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$CNQ
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Consolidated Balance Sheets

In millions of CAD, except per-share amounts
Q4 FY2025
As of Dec 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q4 FY2022
As of Dec 31, 2022
Q4 FY2021
As of Dec 31, 2021
Q4 FY2020
As of Dec 31, 2020
Q4 FY2019
As of Dec 31, 2019
Q4 FY2018
As of Dec 31, 2018
Q4 FY2017
As of Dec 31, 2017
ASSETS
Current assets
Cash and cash equivalents
Accounts receivable
Inventory
Prepaids and other
Investments
Current portion of other long-term assets
Current assets
Non-current assets
Exploration and evaluation assets
Property, plant and equipment
Lease assets
Other long-term assets
Assets
LIABILITIES
Current liabilities
Accounts payable
Accrued liabilities
Current income taxes payable
Current portion of long-term debt
Current portion of other long-term liabilities
Current liabilities
Long-term debt
Other long-term liabilities
Deferred income taxes
Liabilities
SHAREHOLDERS' EQUITY
Share capital
Retained earnings
Accumulated other comprehensive income
Shareholders' equity
Liabilities and shareholders' equity

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