Canadian Natural Resources Limited (CNQ) Return on Invested Capital (ROIC): 7.95%
Is Canadian Natural Resources Limited’s return on invested capital (ROIC) high or low?
Canadian Natural Resources Limited's return on invested capital (ROIC) of 7.95% is 26% below its 5-year average of 10.69%, around the middle of its 5-year range (0.00%–17.29%).
As of Friday, June 12, 2026. 34.27% below its 12-month average of 12.09%.
CNQ Return on Invested Capital (ROIC) Chart
CNQ Average Return on Invested Capital (ROIC) Chart
CNQ Current vs Average Return on Invested Capital (ROIC) Chart
CNQ Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
7.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
10.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.76%
CURRENT VS TTM AVG
-34.27%
CURRENT VS 3Y AVG
-40.75%
CURRENT VS 5Y AVG
-25.60%
CURRENT VS 10Y AVG
-0.74%
CURRENT VS 15Y AVG
+9.99%
CURRENT VS 20Y AVG
+2.49%
CNQ Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Natural Resources Limited (CNQ) | $94.82B | 7.95% | 12.09% | 13.42% | 10.69% |
| SLB N.V. (SLB) | $83.72B | 10.34% | 12.04% | 11.73% | 9.77% |
| Marathon Petroleum Corporation (MPC) | $76.14B | 7.03% | 7.14% | 12.45% | 6.94% |
| Valero Energy Corporation (VLO) | $74.95B | 7.12% | 6.89% | 15.02% | 10.37% |
| EOG Resources, Inc. (EOG) | $72.62B | 58.12% | 36.44% | 28.12% | 20.84% |
| Phillips 66 (PSX) | $71.41B | 4.75% | 3.97% | 7.78% | 5.11% |
| ONEOK, Inc. (OKE) | $57.09B | 8.62% | 7.46% | 8.21% | 8.27% |
| Occidental Petroleum Corporation (OXY) | $55.17B | 3.15% | 4.32% | 8.73% | 6.32% |
| ConocoPhillips (COP) | $140.54B | 6.72% | 7.22% | 11.71% | 9.00% |
| Antero Midstream Corporation (AM) | $10.15B | 8.18% | 8.25% | 7.88% | 6.27% |
Capital Efficiency
ROIC
8.0%
ROE
30.6%
Canadian Natural Resources Limited Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Canadian Natural Resources Limited Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Canadian Natural Resources Limited (CNQ)?
- The return on invested capital (ROIC) for CNQ stock is 7.95%.
- Is Canadian Natural Resources Limited's return on invested capital (ROIC) high or low?
- Canadian Natural Resources Limited's return on invested capital (ROIC) of 7.95% is 26% below its 5-year average of 10.69%, around the middle of its 5-year range (0.00%–17.29%).
- What is the TTM average return on invested capital (ROIC) for Canadian Natural Resources Limited (CNQ)?
- The TTM average return on invested capital (ROIC) for CNQ stock is 12.09%.
- What is the 3Y average return on invested capital (ROIC) for Canadian Natural Resources Limited (CNQ)?
- The 3Y average return on invested capital (ROIC) for CNQ stock is 13.42%.
- What is the 5Y average return on invested capital (ROIC) for Canadian Natural Resources Limited (CNQ)?
- The 5Y average return on invested capital (ROIC) for CNQ stock is 10.69%.
- What is the 10Y average return on invested capital (ROIC) for Canadian Natural Resources Limited (CNQ)?
- The 10Y average return on invested capital (ROIC) for CNQ stock is 8.01%.
- What is the 15Y average return on invested capital (ROIC) for Canadian Natural Resources Limited (CNQ)?
- The 15Y average return on invested capital (ROIC) for CNQ stock is 7.23%.
- What is the 20Y average return on invested capital (ROIC) for Canadian Natural Resources Limited (CNQ)?
- The 20Y average return on invested capital (ROIC) for CNQ stock is 7.76%.
Canadian Natural Resources Limited Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 7.95% |
| 2024-12-31 | 16.24% |
| 2023-12-31 | 12.19% |
| 2022-12-31 | 17.29% |
| 2021-12-31 | 10.44% |
| 2020-12-31 | 0.00% |
| 2019-12-31 | 17.64% |
| 2018-12-31 | 5.25% |
| 2017-12-31 | 2.80% |
| 2016-12-31 | -0.44% |
| 2015-12-31 | -1.26% |
| 2014-12-31 | 6.60% |
| 2013-12-31 | 4.93% |
| 2012-12-31 | 4.83% |
| 2011-12-31 | 6.70% |
| 2010-12-31 | 4.49% |
| 2009-12-31 | 5.04% |
| 2008-12-31 | 11.60% |
| 2007-12-31 | 6.98% |
| 2006-12-31 | 10.22% |
| 2005-12-31 | 13.41% |
| 2004-12-31 | 11.23% |
| 2003-12-31 | 9.97% |
| 2002-12-31 | 5.15% |
| 2001-12-31 | 9.52% |
| 2000-12-31 | 12.46% |
| 1999-12-31 | 5.51% |
| 1998-12-31 | 3.06% |
| 1997-12-31 | 4.96% |
| 1996-12-31 | 8.47% |
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