Oil & Gas Exploration & Production
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5 / 10Stock Comparison
CNQ vs SOC vs HAL vs SLB vs BKR
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Drilling
Oil & Gas Equipment & Services
Oil & Gas Equipment & Services
Oil & Gas Equipment & Services
CNQ vs SOC vs HAL vs SLB vs BKR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Drilling | Oil & Gas Equipment & Services | Oil & Gas Equipment & Services | Oil & Gas Equipment & Services |
| Market Cap | $93.39B | $1.84T | $32.68B | $79.62B | $63.00B |
| Revenue (TTM) | $41.50B | $1M | $22.17B | $35.71B | $27.89B |
| Net Income (TTM) | $10.82B | $-498M | $1.54B | $3.35B | $3.12B |
| Gross Margin | 30.1% | -8.7% | 15.3% | 18.2% | 23.6% |
| Operating Margin | 27.8% | -367.6% | 11.3% | 15.3% | 25.3% |
| Forward P/E | 7.7x | 7.9x | 17.1x | 20.3x | 26.7x |
| Total Debt | $19.71B | $0.00 | $8.13B | $12.31B | $7.14B |
| Cash & Equiv. | $672M | $98M | $2.21B | $3.04B | $3.71B |
CNQ vs SOC vs HAL vs SLB vs BKR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Apr 21 | May 26 | Return |
|---|---|---|---|
| Canadian Natural Re… (CNQ) | 100 | 293.2 | +193.2% |
| Sable Offshore Corp. (SOC) | 100 | 132.6 | +32.6% |
| Halliburton Company (HAL) | 100 | 203.6 | +103.6% |
| SLB N.V. (SLB) | 100 | 196.9 | +96.9% |
| Baker Hughes Company (BKR) | 100 | 318.2 | +218.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CNQ vs SOC vs HAL vs SLB vs BKR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CNQ carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 8.6%, EPS growth 81.1%, 3Y rev CAGR -7.9%
- 302.8% 10Y total return vs BKR's 186.8%
- Lower P/E (7.7x vs 26.7x)
- 26.1% margin vs SOC's -391.5%
SOC ranks third and is worth considering specifically for growth.
- 9.5% revenue growth vs HAL's -3.3%
HAL is the #2 pick in this set and the best alternative if income & stability and defensive is your priority.
- Dividend streak 4 yrs, beta 0.57, yield 1.8%
- Beta 0.57, yield 1.8%, current ratio 2.04x
- Beta 0.57 vs SOC's 1.51
- +105.6% vs SOC's -36.8%
SLB lags the leaders in this set but could rank higher in a more targeted comparison.
BKR is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 0.83, Low D/E 37.6%, current ratio 1.36x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 9.5% revenue growth vs HAL's -3.3% | |
| Value | Lower P/E (7.7x vs 26.7x) | |
| Quality / Margins | 26.1% margin vs SOC's -391.5% | |
| Stability / Safety | Beta 0.57 vs SOC's 1.51 | |
| Dividends | 3.8% yield, 2-year raise streak, vs SLB's 2.0%, (1 stock pays no dividend) | |
| Momentum (1Y) | +105.6% vs SOC's -36.8% | |
| Efficiency (ROA) | 12.5% ROA vs SOC's -28.9%, ROIC 10.0% vs -44.6% |
CNQ vs SOC vs HAL vs SLB vs BKR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
CNQ vs SOC vs HAL vs SLB vs BKR — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
CNQ leads in 3 of 6 categories
BKR leads 1 • SOC leads 0 • HAL leads 0 • SLB leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
CNQ leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CNQ is the larger business by revenue, generating $41.5B annually — 32654.7x SOC's $1M. CNQ is the more profitable business, keeping 26.1% of every revenue dollar as net income compared to SOC's -391.5%. On growth, SLB holds the edge at +5.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $41.5B | $1M | $22.2B | $35.7B | $27.9B |
| EBITDAEarnings before interest/tax | $21.1B | -$454M | $3.4B | $7.4B | $4.5B |
| Net IncomeAfter-tax profit | $10.8B | -$498M | $1.5B | $3.4B | $3.1B |
| Free Cash FlowCash after capex | $8.3B | -$611M | $1.7B | $4.8B | $2.6B |
