Billionaire’s 15 Favorite Oil and Gas Stocks Right Now

6. Canadian Natural Resources Limited (NYSE:CNQ)

Number of Billionaire Holders: 14

Canadian Natural Resources Limited (NYSE:CNQ) is a senior crude oil and natural gas production company with continuing operations in its core areas located in Western Canada, the UK portion of the North Sea, and Offshore Africa. The company boasts total proved reserves of 15.2 billion BOE and total proved plus probable reserves of 20.1 billion BOE as of year end 2024, both of which increased 9% from year end 2023 levels.

2024 proved to be a strong year for Canadian Natural Resources Limited (NYSE:CNQ), as the company achieved record annual average production of over 1.36 million boed in 2024, which includes record annual liquids production of over one million barrels per day. Moreover, the company reported an adjusted EPS of C$2.34 in Q4 2024, beating analysts’ estimates of C$2.15 per share. CNQ remains committed to its shareholders and returned approximately $7.1 billion in 2024. The company raised its quarterly dividend by 4.4% to C$0.5875 per share this month, making 2025 the 25th consecutive year of dividend increases.

Canadian Natural Resources Limited (NYSE:CNQ) has been on an aggressive shopping spree, taking advantage of opportunistic acquisitions and rapidly growing its potential future cash flow. The company closed the acquisition of Chevron’s Alberta assets at the end of 2024, including a 20% interest in AOSP and a 70% operated working interest in light crude oil and liquids-rich natural gas assets in the Duvernay play.