CNRL generated CAD 9609000000 in revenue in Q4 2025 and reported net income of CAD 5303000000, significantly higher than the prior year due largely to a CAD 4989000000 gain on acquisitions, disposition, and remeasurement associated with the AOSP asset swap.

CNRL delivered $2.5 billion in net income and adjusted net earnings of $1.5 billion. Production averaged over 1.42 million BOE/d, with cost efficiencies achieved across operations. Despite a planned turnaround at AOSP, the company executed strong capital discipline and continued to return significant value to shareholders.

CNRL delivered robust financial and operational performance, achieving record production and strong free cash flow, while also reducing its capital budget without affecting planned production.

Canadian Natural Resources Limited achieved record total production of 1,470,428 BOE/d in Q4 2024, supported by strong liquids and natural gas production. The company generated net earnings of $1.1 billion and adjusted net earnings from operations of $2.0 billion. Operating income surged, benefiting from efficient cost management and higher production. Cash flows from operating activities reached $3.4 billion, reinforcing the company's financial strength.