Canadian Natural Resources Ltd

Common Name
Canadian Natural Resources
Country
Canada
Sector
Energy
Industry
Oil & Gas E&P
Employees
10,640
Ticker
CNQ
Exchange
TORONTO STOCK EXCHANGE
Description
Canadian Natural Resources Limited is a leading independent oil and natural gas exploration, development, and production company. Primarily operating within Canada, the company is a major player in th...

Canadian Natural Resources's GHG Emissions Data Preview

In 2022, Canadian Natural Resources completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Canadian Natural Resources has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2022202120202019 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Canadian Natural Resources’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Canadian Natural Resources’s data sources below and access millions more through our Disclosure Search.

a. Canadian Natural Resources's CDP Climate sourced from company’s website 2023
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b. Canadian Natural Resources's CDP Climate sourced from company’s website 2022
Trace every data point back to Canadian Natural Resources’s disclosures

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Insights into Canadian Natural Resources's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions of Canadian Natural Resources amounted to 26,335,775 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2021, the total operational greenhouse gas (GHG) emissions of Canadian Natural Resources decreased by 0.27%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Canadian Natural Resources's Scope 1 Emissions Over Time

2018201920202021202206 M12 M18 M24 MtCO2e+1%+8%-3%0%
  • Total Scope 1
  • Year-over-Year Change

What are Canadian Natural Resources's Scope 1 emissions?

In 2022, the total Scope 1 emissions of Canadian Natural Resources were 23,243,129 metric tons of CO₂ equivalent (tCO₂e). a

Has Canadian Natural Resources reduced its Scope 1 emissions over time?

Since 2018, Canadian Natural Resources's Scope 1 emissions have increased by 5.79%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2021), Canadian Natural Resources's Scope 1 emissions remained relatively stable, indicating that Canadian Natural Resources's emissions have plateaued with no significant change in its operational footprint. a b

What are Canadian Natural Resources's Scope 2 emissions?

In 2022, Canadian Natural Resources reported Scope 2 greenhouse gas (GHG) emissions of 3,092,646 tCO₂e using the location-based method. a

Has Canadian Natural Resources reduced its Scope 2 emissions over time?

Since 2018, Canadian Natural Resources's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Canadian Natural Resources 's emissions have plateaued with no significant change in its energy consumption footprint. a b

Compared to the previous year (2021), Canadian Natural Resources's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Canadian Natural Resources 's emissions have plateaued with no significant change in its energy consumption footprint. a b

What methodology does Canadian Natural Resources use for Scope 2 reporting?

In 2022, Canadian Natural Resources reported its Scope 2 emissions using the location-based method. a

Canadian Natural Resources's Scope 2 Emissions Over Time

201820192020202120220850 k1.7 M2.55 M3.4 MtCO2e
  • Total Scope 2 Location-Based

Insights into Canadian Natural Resources's Value Chain Emissions

In 2022, Canadian Natural Resources reported 124,113,645 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2022 disclosure of Canadian Natural Resources includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2021, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Canadian Natural Resources's Scope 3 Emissions Over Time

20212022035 M70 M105 M140 MtCO2e-6%
  • Total Scope 3
  • Year-over-Year Change

What are Canadian Natural Resources's Scope 3 emissions?

In 2022, Canadian Natural Resources reported total Scope 3 emissions of 124,113,645 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2021), Canadian Natural Resources's Scope 3 emissions remained relatively stable, indicating that Canadian Natural Resources 's emissions have plateaued with no significant change in its value chain footprint. a b

What categories of Scope 3 emissions does Canadian Natural Resources disclose?

In 2022, Canadian Natural Resources reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Canadian Natural Resources's Scope 3 emissions?

In 2022, the largest contributors to Canadian Natural Resources's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 124,113,645 tCO₂e (100%)

Canadian Natural Resources's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(100.0%)

Insights into Canadian Natural Resources’s GHG Emissions Intensity Compared to Industry Peers

In 2022, Canadian Natural Resources reported Scope 1 greenhouse gas (GHG) emissions of 23,243,129 tCO₂e and total revenues of USD 36,595 millions. This translates into an emissions intensity of 635.14 tCO₂e per millions USD. a

