Oil & Gas Exploration & Production
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CNQ vs XOM
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Integrated
CNQ vs XOM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Integrated |
| Market Cap | $95.18B | $629.60B |
| Revenue (TTM) | $41.50B | $323.90B |
| Net Income (TTM) | $10.82B | $28.84B |
| Gross Margin | 30.1% | 21.7% |
| Operating Margin | 27.8% | 10.5% |
| Forward P/E | 8.2x | 15.0x |
| Total Debt | $19.71B | $43.54B |
| Cash & Equiv. | $672M | $10.68B |
CNQ vs XOM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Canadian Natural Re… (CNQ) | 100 | 504.2 | +404.2% |
| Exxon Mobil Corpora… (XOM) | 100 | 326.7 | +226.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CNQ vs XOM
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 income & stability and growth exposure.
- Dividend streak 2 yrs, beta -0.02, yield 3.7%
- Rev growth 8.6%, EPS growth 81.1%, 3Y rev CAGR -7.9%
- 307.9% 10Y total return vs XOM's 107.4%
XOM is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta -0.15, Low D/E 16.3%, current ratio 1.15x
- Lower D/E ratio (16.3% vs 44.5%)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.6% revenue growth vs XOM's -4.5% | |
| Value | Lower P/E (8.2x vs 15.0x) | |
| Quality / Margins | 26.1% margin vs XOM's 8.9% | |
| Stability / Safety | Lower D/E ratio (16.3% vs 44.5%) | |
| Dividends | 3.7% yield, 2-year raise streak, vs XOM's 2.7% | |
| Momentum (1Y) | +66.0% vs XOM's +45.7% | |
| Efficiency (ROA) | 12.5% ROA vs XOM's 6.4%, ROIC 10.0% vs 8.6% |
CNQ vs XOM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CNQ vs XOM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CNQ leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
XOM is the larger business by revenue, generating $323.9B annually — 7.8x CNQ's $41.5B. CNQ is the more profitable business, keeping 26.1% of every revenue dollar as net income compared to XOM's 8.9%. On growth, XOM holds the edge at -1.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $41.5B | $323.9B |
| EBITDAEarnings before interest/tax | $21.1B | $59.9B |
| Net IncomeAfter-tax profit | $10.8B | $28.8B |
| Free Cash FlowCash after capex | $8.3B | $23.6B |
| Gross MarginGross profit ÷ Revenue | +30.1% | +21.7% |
| Operating MarginEBIT ÷ Revenue | +27.8% | +10.5% |
| Net MarginNet income ÷ Revenue | +26.1% | +8.9% |
| FCF MarginFCF ÷ Revenue | +20.0% | +7.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | -13.2% | -1.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.7% | -11.0% |
Valuation Metrics
CNQ leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 12.0x trailing earnings, CNQ trades at a 46% valuation discount to XOM's 22.2x P/E. On an enterprise value basis, CNQ's 8.3x EV/EBITDA is more attractive than XOM's 11.1x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $95.2B | $629.6B |
| Enterprise ValueMkt cap + debt − cash | $109.2B | $662.5B |
| Trailing P/EPrice ÷ TTM EPS | 12.02x | 22.17x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.17x | 15.00x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 8.25x | 11.05x |
| Price / SalesMarket cap ÷ Revenue | 3.34x | 1.94x |
| Price / BookPrice ÷ Book value/share | 2.93x | 2.40x |
| Price / FCFMarket cap ÷ FCF | 15.35x | 26.66x |
Profitability & Efficiency
CNQ leads this category, winning 7 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 $11 for XOM. XOM carries lower financial leverage with a 0.16x debt-to-equity ratio, signaling a more conservative balance sheet compared to CNQ's 0.44x. On the Piotroski fundamental quality scale (0–9), CNQ scores 8/9 vs XOM's 3/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +26.0% | +10.7% |
| ROA (TTM)Return on assets | +12.5% | +6.4% |
| ROICReturn on invested capital | +10.0% | +8.6% |
| ROCEReturn on capital employed | +10.3% | +8.9% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 3 |
| Debt / EquityFinancial leverage | 0.44x | 0.16x |
| Net DebtTotal debt minus cash | $19.0B | $32.9B |
| Cash & Equiv.Liquid assets | $672M | $10.7B |
| Total DebtShort + long-term debt | $19.7B | $43.5B |
| Interest CoverageEBIT ÷ Interest expense | 10.52x | 69.44x |
Total Returns (Dividends Reinvested)
CNQ leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CNQ five years ago would be worth $31,954 today (with dividends reinvested), compared to $27,178 for XOM. Over the past 12 months, CNQ leads with a +66.0% total return vs XOM's +45.7%. The 3-year compound annual growth rate (CAGR) favors CNQ at 20.8% vs XOM's 13.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +34.3% | +22.0% |
| 1-Year ReturnPast 12 months | +66.0% | +45.7% |
| 3-Year ReturnCumulative with dividends | +76.2% | +46.8% |
| 5-Year ReturnCumulative with dividends | +219.5% | +171.8% |
| 10-Year ReturnCumulative with dividends | +307.9% | +107.4% |
| CAGR (3Y)Annualised 3-year return | +20.8% | +13.7% |
Risk & Volatility
Evenly matched — CNQ and XOM each lead in 1 of 2 comparable metrics.
