Is Canadian Natural Resources (CNQ) One of the Cheap Stocks For the Next 10 Years?

Canadian Natural Resources Limited (NYSE:CNQ) is one of the cheap stocks to buy for the next 10 years. On May 7, Canadian Natural Resources reported earnings for Q1 2026, generating $2.4 billion in adjusted net earnings and $4.4 billion in adjusted funds flow. Total production reached ~1,643,000 BOE/d, marking a 4% year-over-year increase driven by record conventional production in North America. The company also achieved industry-leading operating costs of $23.73/bbl in its Oil Sands Mining and Upgrading segment.

The company maintained its commitment to shareholder returns, distributing $1.5 billion through $1.2 billion in dividends and $0.3 billion in share repurchases during the quarter. This marks the 26th consecutive year of dividend increases, with the annualized dividend now at $2.50 per share. Robust commodity prices and efficient operations have further accelerated debt reduction, bringing net debt below $16 billion.

Is Canadian Natural Resources (CNQ) One of the Cheap Stocks For the Next 10 Years?

Looking ahead, Canadian Natural Resources Limited (NYSE:CNQ) is progressing on several medium-term growth projects, including the Jackfish and Pike 2 expansions. While long-term oil sands mining expansions remain on hold pending regulatory and fiscal certainty, the company continues to unlock value through its multilateral drilling program and solvent-enhanced recovery technologies. Current capital investment for the quarter totaled ~$2.0 billion to support these development goals.

Canadian Natural Resources Limited (NYSE:CNQ) is a senior crude oil and natural gas production company. The company operates in core regions across Western Canada, the United Kingdom portion of the North Sea, and Offshore Africa.

While we acknowledge the risk and potential of CNQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CNQ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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