Canadian Natural Resources vs EOG Resources
Canadian Natural Resources is the larger business, with $27.75bn of revenue in fiscal 2025 against $22.63bn for EOG Resources (1.2 times as much). Canadian Natural Resources grew faster (6.6% against -4.5%). Canadian Natural Resources kept more of each dollar of sales as profit: a net margin of 27.9% against 22.0%. EOG Resources carries less debt relative to equity (26.6% against 37.5%).
| Latest fiscal year | Canadian Natural ResourcesCNQ, 2025 | EOG ResourcesEOG, 2025 |
|---|---|---|
| Revenue | $27.75bn | $22.63bn |
| Revenue growth | 6.6% | -4.5% |
| Net income | $7.75bn | $4.98bn |
| Operating margin | — | 28.2% |
| Net margin | 27.9% | 22.0% |
| Return on equity | 25.9% | 16.8% |
| Free cash flow | $10.81bn | $3.93bn |
| Cash | $491m | $3.40bn |
| Total debt | $12.12bn | $7.94bn |
| Debt to equity | 37.5% | 26.6% |
| Dividend per share | — | $3.99 |
| Dividend yield | 3.1% | 2.6% |
| Share buybacks | $1.04bn | $2.56bn |
| Employees | — | — |
| Market value | $112.70bn | $82.05bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | — | 86 (Strong) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 12 sales |