Risk & Volatility
XOM is the less volatile stock with a -0.15 beta — it tends to amplify market swings less than CNQ's -0.02 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CNQ currently trades 88.9% from its 52-week high vs XOM's 84.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.02x | -0.15x |
| 52-Week HighHighest price in past year | $51.34 | $176.41 |
| 52-Week LowLowest price in past year | $28.15 | $101.19 |
| % of 52W HighCurrent price vs 52-week peak | +88.9% | +84.2% |
| RSI (14)Momentum oscillator 0–100 | 57.2 | 53.2 |
| Avg Volume (50D)Average daily shares traded | 11.4M | 18.8M |
Analyst Outlook
Evenly matched — CNQ and XOM each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CNQ as "Buy" and XOM as "Hold". Consensus price targets imply 8.0% upside for XOM (target: $160) vs -23.3% for CNQ (target: $35). For income investors, CNQ offers the higher dividend yield at 3.74% vs XOM's 2.69%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $35.00 | $160.43 |
| # AnalystsCovering analysts | 37 | 55 |
| Dividend YieldAnnual dividend ÷ price | +3.7% | +2.7% |
| Dividend StreakConsecutive years of raises | 2 | 26 |
| Dividend / ShareAnnual DPS | $2.32 | $4.00 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.1% | +3.2% |
CNQ leads in 4 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 2 categories are tied.
CNQ vs XOM: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CNQ or XOM 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 -4. 5% for Exxon Mobil Corporation (XOM). Canadian Natural Resources Limited (CNQ) offers the better valuation at 12. 0x trailing P/E (8. 2x 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 XOM?
On trailing P/E, Canadian Natural Resources Limited (CNQ) is the cheapest at 12.
0x versus Exxon Mobil Corporation at 22. 2x. On forward P/E, Canadian Natural Resources Limited is actually cheaper at 8. 2x.
03Which is the better long-term investment — CNQ or XOM?
Over the past 5 years, Canadian Natural Resources Limited (CNQ) delivered a total return of +219.
5%, compared to +171. 8% for Exxon Mobil Corporation (XOM). Over 10 years, the gap is even starker: CNQ returned +307. 9% versus XOM's +107. 4%. 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 XOM?
By beta (market sensitivity over 5 years), Exxon Mobil Corporation (XOM) is the lower-risk stock at -0.
15β versus Canadian Natural Resources Limited's -0. 02β — meaning CNQ is approximately -85% more volatile than XOM relative to the S&P 500. On balance sheet safety, Exxon Mobil Corporation (XOM) carries a lower debt/equity ratio of 16% versus 44% for Canadian Natural Resources Limited — giving it more financial flexibility in a downturn.
05Which is growing faster — CNQ or XOM?
By revenue growth (latest reported year), Canadian Natural Resources Limited (CNQ) is pulling ahead at 8.
6% versus -4. 5% for Exxon Mobil Corporation (XOM). On earnings-per-share growth, the picture is similar: Canadian Natural Resources Limited grew EPS 81. 1% year-over-year, compared to -14. 5% for Exxon Mobil Corporation. Over a 3-year CAGR, XOM leads at -6. 7% 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 XOM?
Canadian Natural Resources Limited (CNQ) is the more profitable company, earning 27.
9% net margin versus 8. 9% for Exxon Mobil Corporation — 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 10. 5% for XOM. At the gross margin level — before operating expenses — CNQ leads at 23. 3%, 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 XOM more undervalued right now?
On forward earnings alone, Canadian Natural Resources Limited (CNQ) trades at 8.
2x forward P/E versus 15. 0x for Exxon Mobil Corporation — 6. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for XOM: 8. 0% to $160. 43.
08Which pays a better dividend — CNQ or XOM?
All stocks in this comparison pay dividends.
Canadian Natural Resources Limited (CNQ) offers the highest yield at 3. 7%, versus 2. 7% for Exxon Mobil Corporation (XOM).
09Is CNQ or XOM 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.
02), 3. 7% yield, +307. 9% 10Y return). Both have compounded well over 10 years (CNQ: +307. 9%, XOM: +107. 4%), 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 XOM?
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; XOM is a large-cap quality compounder stock. 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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