Canadian Natural Resources Ltd. announces that its Board of Directors has approved a 13% increase to its quarterly dividend on its common shares to C$0.85 per common share. The dividend will be payable on January 5, 2023 to shareholders of record at the close of business on December 16, 2022. Canadian Natural's growing and sustainable dividend demonstrates the confidence that the Board of Directors has in the [...]
Canadian Natural's President, Tim McKay, commented on the Company's third quarter 2022 results, "We remain focused on safe, reliable, effective and efficient operations and our 2022 capital program remains unchanged at approximately $4.9 billion, excluding acquisitions. Our culture of continuous improvement and focus on cost control combined with our disciplined and balanced approach to capital allocation continues to [...]
Canadian Natural's President, Tim McKay, commented on the Company's second quarter 2022 results, "Our world class asset base is strategically balanced across commodity types so we can be flexible and capture opportunities throughout the commodity price cycle to maximize value for our shareholders. A substantial portion of our unique and diverse asset base consists of long life low decline assets which have significant [...]
Canadian Natural Resources Ltd. announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.75 per common share. The dividend will be payable on October 5, 2022 to shareholders of record at the close of business on September 16, 2022. Canadian Natural's growing and sustainable dividend demonstrates the confidence that the Board of Directors has in the sustainability of our [...]
Canadian Natural Resources Ltd. announces that strong execution across the Company's operations year-to-date has resulted in substantial free cash flow generation driven by our top tier long life low decline assets with low maintenance capital requirements and our low cost structure. The financial position of the Company is very robust and net debt is targeted to decrease rapidly with significant free cash flow generation [...]
Canadian Natural held its Annual and Special Meeting of the Shareholders on May 5, 2022. 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 872,896,490 95.23% 43,706,921 4.77% M. Elizabeth Cannon 909,462,662 [...]
Canadian Natural Resources Ltd. announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.75 per common share. The dividend will be payable on July 5, 2022 to shareholders of record at the close of business on June 17, 2022. Canadian Natural's growing an sustainable dividend demonstrates the confidence that the Board of Directors has in the sustainability of our business [...]
Commenting on the Company's first quarter 2022 results, Tim McKay, President of Canadian Natural , stated, "Our world class asset base is one of our key strengths, which is strategically balanced across commodity types so we can capture opportunities throughout the commodity price cycle. This drove total corporate quarterly production of approximately 1,280 MBOE/d in Q1/22, including record natural gas [...]
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 [...]
Commenting on the Company's 2021 results, Tim McKay, President of Canadian Natural , stated, "Our unique and diverse asset base, combined with our track record of operational excellence delivered by our dedicated teams, achieved record average production volumes in 2021 of approximately 1,235 MBOE/d, representing an increase of 6% or approximately 71 MBOE/d over 2020 levels. During Q4/21, daily production volumes averaged [...]
Canadian Natural Resources Ltd. announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.75 per common share. The dividend will be payable on April 5, 2022 to shareholders of record at the close of business on March 18, 2022. The quarterly dividend increase of 28% demonstrates the confidence that the Board of Directors has in the sustainability of our business model, the [...]
Canadian Natural Resources Ltd. is providing an update on its 2021 sustainability reporting for Environmental, Social and Governance performance. Canadian Natural has been producing its sustainability report, the Stewardship Report to Stakeholders, since 2004 to report on our ongoing commitment to environmental performance, social responsibility and continuous improvement. This report provides a performance overview [...]