Canadian Natural Resources (TSX:CNQ) Inventories, Raw Materials & Components: C$1,885 Mil (As of Dec. 2025)

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TSX:CNQ Canadian Natural Resources Ltd TSX:CNQ
83 GF Score
Price C$61.42
GF Value C$48.61
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Canadian Natural Resources Inventories, Raw Materials & Components?

Canadian Natural Resources TSX:CNQ +2.03% 83 Inventories, Raw Materials & Components is C$1,885 Mil as of Dec. 2025. GuruFocus rates TSX:CNQ with a GF Score™ of 83/100 and a GF Value™ of C$48.61 (Modestly Overvalued). The stock has 1 warning sign investors should review.

Canadian Natural Resources's inventories, raw materials & components for the quarter that ended in Dec. 2025 was C$1,885 Mil.

Canadian Natural Resources's quarterly raw materials stayed the same from Jun. 2025 (C$0 Mil) to Sep. 2025 (C$0 Mil) but then increased from Sep. 2025 (C$0 Mil) to Dec. 2025 (C$1,885 Mil).

Canadian Natural Resources's annual raw materials increased from Dec. 2023 (C$1,488 Mil) to Dec. 2024 (C$1,807 Mil) and increased from Dec. 2024 (C$1,807 Mil) to Dec. 2025 (C$1,885 Mil).

Canadian Natural Resources Inventories, Raw Materials & Components Historical Data

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The historical data trend for Canadian Natural Resources's Inventories, Raw Materials & Components can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Canadian Natural Resources Inventories, Raw Materials & Components Chart

Canadian Natural Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventories, Raw Materials & Components
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,013.00 1,204.00 1,488.00 1,807.00 1,885.00

Canadian Natural Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventories, Raw Materials & Components Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 1,885.00 0.00
TSX:CNQ
83GF Score
Canadian Natural Resources Ltd TSX:CNQ
Inventories, Raw Materials & Components is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian Natural Resources Inventories, Raw Materials & Components Calculation

Materials and components scheduled for use in making a product.

What does a Inventories, Raw Materials & Components of C$1,885 Mil mean?
Canadian Natural Resources (TSX:CNQ) has a Inventories, Raw Materials & Components of C$1,885 Mil as of Dec. 2025. Raw materials are the components a company uses for its main products. View historical data on Canadian Natural Resources and its competitors.
Is Canadian Natural Resources' Inventories, Raw Materials & Components too high?
Canadian Natural Resources' current Inventories, Raw Materials & Components is C$1,885 Mil. Overall, Canadian Natural Resources has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Natural Resources' Inventories, Raw Materials & Components compare to COP and EOG?
Canadian Natural Resources' Inventories, Raw Materials & Components of C$1,885 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventories, Raw Materials & Components for an Oil & Gas company?
A good Inventories, Raw Materials & Components depends on the Oil & Gas industry context. However, Inventories, Raw Materials & Components should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventories, Raw Materials & Components mean?
A high Inventories, Raw Materials & Components can signal that a stock is expensive relative to its fundamentals. Raw materials are the components a company uses for its main products. View historical data on Canadian Natural Resources and its competitors. Canadian Natural Resources's current Inventories, Raw Materials & Components is C$1,885 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Natural Resources stock overvalued right now?
Based on GuruFocus' analysis, Canadian Natural Resources (TSX:CNQ) is currently considered Modestly Overvalued. The stock's GF Value™ is C$48.61, compared to a current price of C$61.42 — trading 26.4% above its estimated fair value. The current Inventories, Raw Materials & Components is C$1,885 Mil. Canadian Natural Resources' overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventories, Raw Materials & Components calculated?
Inventories, Raw Materials & Components is calculated from a company's financial statements. For Canadian Natural Resources (TSX:CNQ), the current Inventories, Raw Materials & Components is C$1,885 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Canadian Natural Resources (TSX:CNQ) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Natural Resources stock appears to be overvalued. The current stock price of C$61.42 is trading 26.4% above its estimated GF Value™ of C$48.61. GuruFocus considers Canadian Natural Resources to be Modestly Overvalued.

Key valuation signals for TSX:CNQ:

  • Inventories, Raw Materials & Components: C$1,885 Mil
  • GF Value™: C$48.61 vs. price of C$61.42 (26.4% above fair value)
  • GF Score™: 83/100 with 1 warning sign

No single metric tells the full story. See the TSX:CNQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Canadian Natural Resources Business Description

Industry EnergyOil & Gas
Address 855 - 2 Street S.W, Suite 2100, Calgary, AB, CAN, T2P 4J8
Canadian Natural Resources is the largest producer of oil and the second-largest producer of natural gas in Canada. It is principally involved in extracting heavy oils, natural gas, and bitumen through its drilling and mining operations. Bitumen from mining operations is upgraded into synthetic crude oil. Commodities produced are primarily exported to the US via pipeline. The company also has smaller offshore production operations in the North Sea and Africa.
83GF Score

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Inventories, Raw Materials & Components is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$61.42
Price
C$48.61
GF Value