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CNQ vs. EOG: Canadian Natural Resources vs. EOG Resources Stock Comparison

How do Canadian Natural Resources (CNQ) and EOG Resources (EOG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Canadian Natural Resources (CNQ) and EOG Resources (EOG) are both classified in the Oil & Gas Exploration & Production sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Company profile comparison for Canadian Natural Resources (CNQ) and EOG Resources (EOG)
Profile ItemCNQEOG
NameCanadian Natural Resources Ltd.EOG Resources, Inc.
Country/RegionCanadaUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Exploration & ProductionOil & Gas Exploration & Production
Market Capitalization98.81 billion USD76.28 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJuly 31, 2000October 4, 1989
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CNQ
EOG
GSPC
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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Canadian Natural Resources (CNQ) and EOG Resources (EOG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Canadian Natural Resources (CNQ) and EOG Resources (EOG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Canadian Natural Resources (CNQ) and EOG Resources (EOG)
MetricCNQEOG
Total Return (1Y)56.47%45.14%
Total Return (3Y, Annualized)19.27%10.80%
Total Return (5Y, Annualized)23.01%14.14%

Risk Profile

Drawdown History

CNQ
EOG
GSPC
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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Canadian Natural Resources (CNQ) and EOG Resources (EOG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Canadian Natural Resources (CNQ) and EOG Resources (EOG)
MetricCNQEOG
Volatility (1Y, Annualized)32.07%30.35%
Beta (5Y)0.480.30
Max Drawdown (5Y)-35.85%-33.42%
Avg. Volume (3M)6.32M2.98M

Risk-Adjusted Performance

Risk-Return Positioning

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CNQ and EOG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Canadian Natural Resources (CNQ) and EOG Resources (EOG)
MetricCNQEOG
Sharpe Ratio (1Y)1.631.35
Sortino Ratio (1Y)2.311.95

Profitability

ROE (TTM)

Both Canadian Natural Resources (CNQ) at 32.39% and EOG Resources (EOG) at 25.83% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

CNQ

Energy industry group

32.39%

Max
53.85%
CNQ
32.39%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%

EOG

Energy industry group

25.83%

Max
53.85%
EOG
25.83%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Canadian Natural Resources (CNQ) at 29.51% and EOG Resources (EOG) at 28.06% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

CNQ

Energy industry group

29.51%

Max
56.92%
CNQ
29.51%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%

EOG

Energy industry group

28.06%

Max
56.92%
EOG
28.06%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

EOG Resources (EOG) at 40.84% operates in the top operating margin quartile, ahead of Canadian Natural Resources (CNQ) at 32.24%, which runs around its industry’s norm.

CNQ

Energy industry group

32.24%

Max
71.31%
Q3
33.75%
CNQ
32.24%
Median
18.73%
Q1
6.94%
Min
-24.52%

EOG

Energy industry group

40.84%

Max
71.31%
EOG
40.84%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Canadian Natural Resources (CNQ) and EOG Resources (EOG)
MetricCNQEOG
ROE (TTM)32.39%25.83%
ROA (TTM)9.97%11.90%
Net Margin (TTM)29.51%28.06%
Operating Margin (TTM)32.24%40.84%
Gross Margin (TTM)52.92%62.98%

Growth

Revenue Growth

Both Canadian Natural Resources (CNQ) at 6.40% and EOG Resources (EOG) at -3.40% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Canadian Natural Resources (CNQ) at 81.05% sits in the top EPS growth quartile, while EOG Resources (EOG) at -18.93% is closer to the peer norm — faster per-share earnings growth for CNQ.

