Canadian Natural Resources Ltd. vs Consolidated Edison, Inc. — how do they compare? Canadian Natural Resources Ltd. trades at $47.07 (market cap $98.11B), while Consolidated Edison, Inc. trades at $107.5 (market cap $39.76B). The key difference: Canadian Natural Resources Ltd. is far larger — about 2.5× Consolidated Edison, Inc.'s market cap, and Canadian Natural Resources Ltd. pays the higher dividend (3.73%). Which is the better fit depends on your goals.
| CNQ | ED | |
|---|---|---|
Market Cap | $98.11B | $39.76B |
Sector | Energy | Utilities |
52-Week High | $50.55 | $115.46 |
52-Week Low | $29.31 | $95.37 |
Enterprise Value | $108.54B | $66.61B |
Dividend Yield | 3.73% | 3.27% |
Trailing returns across standard periods
Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company's portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves.
Read more on CNQ →Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities will generate nearly all of Con Ed's earnings once it closes the sale of its clean energy business to RWE. Con Ed's clean energy business owns the second-largest portfolio of utility-scale solar projects in the U.S. Following the sale, Con Ed's only non-utility earnings will come from investments in gas and electric transmission.
Read more on ED →