XML 99 R69.htm IDEA: XBRL DOCUMENT
v3.24.1

Long-Term Debt - Summary of Long-term Debt (Details) $ in Millions | Dec. 31, 2023 CAD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 CAD ($) | Dec. 31, 2022 USD ($)
--- | --- | --- | --- | ---
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 10,799 |  | $ 11,445 |
Current portion of long-term debt | 980 |  | 404 |
Long-term debt | 9,819 |  | 11,041 |
Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | 10,859 |  | 11,514 |
Original issue discounts, net |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | 11 |  | 13 |
Transaction costs |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | 49 |  | 56 |
Medium-term notes | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | 1,286 |  | $ 1,702 |
1.45% debentures due November 16, 2023 |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate |  |  | 1.45% | 1.45%
1.45% debentures due November 16, 2023 | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 0 |  | $ 404 |
3.55% debentures due June 3, 2024 |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 3.55% | 3.55% | 3.55% | 3.55%
3.55% debentures due June 3, 2024 | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 320 |  | $ 332 |
3.42% debentures due December 1, 2026 |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 3.42% | 3.42% | 3.42% | 3.42%
3.42% debentures due December 1, 2026 | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 441 |  | $ 441 |
2.50% debentures due January 17, 2028 |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 2.50% | 2.50% | 2.50% | 2.50%
2.50% debentures due January 17, 2028 | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 225 |  | $ 225 |
4.85% debentures due May 30, 2047 |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 4.85% | 4.85% |  |
4.85% debentures due May 30, 2047 | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 300 |  | 300 |
Long-term debt | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 9,573 |  | 9,812 |
3.80% due April 15, 2024 (US$500 million) |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 3.80% | 3.80% |  |
Notional amount |  | $ 500,000,000 |  |
3.80% due April 15, 2024 (US$500 million) | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 660 |  | 677 |
3.90% due February 1, 2025 (US$600 million) |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 3.90% | 3.90% |  |
Notional amount |  | $ 600,000,000 |  |
3.90% due February 1, 2025 (US$600 million) | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 792 |  | 812 |
2.05% due July 15, 2025 (US$600 million) |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 2.05% | 2.05% |  |
Notional amount |  | $ 600,000,000 |  |
2.05% due July 15, 2025 (US$600 million) | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 792 |  | 812 |
3.85% due June 1, 2027 (US$1,250 million) |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 3.85% | 3.85% |  |
Notional amount |  | $ 1,250,000,000 |  |
3.85% due June 1, 2027 (US$1,250 million) | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 1,651 |  | 1,692 |
2.95% due July 15, 2030 (US$500 million) |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 2.95% | 2.95% |  |
Notional amount |  | $ 500,000,000 |  |
2.95% due July 15, 2030 (US$500 million) | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 660 |  | 677 |
7.20% due January 15, 2032 (US$400 million) |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 7.20% | 7.20% |  |
Notional amount |  | $ 400,000,000 |  |
7.20% due January 15, 2032 (US$400 million) | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 528 |  | 541 |
6.45% due June 30, 2033 (US$350 million) |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 6.45% | 6.45% |  |
Notional amount |  | $ 350,000,000 |  |
6.45% due June 30, 2033 (US$350 million) | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 462 |  | 474 |
5.85% due February 1, 2035 (US$350 million) |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 5.85% | 5.85% |  |
Notional amount |  | $ 350,000,000 |  |
5.85% due February 1, 2035 (US$350 million) | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 462 |  | 474 |
6.50% due February 15, 2037 (US$450 million) |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 6.50% | 6.50% |  |
Notional amount |  | $ 450,000,000 |  |
6.50% due February 15, 2037 (US$450 million) | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 594 |  | 609 |
6.25% due March 15, 2038 (US$1,100 million) |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 6.25% | 6.25% |  |
Notional amount |  | $ 1,100,000,000 |  | $ 1,100,000,000
6.25% due March 15, 2038 (US$1,100 million) | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 1,453 |  | 1,488 |
6.75% due February 1, 2039 (US$400 million) |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 6.75% | 6.75% |  |
Notional amount |  | $ 400,000,000 |  |
6.75% due February 1, 2039 (US$400 million) | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 528 |  | 541 |
4.95% due June 1, 2047 (US$750 million) |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings, interest rate | 4.95% | 4.95% |  |
Notional amount |  | $ 750,000,000 |  |
4.95% due June 1, 2047 (US$750 million) | Gross carrying amount |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Borrowings | $ 991 |  | $ 1,015 |

X
- Definition The amount of outstanding funds that the entity is obligated to repay. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_55&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_Borrowings
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The interest rate on borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_7&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_BorrowingsInterestRate
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The current portion of non-current borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_55&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_CurrentPortionOfLongtermBorrowings
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The non-current portion of non-current borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_55&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_LongtermBorrowings
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The nominal or face amount of a financial instrument, used to calculate payments made on that instrument. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 112 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_112_c&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_NotionalAmount
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=cnq_OriginalIssuePremiumsDiscountsNetMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=cnq_DeferredFinancingCostsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_CanadianDollarDenominatedDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_MediumTermBorrowingsOnePointFourFivePercentDebenturesDueNovemberTwoThousandTwentyThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_MediumTermBorrowingsThreePointFiveFivePercentDebenturesDueJune2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_MediumTermBorrowingsThreePointFourTwoPercentDebenturesDueDecember2026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_MediumTermBorrowingsTwoPointFiveZeroPercentDebenturesDueJanuaryTwoThousandTwentyEightMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_MediumTermBorrowingsFourPointEightFivePercentDebenturesDueMay2047Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=ifrs-full_LongtermBorrowingsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_LongTermBorrowingsThreePointEightZeroPercentDueApril2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_LongTermBorrowingsThreePointNineZeroPercentDueFebruary2025Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_LongTermBorrowingsTwoPointZeroFivePercentDueJulyTwoThousandTwentyFiveMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_LongTermBorrowingsThreePointEightFivePercentDueJune2027Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_LongTermBorrowingsTwoPointNineFivePercentDueJulyTwoThousandThirtyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_LongTermBorrowingsSevenPointTwoZeroPercentDueJanuary2032Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_LongTermBorrowingsSixPointFourFivePercentDueJune2033Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_LongTermBorrowingsFivePointEightFivePercentDueFebruary2035Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_LongTermBorrowingsSixPointFiveZeroPercentDueFebruary2037Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_LongTermBorrowingsSixPointTwoFivePercentDueMarch2038Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_LongTermBorrowingsSixPointSevenFivePercentDueFebruary2039Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=cnq_LongTermBorrowingsFourPointNineFivePercentDueJune2047Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |