Canadian Natural Resources (FRA:CRC) Tax Expense: €1,521 Mil (TTM As of Dec. 2025)


FRA:CRC Canadian Natural Resources Ltd FRA:CRC
78 GF Score
Price €34.74
GF Value €29.91
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Canadian Natural Resources Tax Expense?

Canadian Natural Resources FRA:CRC +0.58% 78 Tax Expense is €1,521 Mil as of Dec. 2025. GuruFocus rates FRA:CRC with a GF Score™ of 78/100 and a GF Value™ of €29.91 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Canadian Natural Resources's tax expense for the months ended in Dec. 2025 was €956 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2025 was €1,521 Mil.


Canadian Natural Resources  (FRA:CRC) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Canadian Natural Resources Tax Expense Related Terms


Canadian Natural Resources Tax Expense Historical Data

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The historical data trend for Canadian Natural Resources's Tax Expense 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 Tax Expense Chart

Canadian Natural Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,553.59 1,922.74 1,320.55 1,309.13 1,498.76

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
Tax Expense 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 411.73 222.02 -69.59 956.46 0.00
FRA:CRC
78GF Score
Canadian Natural Resources Ltd FRA:CRC
Tax Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian Natural Resources Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,521 Mil.

* 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.

Frequently Asked Questions Learn more about Tax Expense →
What does a Tax Expense of €1,521 Mil mean?
Canadian Natural Resources (FRA:CRC) has a Tax Expense of €1,521 Mil as of Dec. 2025. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Canadian Natural Resources and its competitors.
Is Canadian Natural Resources' Tax Expense too high?
Canadian Natural Resources' current Tax Expense is €1,521 Mil. Overall, Canadian Natural Resources has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Natural Resources' Tax Expense compare to COP and EOG?
Canadian Natural Resources' Tax Expense of €1,521 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 Tax Expense for an Oil & Gas company?
A good Tax Expense depends on the Oil & Gas industry context. However, Tax Expense 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 Tax Expense mean?
A high Tax Expense can signal that a stock is expensive relative to its fundamentals. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Canadian Natural Resources and its competitors. Canadian Natural Resources's current Tax Expense is €1,521 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 (FRA:CRC) is currently considered Modestly Overvalued. The stock's GF Value™ is €29.91, compared to a current price of €34.74 — trading 16.1% above its estimated fair value. The current Tax Expense is €1,521 Mil. Canadian Natural Resources' overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Expense calculated?
Tax Expense is calculated from a company's financial statements. For Canadian Natural Resources (FRA:CRC), the current Tax Expense is €1,521 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 (FRA:CRC) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Natural Resources stock appears to be overvalued. The current stock price of €34.74 is trading 16.1% above its estimated GF Value™ of €29.91. GuruFocus considers Canadian Natural Resources to be Modestly Overvalued.

Key valuation signals for FRA:CRC:

  • Tax Expense: €1,521 Mil
  • GF Value™: €29.91 vs. price of €34.74 (16.1% above fair value)
  • GF Score™: 78/100 with 2 warning signs

No single metric tells the full story. See the FRA:CRC 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.
78GF Score

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Tax Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€34.74
Price
€29.91
GF Value