Canadian Natural Resources Limited (CNQ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	48.3B	44.2B	35.7B	40.8B	49.5B
Cost of Revenue	31.6B	34.8B	18.1B	29.1B	33.3B
Gross Profit	16.6B	9.4B	17.6B	11.8B	16.3B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	1.2B	795.0M	782.0M	943.0M	1.2B
General & Admin Expense	358.0M	795.0M	503.0M	943.0M	1.2B
Selling & Marketing Expense	63.0M	—	279.0M	—	—
Other Expenses	202.0M	380.0M	—	366.0M	281.0M
Total Operating Expenses	1.4B	1.2B	782.0M	1.3B	1.5B
Cost and Expenses	33.1B	35.9B	18.9B	30.4B	34.8B
Operating Income (EBIT)	15.2B	8.2B	16.8B	10.5B	14.8B
Non-Operating
Interest Income	—	205.0M	81.0M	55.0M	121.0M
Interest Expense	894.8M	1.0B	673.0M	691.0M	670.0M
Net Interest Income	(894.8M)	(834.0M)	(592.0M)	(636.0M)	(549.0M)
Other Non-Op Income/Expense	(255.4M)	5.0B	(8.7B)	(299.0M)	(1.1B)
Non-Operating Income (excl Interest)	(639.4M)	(6.1B)	7.1B	(392.0M)	386.0M
EBT (Pre-Tax Income)	15.0B	13.2B	8.1B	10.2B	13.7B
Income Tax Expense	3.2B	2.4B	2.0B	1.9B	2.8B
Bottom Line
Net Income	11.8B	10.8B	6.1B	8.2B	10.9B
Earnings from Cont. Ops	11.8B	10.8B	6.1B	8.2B	10.9B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	11.8B	10.8B	6.1B	8.2B	10.9B
Per Share
Basic EPS	$5.64	$5.17	$2.85	$3.74	$4.82
Diluted EPS	$5.62	$5.16	$2.85	$3.74	$4.82
Revenue Per Share	$23.23	$21.12	$16.66	$18.71	$21.82
Shares
Basic Shares Outstanding	2.1B	2.1B	2.1B	2.2B	2.3B
Diluted Shares Outstanding	2.1B	2.1B	2.1B	2.2B	2.3B
Profitability Metrics
EBITDA	25.6B	21.9B	16.3B	17.3B	21.7B
D&A	9.7B	7.6B	6.5B	6.4B	7.4B
EBIT	15.9B	14.3B	9.7B	10.9B	14.4B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026