Canadian Natural Resources Ltd (CNQ) — Free Cash Flow Generation Index
Canadian Natural Resources Ltd (CNQ) has a Free Cash Flow Generation Index of 0.46x as of September 2025. Free cash flow of CA$1.82 Billion represents 0% of operating cash flow (CA$3.94 Billion). Read Canadian Natural Resources Ltd total liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Canadian Natural Resources Ltd Free Cash Flow Generation Index (1993–2024)
Historical FCF Generation Index trend for Canadian Natural Resources Ltd across 32 annual periods. Explore reinvestment intensity of Canadian Natural Resources Ltd to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Canadian Natural Resources Ltd (1993–2024)
Year-by-year Free Cash Flow Generation Index for Canadian Natural Resources Ltd. For the full company profile including market capitalisation, see how much is Canadian Natural Resources Ltd worth.
| Year | FCG Index | Free Cash Flow (CAD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.60x | CA$8.00 Billion | CA$13.39 Billion | CA$5.38 Billion | ▼ -0.8% |
| 2023 | 0.60x | CA$7.44 Billion | CA$12.35 Billion | CA$4.91 Billion | ▼ -18.2% |
| 2022 | 0.74x | CA$14.29 Billion | CA$19.39 Billion | CA$5.10 Billion | ▲ +6.8% |
| 2021 | 0.69x | CA$9.99 Billion | CA$14.48 Billion | CA$4.49 Billion | ▲ +50.6% |
| 2020 | 0.46x | CA$2.16 Billion | CA$4.71 Billion | CA$2.56 Billion | ▼ -23.6% |
| 2019 | 0.60x | CA$5.29 Billion | CA$8.83 Billion | CA$3.54 Billion | ▲ +2.1% |
| 2018 | 0.59x | CA$5.95 Billion | CA$10.12 Billion | CA$4.17 Billion | ▲ +58.7% |
| 2017 | 0.37x | CA$2.69 Billion | CA$7.26 Billion | CA$4.57 Billion | ▲ +464.0% |
| 2016 | -0.10x | CA$-351.00 Million | CA$3.45 Billion | CA$3.80 Billion | ▼ -161.7% |
| 2015 | 0.16x | CA$928.00 Million | CA$5.63 Billion | CA$4.70 Billion | ▲ +179.7% |
| 2014 | -0.21x | CA$-1.75 Billion | CA$8.46 Billion | CA$10.21 Billion | ▼ -21420.1% |
| 2013 | 0.00x | CA$7.00 Million | CA$7.22 Billion | CA$7.21 Billion | ▼ -94.3% |
| 2012 | 0.02x | CA$105.00 Million | CA$6.21 Billion | CA$6.10 Billion | ▲ +151.4% |
| 2011 | 0.01x | CA$42.00 Million | CA$6.24 Billion | CA$6.20 Billion | ▼ -95.5% |
| 2010 | 0.15x | CA$949.00 Million | CA$6.28 Billion | CA$5.33 Billion | ▼ -69.0% |
| 2009 | 0.49x | CA$2.83 Billion | CA$5.81 Billion | CA$2.98 Billion | ▲ +593.8% |
| 2008 | -0.10x | CA$-666.59 Million | CA$6.77 Billion | CA$7.43 Billion | ▲ +11.2% |
| 2007 | -0.11x | CA$-645.55 Million | CA$5.82 Billion | CA$6.46 Billion | ▲ +85.0% |
| 2006 | -0.74x | CA$-3.09 Billion | CA$4.18 Billion | CA$7.27 Billion | ▼ -553.4% |
| 2005 | -0.11x | CA$-543.09 Million | CA$4.80 Billion | CA$5.34 Billion | ▲ +53.2% |
| 2004 | -0.24x | CA$-892.73 Million | CA$3.69 Billion | CA$4.58 Billion | ▼ -225.1% |
| 2003 | 0.19x | CA$605.44 Million | CA$3.13 Billion | CA$2.53 Billion | ▲ +44.4% |
| 2002 | 0.13x | CA$270.70 Million | CA$2.02 Billion | CA$1.75 Billion | ▲ +517.8% |
| 2001 | -0.03x | CA$-60.49 Million | CA$1.89 Billion | CA$1.95 Billion | ▼ -110.9% |
| 2000 | 0.29x | CA$536.89 Million | CA$1.83 Billion | CA$1.30 Billion | ▲ +115.7% |
| 1999 | -1.87x | CA$-1.25 Billion | CA$668.40 Million | CA$1.92 Billion | ▼ -84.5% |
| 1998 | -1.01x | CA$-373.07 Million | CA$368.42 Million | CA$741.49 Million | ▲ +16.8% |
| 1997 | -1.22x | CA$-633.31 Million | CA$520.37 Million | CA$1.15 Billion | ▲ +46.6% |
| 1996 | -2.28x | CA$-844.00 Million | CA$370.60 Million | CA$1.21 Billion | ▼ -235.5% |
| 1995 | -0.68x | CA$-100.40 Million | CA$147.90 Million | CA$248.30 Million | ▲ +51.3% |
| 1994 | -1.39x | CA$-210.50 Million | CA$150.90 Million | CA$361.40 Million | ▲ +34.4% |
| 1993 | -2.13x | CA$-191.40 Million | CA$90.00 Million | CA$281.40 Million | — |