Canadian Natural Resources (CNQ) revenue breakdown
By segment, North America is the largest at 50% of fiscal 2025 revenue; Oil Sands Mining and Upgrading grew fastest, 23% a year over 9 years.
Revenue by segment
Fiscal years, as Canadian Natural Resources reports them in its 10-K filings; fiscal 2025 total $37.7B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | $6.7B | $8.4B | $7.8B | $9.8B | $8.3B | $15.4B | $22.0B | $17.3B | $17.3B | $19.0B | 50% |
| Oil Sands Mining and Upgrading | $2.6B | $6.9B | $11.0B | $10.9B | $7.5B | $13.0B | $17.7B | $16.3B | $16.3B | $17.4B | 46% |
| Midstream and Refining | $114M | $102M | $102M | $88M | $285M | $759M | $986M | $1.0B | $895M | $761M | 2% |
| North Sea | $569M | $783M | $891M | $920M | $431M | $610M | $635M | $441M | $477M | $337M | 1% |
| Offshore Africa | $577M | $591M | $647M | $665M | $362M | $437M | $686M | $580M | $456M | $187M | 0% |
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Where does Canadian Natural Resources make its money?
In fiscal 2025, by segment: North America $19.0B, Oil Sands Mining and Upgrading $17.4B, Midstream and Refining $761M, North Sea $337M, Offshore Africa $187M.
From Canadian Natural Resources's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.