Canadian Natural Resources Limited is a Canada-based independent crude oil and natural gas exploration, development and production company. Co.'s segments include exploration and production, oil sands mining and upgrading, and midstream and refining. The exploration and production segment are focused on North America, specifically in Western Canada; the United Kingdom portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. Its Oil Sands Mining and Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands and through its direct and indirect interest in the Athabasca Oil Sands Project. We show 17 historical shares outstanding datapoints in our CNQ shares outstanding history coverage, used to compute CNQ market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CNQ market cap history over the course of time is important for investors
interested in comparing CNQ's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CNQ versus a peer is one thing; comparing
CNQ market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CNQ can fluctuate over the course of history.
With this page we aim to empower investors researching CNQ by allowing them to research the CNQ market cap history. |
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Video: The Importance of Market Cap
