Canadian Natural held its Annual and Special Meeting of Shareholders on May 8, 2025. The result of the vote by shareholders for each resolution is reported below. The election of the following nominees as directors of the Corporation for the ensuing year or until their successors are elected or appointed. Votes For Votes Withheld Catherine M. Best 1,290,773,343 105,594,697 92.44 % 7.56 % Dr. M. Elizabeth Cannon [...]
Canadian Natural Resources Ltd. announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.5875 . The dividend will be payable on July 3, 2025 to shareholders of record at the close of business on June 13, 2025. As previously announced, in March 2025 the Board of Directors increased the quarterly dividend by 4% per common share. Canadian Natural's growing and sustainable [...]
Canadian Natural's President, Scott Stauth, commented on the Company's Q1/25 results, "We have a long track record of being an industry leading effective and efficient producer while consistently delivering top tier operational and financial performance. All our employees are shareholders, with a strong focus on continuous improvement, consistently driving strong results. In Q1/25 we achieved record quarterly production [...]
Canadian Natural Resources Ltd. announces that it has amended its Amended, Compiled and Restated Stock Option Plan to clarify that the amendment provisions of the Plan require shareholder approval for any amendments to such provisions . The Amendment updates the disclosure on page 16 and Schedule D of Canadian Natural's proxy statement and management information circular dated March 19, 2025 and is effective as of the [...]
Canadian Natural Resources Ltd. announced today that the Toronto Stock Exchange has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid through the facilities of the TSX or other alternative Canadian trading systems. Purchases may also be made through the facilities of the New York Stock Exchange. The notice provides that Canadian Natural may, during the 12 month period commencing [...]
Canadian Natural Resources Ltd. announces that its Board of Directors approved a 4% increase to its quarterly cash dividend on its common shares to C$0.5875 per common share, up from the previous quarterly cash dividend of $0.5625 per common share. The dividend will be payable on April 4, 2025 to shareholders of record at the close of business on March 21, 2025. The Company has a leading track record of dividend [...]
Canadian Natural's President, Scott Stauth, commented on the Company's 2024 fourth quarter and year end results, "2024 was an excellent year for us, as we achieved strong growth and set several new production records from our base operations, before including acquisitions that closed in 2024. Additionally, including acquisitions, we achieved record annual average production of over 1,363,000 BOE/d in 2024, which includes [...]
Canadian Natural Resources Ltd. announces that pursuant to a 2017 agreement with Shell Canada Limited and affiliates and as a result of certain conditions being met, Canadian Natural and Shell are transacting an asset swap related to the Athabasca Oil Sands Project . Effectively, Canadian Natural will swap 10% of its working interest in the Scotford Upgrader and Quest Carbon Capture and Storage facilities for Shell's [...]
Canadian Natural Resources Ltd. has received notice of an unsolicited "mini-tender" offer made by TRC Capital Investment Corporation to purchase up to 2,500,000 Canadian Natural common shares, or approximately 0.12% of Canadian Natural's outstanding shares, at a price of C$43.25 per share. The offering price represents a discount of 4.44% to the closing price of Canadian Natural's shares on the Toronto Stock Exchange [...]
Canadian Natural's President, Scott Stauth, commented on the Company's 2025 budget "Our high quality, diversified asset base combined with our flexible capital allocation strategy is a significant competitive advantage. Our disciplined and focused approach allocates capital and optimizes the product mix based on the highest return projects, maximizing value for our shareholders. Our 2025 operating capital budget of [...]
Canadian Natural Resources Ltd. announces it has completed the acquisition of Chevron Canada Limited's Alberta assets, which include a 20% interest in the Athabasca Oil Sands Project and a 70% operated interest in light crude oil and liquids rich Duvernay assets. Canadian Natural now owns 90% of AOSP, which includes the Muskeg River and Jackpine mines, the Scotford Upgrader and the Quest Carbon Capture and Storage [...]
Canadian Natural Resources Ltd. announces that on December 3, 2024, the Company priced the following unsecured notes : Note Coupon Principal Maturity Price per Note Yield to Maturity 5 year USD notes 5.00% US$750,000,000 December 15, 2029 US$99.968 5.007% 10 year USD notes 5.40% US$750,000,000 December 15, 2034 US$99.837 5.421% 7 year CAD notes 4.15% C$500,000,000 December 15, 2031 C$99.836 4.177% The offerings are [...]