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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Canadian Natural Resources (CNQ) and EOG Resources (EOG)
MetricCNQEOG
Revenue Growth (YoY)6.40%-3.40%
Revenue Growth (3Y CAGR)-3.75%-8.51%
EPS Growth (YoY)81.05%-18.93%
EPS Growth (3Y CAGR)2.73%-11.64%

Financial Strength

Current Ratio (MRQ)

Both Canadian Natural Resources (CNQ) at 0.99 and EOG Resources (EOG) at 1.90 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

CNQ

Energy industry group

0.99

Max
3.64
Q3
2.21
Median
1.41
CNQ
0.99
Q1
0.88
Min
0.24

EOG

Energy industry group

1.90

Max
3.64
Q3
2.21
EOG
1.90
Median
1.41
Q1
0.88
Min
0.24
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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

EOG Resources (EOG) at 0.25 keeps leverage in the lower industry quartile, while Canadian Natural Resources (CNQ) at 0.42 runs a more typical debt-to-equity mix.

CNQ

Energy industry group

0.42

Max
1.75
Q3
0.93
Median
0.54
CNQ
0.42
Q1
0.30
Min
0.00

EOG

Energy industry group

0.25

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
EOG
0.25
Min
0.00
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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Canadian Natural Resources (CNQ) and EOG Resources (EOG)
MetricCNQEOG
Current Ratio (MRQ)0.991.90
Debt / Equity (MRQ)0.420.25
Net Debt / EBITDA0.670.16

Dividends

Dividend Yield (TTM)

Canadian Natural Resources (CNQ) at 5.03% delivers top-quartile income for its industry, while EOG Resources (EOG) at 2.82% pays a more typical yield — both are credible income propositions, CNQ the richer one.

CNQ

Energy industry group

5.03%

Max
8.57%
CNQ
5.03%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

EOG

Energy industry group

2.82%

Max
8.57%
Q3
3.58%
EOG
2.82%
Median
1.71%
Q1
0.00%
Min
0.00%
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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Canadian Natural Resources (CNQ) at 36.37% and EOG Resources (EOG) at 26.34% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CNQ

Energy industry group

36.37%

Max
133.24%
Q3
53.31%
CNQ
36.37%
Median
25.24%
Q1
0.00%
Min
0.00%

EOG

Energy industry group

26.34%

Max
133.24%
Q3
53.31%
EOG
26.34%
Median
25.24%
Q1
0.00%
Min
0.00%
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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Canadian Natural Resources (CNQ) and EOG Resources (EOG)
MetricCNQEOG
Dividend Yield (TTM)5.03%2.82%
Dividend Payout Ratio (TTM)36.37%26.34%

Valuation

P/E Ratio (TTM)

Both Canadian Natural Resources (CNQ) at 9.95 and EOG Resources (EOG) at 9.50 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CNQ

Energy industry group

9.95

Max
39.54
Q3
21.72
Median
12.19
CNQ
9.95
Q1
7.71
Min
2.99

EOG

Energy industry group

9.50

Max
39.54
Q3
21.72
Median
12.19
EOG
9.50
Q1
7.71
Min
2.99
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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Canadian Natural Resources (CNQ) at 2.06 and EOG Resources (EOG) at 2.61 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CNQ

Energy industry group

2.06

Max
5.40
Q3
2.85
CNQ
2.06
Median
1.69
Q1
0.88
Min
0.00

EOG

Energy industry group

2.61

Max
5.40
Q3
2.85
EOG
2.61
Median
1.69
Q1
0.88
Min
0.00
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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

EOG Resources (EOG) at 2.31 is valued about in line with its industry on P/B ratio, while Canadian Natural Resources (CNQ) at 2.97 carries an above-peer premium to book — CNQ is pricier on assets.

CNQ

Energy industry group

2.97

Max
4.21
CNQ
2.97
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

EOG

Energy industry group

2.31

Max
4.21
Q3
2.38
EOG
2.31
Median
1.51
Q1
1.08
Min
0.01
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Canadian Natural Resources (CNQ) vs. EOG Resources (EOG): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Canadian Natural Resources (CNQ) and EOG Resources (EOG)
MetricCNQEOG
P/E Ratio (TTM)9.959.50
P/S Ratio (TTM)2.062.61
P/B Ratio (MRQ)2.972.31
Free Cash Flow Yield (TTM)12.33%7.29%