• Canadian Natural Resources average return on tangible equity for 2023 was 20.8, a 27.8% decline from 2022.
• Canadian Natural Resources average return on tangible equity for 2022 was 28.81, a 95.72% decline from 2021.
• Canadian Natural Resources average return on tangible equity for 2021 was 14.72, a 797.56% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.