NYSE · Energy

Canadian Natural Resources Limited CNQ

Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.

Oil & Gas Production

Company profile

Business mix

  • The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil.
  • Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
  • The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975.
  • Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.

Current key questions

  • How sensitive are revenue and cash flow to commodity prices, production volumes, and demand in oil & gas exploration & production?
  • Can capital spending, reserves, decline rates, and operating costs support durable free cash flow?
  • Do balance-sheet discipline and shareholder returns remain resilient across the energy cycle?
Holders 2 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 13.69 FCF 4.85% Buyback 1.56%
2026-06-07

Current firm holders

Firm Weight Value Filing period
GQG Partners Rajiv Jain 1.4% $853.7M 2026-03-31
Yacktman Asset Management Stephen Yacktman 10.7% $806.1M 2026-03-31

Recent trading changes over the last 2 quarters

Net buyers 1 Last 2 13F filing periods
Net reducers 1 Last 2 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $853.7M Estimated from net added shares
Reduction amount $212.8M Estimated from net reduced shares
Net share change / base shares +63.1% +13,188,558 / 20,908,511
GQG Partners Rajiv Jain 1 filing periods
13F 2026-03-31 Filed 2026-05-12
New Shares - 13F value change +$853.7M
Settlement As of 13F 2026-03-31 · Filed 2026-05-12
Base shares 0 Last 2 periods +17,555,471 (New) Total shares 17,555,471 Value $853.7M
Yacktman Asset Management Stephen Yacktman 2 filing periods
13F 2025-12-31 Filed 2026-02-03
Minor reduction Shares -10.2% 13F value change -$32.7M
13F 2026-03-31 Filed 2026-05-01
Minor reduction Shares -11.9% 13F value change +$170.5M
Settlement As of 13F 2026-03-31 · Filed 2026-05-01
Base shares 20,908,511 Last 2 periods -4,366,913 (-20.9%) Total shares 16,541,598 Value $806.1M

Recent mentions

No public mentions.