Canadian Natural Resources(US:CNQ) Yahoo Finance·2025-12-30 13:50Core Insights - Canadian Natural Resources (NYSE: CNQ) has significantly increased its dividend by 9,300% over 24 years and currently offers a yield that is more than four times that of the average S&P 500 company, with an average annual dividend increase of 21% this century [2][3] - The company has a price-to-earnings ratio of 15, making it half as expensive as the broader market, raising questions about potential risks [2][3] Industry Overview - The oil and gas sector may be approaching a significant downturn, reminiscent of the 70% crash in oil prices a decade ago, which could impact Canadian Natural Resources despite its strong management and past resilience [3][4] - Factors that typically drive oil prices higher, such as geopolitical tensions and economic growth, have not prevented a 10% decline in West Texas Intermediate (WTI) crude oil prices over the past three months [5] - The rise of artificial intelligence (AI) in oil production is leading to unprecedented efficiency, allowing companies to streamline operations and reduce costs, which may contribute to a supply shock similar to that experienced in 2014 and 2015 [6][8]