Canadian Natural Resources (CNQ) vs ONEOK (OKE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Canadian Natural Resources (CNQ) has outperformed ONEOK (OKE) over the past year, gaining 45.0% versus a gain of 21.5%. Over five years, CNQ leads with a +129.0% price change compared with +35.2% for OKE. Canadian Natural Resources is the larger company by market cap ($97.92 billion vs $55.51 billion), about 1.8 times the size.
On valuation, Canadian Natural Resources trades at a lower forward P/E (12.3x vs 14.1x for ONEOK). Canadian Natural Resources offers the higher dividend yield (5.11% vs 4.82%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CNQ | OKE |
|---|---|---|
| Share price | $47.50 | $88.05 |
| Market cap | $97.92B | $55.51B |
| 1-day change | -1.25% | -1.32% |
| YTD return | +40.32% | +19.80% |
| 1-year return | +44.99% | +21.53% |
| 5-year return | +129.03% | +35.21% |
| P/E ratio (TTM) | 11.67 | 15.21 |
| Forward P/E | 12.32 | 14.11 |
| EPS (TTM) | $4.07 | $5.79 |
| Dividend yield | 5.11% | 4.82% |
| Annual dividend | $2.43 | $4.24 |
| Revenue (latest FY) | — | $33.63B |
| Revenue growth (YoY) | — | +54.99% |
| Net income (latest FY) | — | $3.39B |
| Gross margin | — | 30.50% |
| Operating margin | — | 17.07% |
| Net margin | — | 10.09% |
| 52-week high | $52.31 | $99.85 |
| 52-week low | $29.68 | $64.02 |
| Distance from 52-week high | -9.20% | -11.82% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +1.52% | +14.93% |
| Average volume | 6.62M | 3.64M |
| Shares outstanding | 2.06B | 630.41M |
| Employees | 10,750 | 6,326 |
| Sector | Energy | Utilities |
| Industry | Oil & Gas Production | Oil & Gas Production |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- CNQ has outperformed OKE by 23.5 percentage points over the past year.
- ONEOK trades at a higher earnings multiple (15.2x vs 11.7x trailing P/E).
- The two companies sit in different sectors: Canadian Natural Resources in Energy and ONEOK in Utilities.
About Canadian Natural Resources
CNQ stock →Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil.
Energy · Oil & Gas Production · 10,750 employees
About ONEOK
OKE stock →ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States.
Utilities · Oil & Gas Production · 6,326 employees
CNQ vs OKE FAQ
Which is bigger, Canadian Natural Resources or ONEOK?
Canadian Natural Resources (CNQ) is larger, with a market capitalization of $97.92B compared with $55.51B for ONEOK (OKE).
Which stock has performed better over the past year, CNQ or OKE?
CNQ returned +44.99% over the past 12 months, compared with +21.53% for OKE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CNQ or OKE?
CNQ has the lower trailing P/E at 11.7, versus 15.2 for OKE. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Canadian Natural Resources or ONEOK?
Canadian Natural Resources has the higher yield at 5.11%, compared with 4.82% for ONEOK.
Are Canadian Natural Resources and ONEOK in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.