Company profile

Future of Canadian Natural Resources Ltd.

#
Rank
454
| Quantumrun Global 1000

Canadian Natural Resources Limited, or CNRL or Canadian Natural, is an oil and gas exploration, production and development company with its corporate head office in Calgary, Alberta. Along with its core area Western Canadian Sedimentary Basin (WCSB), CNRL also has offshore West Africa and the North Sea fields. By 2011, with an output of 121,000 barrels (19,200 m3), CNRL was Canada's biggest oil company and Canada's "single biggest conventional heavy oil producer". By 2009 CNRL ranked 251st on the Forbes Global 2000 list. CNRL is one of the biggest independent crude oil and natural gas manufacturers in the world, with its head office in Calgary, and operations concentrated in the Western Canadian Sedimentary Basin the North Sea and offshore West Africa.

Home Country:
Sector:
Industry:
Energy
Founded:
1973
Global employee count:
10029
Domestic employee count:
Number of domestic locations:
15

Financial Health

Revenue:
$11098000000 CAD
3y average revenue:
$15188666667 CAD
Operating expenses:
$345000000 CAD
3y average expenses:
$367333333 CAD
Funds in reserve:
$17000000 CAD
Revenue from country
0.85

Asset Performance

  1. Product/Service/Dept. name
    Product (North America)
    Product/Service revenue
    7209000000
  2. Product/Service/Dept. name
    Product (North Sea)
    Product/Service revenue
    570000000
  3. Product/Service/Dept. name
    Oil sands mining and upgrading
    Product/Service revenue
    2657000000

Innovation assets and Pipeline

Total patents held:
1
Number of patents field last year:
3

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the energy sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the most obvious disruptive trend is the shrinking cost and increasing energy generating capacity of renewable sources of electricity, such as wind, tidal, geothermal and (especially) solar. The economics of renewables are advancing at such a rate that further investments into more traditional sources of electricity, such as coal, gas, petroleum, and nuclear, are becoming less competitive in many parts of the world.

*Concurrent with the growth of renewables is the shrinking cost and increasing energy storing capacity of utility-scale batteries that can store electricity from renewables (like solar) during the day for release during the evening.

*The energy infrastructure in much of North America and Europe is decades old and is currently in the two-decade-long process of being rebuilt and reimagined. This will result in the installation of smart grids that are more stable and resilient, and will spur the development of a more efficient and decentralized energy grid in many parts of the world.

*The growing cultural awareness and acceptance of climate change is accelerating the public's demand for clean energy, and ultimately, their government's investment into cleantech infrastructure projects.

*As Africa, Asia, and South America continue to develop over the next two decades, their populations’ increasing demand first world living conditions will spur demand for modern energy infrastructure that will keep energy sector building contracts going strong into the foreseeable future.

*Significant breakthroughs in Thorium and fusion energy will be made by the mid-2030s, leading to their rapid commercialization and global adoption.

COMPANY’S FUTURE PROSPECTS

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