| Gross MarginGross profit ÷ Revenue | +30.1% | -8.7% | +15.3% | +18.2% | +23.6% |
| Operating MarginEBIT ÷ Revenue | +27.8% | -367.6% | +11.3% | +15.3% | +25.3% |
| Net MarginNet income ÷ Revenue | +26.1% | -391.5% | +6.9% | +9.4% | +11.2% |
| FCF MarginFCF ÷ Revenue | +20.0% | -480.4% | +7.6% | +13.4% | +9.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -13.2% | — | -0.3% | +5.0% | +2.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.7% | -5.4% | +129.2% | -31.2% | +132.5% |
Valuation Metrics
CNQ leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 11.8x trailing earnings, CNQ trades at a 55% valuation discount to HAL's 26.1x P/E. On an enterprise value basis, CNQ's 8.1x EV/EBITDA is more attractive than BKR's 14.0x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $93.4B | $1.84T | $32.7B | $79.6B | $63.0B |
| Enterprise ValueMkt cap + debt − cash | $107.3B | $1.84T | $38.6B | $88.9B | $66.4B |
| Trailing P/EPrice ÷ TTM EPS | 11.84x | -3.07x | 26.09x | 22.57x | 24.43x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.66x | 7.88x | 17.13x | 20.26x | 26.67x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 8.15x | — | 11.37x | 12.07x | 14.00x |
| Price / SalesMarket cap ÷ Revenue | 3.29x | — | 1.47x | 2.23x | 2.27x |
| Price / BookPrice ÷ Book value/share | 2.89x | 2359.43x | 3.13x | 2.89x | 3.32x |
| Price / FCFMarket cap ÷ FCF | 15.13x | — | 19.55x | 16.60x | 24.83x |
Profitability & Efficiency
CNQ leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
CNQ delivers a 26.0% return on equity — every $100 of shareholder capital generates $26 in annual profit, vs $-114 for SOC. BKR carries lower financial leverage with a 0.38x debt-to-equity ratio, signaling a more conservative balance sheet compared to HAL's 0.77x. On the Piotroski fundamental quality scale (0–9), CNQ scores 8/9 vs SOC's 2/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +26.0% | -113.8% | +14.6% | +13.9% | +16.1% |
| ROA (TTM)Return on assets | +12.5% | -28.9% | +6.1% | +6.5% | +7.3% |
| ROICReturn on invested capital | +10.0% | -44.6% | +10.2% | +12.1% | +12.7% |
| ROCEReturn on capital employed | +10.3% | -37.5% | +11.6% | +14.3% | +13.6% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 2 | 5 | 4 | 6 |
| Debt / EquityFinancial leverage | 0.44x | — | 0.77x | 0.45x | 0.38x |
| Net DebtTotal debt minus cash | $19.0B | -$98M | $5.9B | $9.3B | $3.4B |
| Cash & Equiv.Liquid assets | $672M | $98M | $2.2B | $3.0B | $3.7B |
| Total DebtShort + long-term debt | $19.7B | $0 | $8.1B | $12.3B | $7.1B |
| Interest CoverageEBIT ÷ Interest expense | 10.52x | -2.28x | 9.19x | 9.40x | 9.68x |
Total Returns (Dividends Reinvested)
BKR leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CNQ five years ago would be worth $30,375 today (with dividends reinvested), compared to $13,264 for SOC. Over the past 12 months, HAL leads with a +105.6% total return vs SOC's -36.8%. The 3-year compound annual growth rate (CAGR) favors BKR at 33.1% vs SLB's 6.5% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +31.8% | +9.5% | +32.8% | +32.7% | +35.7% |
| 1-Year ReturnPast 12 months | +61.7% | -36.8% | +105.6% | +61.8% | +77.5% |
| 3-Year ReturnCumulative with dividends | +73.2% | +26.5% | +37.4% | +20.8% | +136.0% |
| 5-Year ReturnCumulative with dividends | +203.8% | +32.6% | +82.6% | +80.6% | +175.3% |
| 10-Year ReturnCumulative with dividends | +302.8% | +32.4% | +16.2% | -9.2% | +186.8% |
| CAGR (3Y)Annualised 3-year return | +20.1% | +8.2% | +11.2% | +6.5% | +33.1% |
Risk & Volatility
Evenly matched — CNQ and SLB each lead in 1 of 2 comparable metrics.
