-09-26	12.13
2025-09-25	12.05
2025-09-24	12.16
2025-09-23	11.92
2025-09-22	11.91
2025-09-19	11.72
2025-09-18	12.07
2025-09-17	12.15
2025-09-16	12.22
2025-09-15	11.88
2025-09-12	11.57
2025-09-11	11.58
2025-09-10	11.58
2025-09-09	11.46
2025-09-08	11.24
2025-09-05	11.26
2025-09-04	11.63
2025-09-03	11.59
2025-09-02	11.87
2025-08-29	11.74
2025-08-28	11.68
2025-08-27	11.61
2025-08-26	11.31
2025-08-25	11.52
2025-08-22	11.55
2025-08-21	11.19
2025-08-20	10.99
2025-08-19	10.87
2025-08-18	11.04
2025-08-15	11.07
2025-08-14	11.05
2025-08-13	11.11
2025-08-12	11.09
2025-08-11	11.10
2025-08-08	11.25
2025-08-07	11.29
2025-08-06	10.05
2025-08-05	10.08
2025-08-04	9.87
2025-08-01	9.93
2025-07-31	10.16
2025-07-30	10.22
2025-07-29	10.33
2025-07-28	10.24
2025-07-25	10.06
2025-07-24	10.14
2025-07-23	10.06
2025-07-22	10.00
2025-07-21	9.80
2025-07-18	9.88
2025-07-17	9.94
2025-07-16	9.90
2025-07-15	10.03
2025-07-14	10.19

