TSX:CNQ Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	808	673	131	877	920	744
Short-Term Investments	-	-	-	525	491	309
Cash & Short-Term Investments	808	673	131	1,402	1,411	1,053
Cash Growth	768.82%	413.74%	-90.66%	-0.64%	34.00%	115.34%
Accounts Receivable	5,248	3,999	4,126	3,189	3,555	3,111
Inventory	2,921	2,621	2,793	2,034	1,815	1,548
Other Current Assets	390	371	355	542	276	230
Total Current Assets	9,367	7,664	7,405	7,167	7,057	5,942
Net Property, Plant & Equipment	81,059	80,646	74,808	66,039	66,306	67,908
Other Long-Term Assets	3,621	3,520	3,146	2,749	2,779	2,815
Total Assets	94,047	91,830	85,359	75,955	76,142	76,665
Accounts Payable	1,582	1,105	1,079	1,418	1,341	803
Accrued Expenses	5,051	4,255	4,525	3,534	4,209	3,064
Current Portion of Long-Term Debt	441	441	2,400	980	404	1,000
Other Current Liabilities	2,445	2,262	1,627	1,503	2,697	2,555
Total Current Liabilities	9,519	8,063	9,631	7,435	8,651	7,422
Long-Term Debt	16,520	16,176	16,419	9,819	11,041	13,694
Other Long-Term Liabilities	23,370	23,225	19,841	18,869	18,275	18,604
Total Long-Term Liabilities	39,890	39,401	36,260	28,688	29,316	32,298
Total Liabilities	49,409	47,464	45,891	36,123	37,967	39,720
Common Stock	11,909	11,421	11,064	10,712	10,294	10,168
Accumulated Other Comprehensive Income	240	219	301	172	209	-1
Retained Earnings	32,489	32,726	28,103	28,948	27,672	26,778
Shareholders' Equity	44,638	44,366	39,468	39,832	38,175	36,945
Total Liabilities & Equity	94,047	91,830	85,359	75,955	76,142	76,665
Total Debt	16,961	16,617	18,819	10,799	11,445	14,694
Net Cash (Debt)	-16,153	-15,944	-18,688	-9,397	-10,034	-13,641
Net Cash Per Share	-7.71	-7.60	-8.73	-4.26	-4.37	-5.75
Book Value	44,638	44,366	39,468	39,832	38,175	36,945
Book Value Per Share	21.31	21.15	18.44	18.07	16.61	15.57
Tangible Book Value	44,638	44,366	39,468	39,832	38,175	36,945
Tangible Book Value Per Share	21.31	21.15	18.44	18.07	16.61	15.57