Canadian Natural Resources's Scope 1 Emissions Intensity Compared to Peers

20,000200,0001,000,00010,000,000100,000,000Scope 1 Emissions (tCO2e)2001,0005,00050,000200,000Revenues (Millions of USD)ARC ResourcesYear: 2022Scope 1: 1,827,985 tCO2eRevenue: $M 7,278Scope 1 Intensity: 251.17 tCO2e/$MDevon EnergyYear: 2023Scope 1: 4,370,000 tCO2eRevenue: $M 15,258Scope 1 Intensity: 286.41 tCO2e/$MParamount ResourcesYear: 2023Scope 1: 460,416 tCO2eRevenue: $M 1,551Scope 1 Intensity: 296.81 tCO2e/$MNuvista EnergyYear: 2023Scope 1: 319,098 tCO2eRevenue: $M 1,056Scope 1 Intensity: 302.16 tCO2e/$MMEG EnergyYear: 2022Scope 1: 2,368,081 tCO2eRevenue: $M 4,687Scope 1 Intensity: 505.30 tCO2e/$MWhitecap ResourcesYear: 2022Scope 1: 1,376,229 tCO2eRevenue: $M 3,532Scope 1 Intensity: 389.65 tCO2e/$MTourmaline OilYear: 2022Scope 1: 2,933,544 tCO2eRevenue: $M 6,411Scope 1 Intensity: 457.55 tCO2e/$MEQT CorpYear: 2023Scope 1: 668,626 tCO2eRevenue: $M 5,070Scope 1 Intensity: 131.88 tCO2e/$MCNOOCYear: 2022Scope 1: 9,779,000 tCO2eRevenue: $M 62,074Scope 1 Intensity: 157.54 tCO2e/$MDiamondback EnergyYear: 2023Scope 1: 1,757,044 tCO2eRevenue: $M 8,412Scope 1 Intensity: 208.87 tCO2e/$MOccidental PetroleumYear: 2023Scope 1: 17,370,000 tCO2eRevenue: $M 28,257Scope 1 Intensity: 614.71 tCO2e/$MMedco Energi InternasionalYear: 2022Scope 1: 5,710,288 tCO2eRevenue: $M 2,312Scope 1 Intensity: 2,469.60 tCO2e/$MCalifornia ResourcesYear: 2023Scope 1: 2,603,000 tCO2eRevenue: $M 2,813Scope 1 Intensity: 925.35 tCO2e/$MCoterra EnergyYear: 2023Scope 1: 1,358,410 tCO2eRevenue: $M 5,914Scope 1 Intensity: 229.69 tCO2e/$MPTTEPYear: 2023Scope 1: 6,744,227 tCO2eRevenue: $M 8,733Scope 1 Intensity: 772.23 tCO2e/$MRange ResourcesYear: 2023Scope 1: 202,525 tCO2eRevenue: $M 2,553Scope 1 Intensity: 79.32 tCO2e/$MConocoPhillipsYear: 2024Scope 1: 15,500,000 tCO2eRevenue: $M 54,745Scope 1 Intensity: 283.13 tCO2e/$MCivitas ResourcesYear: 2023Scope 1: 1,920,131 tCO2eRevenue: $M 3,479Scope 1 Intensity: 551.88 tCO2e/$MWoodside Energy GroupYear: 2023Scope 1: 6,172,000 tCO2eRevenue: $M 21,579Scope 1 Intensity: 286.02 tCO2e/$MExpand EnergyYear: 2023Scope 1: 799,373 tCO2eRevenue: $M 7,775Scope 1 Intensity: 102.81 tCO2e/$MCanadian Natural ResourcesYear: 2022Scope 1: 23,243,129 tCO2eRevenue: $M 36,595Scope 1 Intensity: 635.14 tCO2e/$M

How does Canadian Natural Resources's GHG emissions intensity compare to its peers?

In 2022, Canadian Natural Resources reported a Scope 1 emissions intensity of 635.14 tCO₂e per millions USD. Compared to the peer group median of 291.61, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Canadian Natural Resources rank on GHG emissions intensity within its industry?

In 2022, Canadian Natural Resources ranked 18 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Canadian Natural Resources among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Canadian Natural Resources's Total Carbon Footprint

In 2022, Canadian Natural Resources reported a total carbon footprint of 150,449,420 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.95% decrease compared to 2021, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to Canadian Natural Resources's total carbon footprint was Scope 3 emissions, accounting for 82.5% of the company's total carbon footprint, followed by Scope 1 emissions at 15.45%. a

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