DATE

PRICE/FCF RATIO

2026-07-24

21.71

2026-07-23

21.98

2026-07-22

21.42

2026-07-21

20.99

2026-07-20

20.55

2026-07-17

20.52

2026-07-16

20.04

2026-07-15

19.98

2026-07-14

19.93

2026-07-13

20.13

2026-07-10

19.55

2026-07-09

19.58

2026-07-08

19.84

2026-07-07

19.02

2026-07-06

18.40

2026-07-02

18.53

2026-07-01

18.20

2026-06-30

18.47

2026-06-29

18.38

2026-06-26

18.46

2026-06-25

18.51

2026-06-24

18.41

2026-06-23

19.18

2026-06-22

19.54

2026-06-18

19.19

2026-06-17

19.83

2026-06-16

20.24

2026-06-15

20.58

2026-06-12

21.18

2026-06-11

21.25

2026-06-10

21.28

2026-06-09

20.95

2026-06-08

21.64

2026-06-05

21.37

2026-06-04

22.28

2026-06-03

22.30

2026-06-02

22.07

2026-06-01

21.49

2026-05-29

21.21

2026-05-28

21.42

2026-05-27

21.39

2026-05-26

21.89

2026-05-22

22.73

2026-05-21

22.76

2026-05-20

22.81

2026-05-19

23.11

2026-05-18

22.89

2026-05-15

22.43

2026-05-14

22.24

2026-05-13

22.07

2026-05-12

21.94

2026-05-11

21.13

2026-05-08

20.82

2026-05-07

20.92

2026-05-06

16.04

2026-05-05

16.82

2026-05-04

16.72

2026-05-01

16.51

2026-04-30

16.76

2026-04-29

16.59

2026-04-28

16.30

2026-04-27

15.82

2026-04-24

15.55

2026-04-23

15.97

2026-04-22

15.70

2026-04-21

15.56

2026-04-20

15.22

2026-04-17

15.11

2026-04-16

16.28

2026-04-15

16.09

2026-04-14

16.05

2026-04-13

16.47

2026-04-10

16.29

2026-04-09

16.06

2026-04-08

16.32

2026-04-07

17.28

2026-04-06

16.96

2026-04-02

16.71

2026-04-01

16.37

2026-03-31

17.13

2026-03-30

17.35

2026-03-27

17.61

2026-03-26

17.12

2026-03-25

17.29

2026-03-24

17.66

2026-03-23

17.43

2026-03-20

17.66

2026-03-19

18.22

2026-03-18

17.69

2026-03-17

17.65

2026-03-16

17.58

2026-03-13

17.46

2026-03-12

17.50

2026-03-11

17.03

2026-03-10

16.48

2026-03-09

16.66

2026-03-06

16.69

2026-03-05

16.33

2026-03-04

15.92

2026-03-03

15.90

2026-03-02

15.98

2026-02-27

15.77

2026-02-26

15.53

2026-02-25

15.34

2026-02-24

15.35

2026-02-23

15.26

2026-02-20

15.28

2026-02-19

15.31

2026-02-18

15.01

2026-02-17

14.63

2026-02-13

14.66

2026-02-12

14.41

2026-02-11

14.64

2026-02-10

14.09

2026-02-09

14.11

2026-02-06

14.09

2026-02-05

13.65

2026-02-04

13.88

2026-02-03

13.51

2026-02-02

13.15

2026-01-30

13.41

2026-01-29

13.65

2026-01-28

13.37

2026-01-27

13.21

2026-01-26

12.99

2026-01-23

13.02

2026-01-22

12.79

2026-01-21

12.96

2026-01-20

12.41

2026-01-16

12.38

2026-01-15

12.29

2026-01-14

12.48

2026-01-13

11.95

2026-01-12

11.64

2026-01-09

11.56

2026-01-08

11.37

2026-01-07

11.02

2026-01-06

11.38

2026-01-05

11.61

2026-01-02

12.37

2025-12-31

12.20

2025-12-30

12.22

2025-12-29

11.96

2025-12-26

11.82

2025-12-24

11.88

2025-12-23

11.83

2025-12-22

11.65

2025-12-19

11.50

2025-12-18

11.35

2025-12-17

11.48

2025-12-16

11.26

2025-12-15

11.68

2025-12-12

11.89

2025-12-11

11.94

2025-12-10

12.15

2025-12-09

12.15

2025-12-08

12.28

2025-12-05

12.49

2025-12-04

12.42

2025-12-03

12.30

2025-12-02

12.09

2025-12-01

12.27

2025-11-28

12.17

2025-11-26

12.01

2025-11-25

11.98

2025-11-24

11.87

2025-11-21

12.05

2025-11-20

12.24

2025-11-19

12.25

2025-11-18

12.27

2025-11-17

12.01

2025-11-14

12.10

2025-11-13

11.73

2025-11-12

11.69

2025-11-11

11.67

2025-11-10

11.53

2025-11-07

11.41

2025-11-06

11.35

2025-11-05

11.83

2025-11-04

11.64

2025-11-03

11.86

2025-10-31

11.88

2025-10-30

11.85

2025-10-29

11.93

2025-10-28

11.62

2025-10-27

11.69

2025-10-24

11.60

2025-10-23

11.59

2025-10-22

11.26

2025-10-21

11.10

2025-10-20

11.17

2025-10-17

11.18

2025-10-16

11.21

2025-10-15

11.45

2025-10-14

11.48

2025-10-13

11.72

2025-10-10

11.65

2025-10-09

12.14

2025-10-08

12.11

2025-10-07

12.15

2025-10-06

12.04

2025-10-03

11.81

2025-10-02

11.66

2025-10-01

11.78

2025-09-30

11.86

2025-09-29

11.99

2025-09-26

12.13

2025-09-25

12.05

2025-09-24

12.16

2025-09-23

11.92

2025-09-22

11.91

2025-09-19

11.72

2025-09-18

12.07

2025-09-17

12.15

2025-09-16

12.22

2025-09-15

11.88

2025-09-12

11.57

2025-09-11

11.58

2025-09-10

11.58

2025-09-09

11.46

2025-09-08

11.24

2025-09-05

11.26

2025-09-04

11.63

2025-09-03

11.59

2025-09-02

11.87

2025-08-29

11.74

2025-08-28

11.68

2025-08-27

11.61

2025-08-26

11.31

2025-08-25

11.52

2025-08-22

11.55

2025-08-21

11.19

2025-08-20

10.99

2025-08-19

10.87

2025-08-18

11.04

2025-08-15

11.07

2025-08-14

11.05

2025-08-13

11.11

2025-08-12

11.09

2025-08-11

11.10

2025-08-08

11.25

2025-08-07

11.29

2025-08-06

10.05

2025-08-05

10.08

2025-08-04

9.87

2025-08-01

9.93

2025-07-31

10.16

2025-07-30

10.22

2025-07-29

10.33

2025-07-28

10.24

2025-07-25

10.06

2025-07-24

10.14

2025-07-23

10.06

2025-07-22

10.00

2025-07-21

9.80

2025-07-18

9.88

2025-07-17

9.94

2025-07-16

9.90

2025-07-15

10.03

2025-07-14

10.19

Price/FCF Ratio: 21.71

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