Risk & Volatility
CNQ is the less volatile stock with a -0.02 beta — it tends to amplify market swings less than SOC's 1.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SLB currently trades 92.7% from its 52-week high vs SOC's 36.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.09x | 1.42x | 0.48x | 0.83x | 0.79x |
| 52-Week HighHighest price in past year | $51.34 | $35.00 | $42.46 | $57.20 | $70.41 |
| 52-Week LowLowest price in past year | $28.27 | $3.72 | $19.22 | $31.64 | $35.83 |
| % of 52W HighCurrent price vs 52-week peak | +87.2% | +36.7% | +92.2% | +92.7% | +90.2% |
| RSI (14)Momentum oscillator 0–100 | 47.4 | 45.8 | 55.7 | 57.9 | 57.1 |
| Avg Volume (50D)Average daily shares traded | 11.4M | 5.4M | 15.0M | 16.3M | 9.1M |
Analyst Outlook
Evenly matched — CNQ and HAL and SLB and BKR each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: CNQ as "Buy", SOC as "Buy", HAL as "Buy", SLB as "Buy", BKR as "Buy". Consensus price targets imply 118.1% upside for SOC (target: $28) vs -21.8% for CNQ (target: $35). For income investors, CNQ offers the higher dividend yield at 3.80% vs BKR's 1.44%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $35.00 | $28.00 | $39.64 | $58.66 | $73.20 |
| # AnalystsCovering analysts | 37 | 4 | 64 | 66 | 45 |
| Dividend YieldAnnual dividend ÷ price | +3.8% | — | +1.8% | +2.0% | +1.4% |
| Dividend StreakConsecutive years of raises | 2 | — | 4 | 4 | 4 |
| Dividend / ShareAnnual DPS | $2.32 | — | $0.69 | $1.08 | $0.92 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.1% | 0.0% | +3.1% | +3.0% | +0.6% |
CNQ leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). BKR leads in 1 (Total Returns). 2 tied.
CNQ vs SOC vs HAL vs SLB vs BKR: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is CNQ or SOC or HAL or SLB or BKR a better buy right now?
For growth investors, Canadian Natural Resources Limited (CNQ) is the stronger pick with 8.
6% revenue growth year-over-year, versus -3. 3% for Halliburton Company (HAL). Canadian Natural Resources Limited (CNQ) offers the better valuation at 11. 8x trailing P/E (7. 7x forward), making it the more compelling value choice. Analysts rate Canadian Natural Resources Limited (CNQ) a "Buy" — based on 37 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CNQ or SOC or HAL or SLB or BKR?
On trailing P/E, Canadian Natural Resources Limited (CNQ) is the cheapest at 11.
8x versus Halliburton Company at 26. 1x. On forward P/E, Canadian Natural Resources Limited is actually cheaper at 7. 7x.
03Which is the better long-term investment — CNQ or SOC or HAL or SLB or BKR?
Over the past 5 years, Canadian Natural Resources Limited (CNQ) delivered a total return of +203.
8%, compared to +32. 6% for Sable Offshore Corp. (SOC). Over 10 years, the gap is even starker: CNQ returned +301. 0% versus SLB's -8. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CNQ or SOC or HAL or SLB or BKR?
By beta (market sensitivity over 5 years), Canadian Natural Resources Limited (CNQ) is the lower-risk stock at -0.
09β versus Sable Offshore Corp. 's 1. 42β — meaning SOC is approximately -1743% more volatile than CNQ relative to the S&P 500. On balance sheet safety, Baker Hughes Company (BKR) carries a lower debt/equity ratio of 38% versus 77% for Halliburton Company — giving it more financial flexibility in a downturn.
05Which is growing faster — CNQ or SOC or HAL or SLB or BKR?
By revenue growth (latest reported year), Canadian Natural Resources Limited (CNQ) is pulling ahead at 8.
6% versus -3. 3% for Halliburton Company (HAL). On earnings-per-share growth, the picture is similar: Canadian Natural Resources Limited grew EPS 81. 1% year-over-year, compared to -47. 0% for Halliburton Company. Over a 3-year CAGR, BKR leads at 9. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CNQ or SOC or HAL or SLB or BKR?
Canadian Natural Resources Limited (CNQ) is the more profitable company, earning 27.
9% net margin versus -391. 5% for Sable Offshore Corp. — meaning it keeps 27. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CNQ leads at 21. 2% versus -367. 6% for SOC. At the gross margin level — before operating expenses — BKR leads at 23. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CNQ or SOC or HAL or SLB or BKR more undervalued right now?
On forward earnings alone, Canadian Natural Resources Limited (CNQ) trades at 7.
7x forward P/E versus 26. 7x for Baker Hughes Company — 19. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SOC: 118. 1% to $28. 00.
08Which pays a better dividend — CNQ or SOC or HAL or SLB or BKR?
In this comparison, CNQ (3.
8% yield), SLB (2. 0% yield), HAL (1. 8% yield), BKR (1. 4% yield) pay a dividend. SOC does not pay a meaningful dividend and should not be held primarily for income.
09Is CNQ or SOC or HAL or SLB or BKR better for a retirement portfolio?
For long-horizon retirement investors, Canadian Natural Resources Limited (CNQ) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
09), 3. 8% yield, +301. 0% 10Y return). Both have compounded well over 10 years (CNQ: +301. 0%, SOC: +32. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CNQ and SOC and HAL and SLB and BKR?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: CNQ is a mid-cap deep-value stock; SOC is a mega-cap quality compounder stock; HAL is a mid-cap quality compounder stock; SLB is a mid-cap quality compounder stock; BKR is a mid-cap quality compounder stock. CNQ, HAL, SLB, BKR pay a dividend while SOC does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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