Canadian Natural Resources Ltd.

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 [...]

Canadian Natural's President, Scott Stauth, commented on the Company's third quarter results, "Our unique and diverse asset base provides us with a competitive advantage, as we can allocate capital to the highest return projects without being reliant on any one commodity. Our consistent and top tier results are driven by safe and reliable operations. Our commitment to continuous improvement is supported by a strong team [...]

Canadian Natural Resources Ltd. announces that it entered into an agreement to acquire, subject to regulatory approvals, from Chevron Canada Limited its 20% interest in the Athabasca Oil Sands Project , which includes 20% of the Muskeg River and Jackpine mines, the Scotford Upgrader and the Quest Carbon Capture and Storage facility. This acquisition brings Canadian Natural's total current working interest in AOSP to 90 [...]

Canadian Natural Resources Ltd. announces that, in conjunction with the acquisition of Chevron Canada Limited's Alberta assets and as a result of Canadian Natural's significant free cash flow, including targeted additional free cash flow generation from the acquired assets and the Company's strong financial position, the Board of Directors have agreed to increase the quarterly cash dividend by 7% to $0.5625 per common [...]

Canadian Natural's President, Scott Stauth, commented on the Company's second quarter results, "The strength of our well-balanced and diverse portfolio, combined with Canadian Natural's ability to execute safe, effective and efficient operations, delivered an excellent second quarter. Canadian Natural strategically managed turnaround activities and optimized production resulting in strong Q2/24 volumes of approximately [...]

Canadian Natural Resources Ltd. announces that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.525 per common share. The dividend will be payable on October 4, 2024 to shareholders of record at the close of business on September 13, 2024. The Company has a leading track record of dividend increases, with 2024 being the 24th consecutive year of dividend increases with a compound [...]

Canadian Natural Resources Ltd. held its Annual and Special Meeting of Shareholders on May 2, 2024. 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 739,666,794 97.19% 21,395,027 2.81% M. Elizabeth Cannon [...]

Canadian Natural Resources Ltd. announced today that it has set June 3, 2024 as the record date for the previously announced two for one split of its common shares . The Share Split was approved by shareholders of Canadian Natural at its annual and special meeting of shareholders held on May 2, 2024. On June 10, 2024 , shareholders of record as of the close of business on the Record Date will receive one additional share [...]

Canadian Natural's President, Scott Stauth, commented on the Company's first quarter results, "Canadian Natural is a world class company and during our 35 years of operations, we've delivered significant value, including recently reaching a position where, commencing in 2024, we are returning 100% of our free cash flow to our shareholders. Crude oil price forecasts have strengthened for the remainder of 2024, including [...]