Canadian Natural Resources Limited (CNQ) Return on Equity (ROE): 30.65%
Is Canadian Natural Resources Limited’s return on equity (ROE) high or low?
Canadian Natural Resources Limited's return on equity (ROE) of 30.65% is 70% above its 5-year average of 18.04%, near the high end of its 5-year range (-1.71%–30.65%).
As of Friday, June 12, 2026. 53.71% above its 12-month average of 19.94%.
CNQ Return on Equity (ROE) Chart
CNQ Average Return on Equity (ROE) Chart
CNQ Current vs Average Return on Equity (ROE) Chart
CNQ Return on Equity (ROE) Metrics
RETURN ON EQUITY (ROE)
30.65%
RETURN ON EQUITY (ROE) AVG TTM
19.94%
RETURN ON EQUITY (ROE) AVG 3Y
22.30%
RETURN ON EQUITY (ROE) AVG 5Y
18.04%
RETURN ON EQUITY (ROE) AVG 10Y
12.81%
RETURN ON EQUITY (ROE) AVG 15Y
11.93%
RETURN ON EQUITY (ROE) AVG 20Y
13.43%
CURRENT VS TTM AVG
+53.71%
CURRENT VS 3Y AVG
+37.44%
CURRENT VS 5Y AVG
+69.92%
CURRENT VS 10Y AVG
+139.35%
CURRENT VS 15Y AVG
+157.01%
CURRENT VS 20Y AVG
+128.23%
CNQ Competitors' Return on Equity (ROE)
| NAME | MARKET CAP | RETURN ON EQUITY (ROE) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Natural Resources Limited (CNQ) | $94.82B | 30.65% | 19.94% | 22.30% | 18.04% |
| SLB N.V. (SLB) | $83.72B | 12.63% | 16.97% | 18.55% | -0.02% |
| Marathon Petroleum Corporation (MPC) | $76.14B | 27.65% | 21.39% | 33.71% | 21.29% |
| Valero Energy Corporation (VLO) | $74.95B | 17.62% | 10.60% | 25.92% | 16.86% |
| EOG Resources, Inc. (EOG) | $72.62B | 17.79% | 19.26% | 24.21% | 19.15% |
| Phillips 66 (PSX) | $71.41B | 14.45% | 11.43% | 20.78% | 11.50% |
| ONEOK, Inc. (OKE) | $57.09B | 15.80% | 16.46% | 18.89% | 18.44% |
| Occidental Petroleum Corporation (OXY) | $55.17B | 12.09% | 7.74% | 18.72% | 1.07% |
| ConocoPhillips (COP) | $140.54B | 11.34% | 13.31% | 21.89% | 16.05% |
| Antero Midstream Corporation (AM) | $10.15B | 21.21% | 19.95% | 18.02% | 13.58% |
Return Analysis
ROE
30.6%
ROA
14.6%
Canadian Natural Resources Limited Return on Equity (ROE) Formula & Definition
ROE = Net Income / Total Shareholders' Equity
Return on equity measures how efficiently a company generates profit from shareholders' equity. Higher ROE indicates better capital efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Canadian Natural Resources Limited Return on Equity (ROE) FAQ
- What is the return on equity (ROE) for Canadian Natural Resources Limited (CNQ)?
- The return on equity (ROE) for CNQ stock is 30.65%.
- Is Canadian Natural Resources Limited's return on equity (ROE) high or low?
- Canadian Natural Resources Limited's return on equity (ROE) of 30.65% is 70% above its 5-year average of 18.04%, near the high end of its 5-year range (-1.71%–30.65%).
- What is the TTM average return on equity (ROE) for Canadian Natural Resources Limited (CNQ)?
- The TTM average return on equity (ROE) for CNQ stock is 19.94%.
- What is the 3Y average return on equity (ROE) for Canadian Natural Resources Limited (CNQ)?
- The 3Y average return on equity (ROE) for CNQ stock is 22.30%.
- What is the 5Y average return on equity (ROE) for Canadian Natural Resources Limited (CNQ)?
- The 5Y average return on equity (ROE) for CNQ stock is 18.04%.
- What is the 10Y average return on equity (ROE) for Canadian Natural Resources Limited (CNQ)?
- The 10Y average return on equity (ROE) for CNQ stock is 12.81%.
- What is the 15Y average return on equity (ROE) for Canadian Natural Resources Limited (CNQ)?
- The 15Y average return on equity (ROE) for CNQ stock is 11.93%.
- What is the 20Y average return on equity (ROE) for Canadian Natural Resources Limited (CNQ)?
- The 20Y average return on equity (ROE) for CNQ stock is 13.43%.
Canadian Natural Resources Limited Return on Equity (ROE) History
| DATE | RETURN ON EQUITY (ROE) |
|---|---|
| 2025-12-31 | 24.41% |
| 2024-12-31 | 15.47% |
| 2023-12-31 | 20.67% |
| 2022-12-31 | 28.65% |
| 2021-12-31 | 20.74% |
| 2020-12-31 | -1.71% |
| 2019-12-31 | 20.07% |
| 2018-12-31 | 8.10% |
| 2017-12-31 | 7.57% |
| 2016-12-31 | -0.78% |
| 2015-12-31 | -2.33% |
| 2014-12-31 | 13.60% |
| 2013-12-31 | 8.81% |
| 2012-12-31 | 7.79% |
| 2011-12-31 | 11.54% |
| 2010-12-31 | 8.21% |
| 2009-12-31 | 8.13% |
| 2008-12-31 | 27.13% |
| 2007-12-31 | 19.58% |
| 2006-12-31 | 23.62% |
| 2005-12-31 | 12.75% |
| 2004-12-31 | 19.18% |
| 2003-12-31 | 22.96% |
| 2002-12-31 | 11.06% |
| 2001-12-31 | 16.95% |
| 2000-12-31 | 24.01% |
| 1999-12-31 | 10.55% |
| 1998-12-31 | 4.61% |
| 1997-12-31 | 9.26% |
| 1996-12-31 | 8.85% |
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