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 [...]
Canadian Natural's President, Tim McKay, commented on the Company's 2024 budget, "Our teams remain focused on safe, reliable, effective and efficient operations throughout our asset base. Our unique and diversified asset base provides us a key competitive advantage as we can manage the pace and timing of development activities to maximize value growth from our assets. As part of our 2024 budget, the drilling program is [...]
Commenting on the Company's third quarter 2023 results, Tim McKay, President, stated, "Our quarterly results demonstrate how our effective and efficient operations, combined with our diverse product mix generates significant free cash flow, resulting in strong shareholder returns through our sustainable and growing dividend and significant share repurchases. Our world class assets delivered top tier operational and [...]
Canadian Natural Resources Ltd. announces that its Board of Directors has approved an 11% increase to its quarterly cash dividend on its common shares to C$1.00 per common share. The dividend will be payable on January 5, 2024 to shareholders of record at the close of business on December 8, 2023. Canadian Natural's growing and sustainable dividend demonstrates the confidence that the Board of Directors has in the [...]
Commenting on the Company's second quarter 2023 results, Tim McKay, President, stated, "Canadian Natural's Q2/23 results demonstrated the advantages of our diverse and balanced asset base by delivering adjusted funds flow of approximately $2.7 billion. As well, we delivered average daily production volumes of approximately 1,194 MBOE/d in the quarter, which was impacted by wildfires in Western Canada, the continued [...]
Canadian Natural Resources Ltd. announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.90 per common share. The dividend will be payable on October 5, 2023 to shareholders of record at the close of business on September 15, 2023. Canadian Natural's growing and sustainable dividend demonstrates the confidence that the Board of Directors has in the sustainability of our [...]
Canadian Natural held its Annual Meeting of the Shareholders on May 4, 2023. 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 772,999,107 94.33% 46,482,273 5.67% M. Elizabeth Cannon 801,149,226 97.76 [...]
Commenting on the Company's first quarter 2023 results, Tim McKay, President of Canadian Natural Resources Ltd. , stated, "Canadian Natural delivered strong results in Q1/23 with effective and efficient operations on our balanced and diverse portfolio of high quality assets. Our culture of continuous improvement, focus on cost control and disciplined capital allocation continues to drive strong financial results and [...]
Canadian Natural Resources Ltd. announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.90 per common share. The dividend will be payable on July 5, 2023 to shareholders of record at the close of business on June 16, 2023. Canadian Natural's growing and sustainable dividend demonstrates the confidence that the Board of Directors has in the sustainability of our business [...]
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 Toronto Stock Exchange 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 [...]
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