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 [...]
Canadian Natural Resources Ltd. announces that its Board of Directors has declared a quarterly cash dividend on its common shares of $1.05 per common share on a pre-stock split basis or $0.525 per common share after giving effect to the two for one stock split of the common shares, subject to approval at the Company's Annual and Special Meeting of Shareholders on May 2, 2024. The dividend will be payable on July 5, 2024 [...]
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 [...]
Highlighting a successful 2023, Canadian Natural's Chief Financial Officer, Mark Stainthorpe, stated "Through the Company's effective and efficient operations and disciplined capital allocation, we achieved our net debt level of $10 billion in Q4/23, earlier than previously forecasted. As per our free cash flow allocation policy, we will now target to return 100% of free cash flow to shareholders through dividends and [...]
Canadian Natural Resources Ltd. announces that its Board of Directors approved a 5% increase to its quarterly cash dividend on its common shares to C$1.05 per common share. The dividend will be payable on April 5, 2024 to shareholders of record at the close of business on March 15, 2024. Since March 2, 2023, the Company has increased its quarterly dividend 24% through three separate increases for a combined increase of [...]
-10,80 %
+1600,00 %