Canadian Natural's President, Tim McKay, commented "Our key advantages are our committed and dedicated work teams and our large, high quality asset base including long life low decline assets which provides us optionality and flexibility to allocate capital to our highest return projects. In 2022 our diversified production mix is targeted to consist of approximately 46% light and synthetic crude oil, 28% heavy crude oil [...]
Canadian Natural Resources Ltd. announces that the previously announced acquisition by Canadian Natural of all the issued and outstanding common shares of Storm Resources Ltd. pursuant to a plan of arrangement has been completed. Canadian Natural welcomes Storm employees to its Northeast British Columbia and Calgary head office teams. The acquired production, infrastructure and land complements Canadian Natural's natural [...]
Canadian Natural Resources Ltd. announces it has entered into a definitive agreement with Storm Resources Ltd. relating to the acquisition under a plan of arrangement of all the issued and outstanding common shares of Storm, for a cash consideration of $6.28 per share. The Company will also assume Storm's total debt, working capital deficit and other monetary obligations of approximately $186 million. The transaction [...]
Canadian Natural Resources Ltd. announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.5875 per common share. The dividend will be payable on January 5, 2022 to shareholders of record at the close of business on December 10, 2021. Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the [...]
Commenting on the Company's third quarter 2021 results, Tim McKay, President of Canadian Natural stated "Our diverse product mix is a competitive advantage, as we can allocate capital to the highest return projects, without being reliant on any one commodity. Our effective and efficient operations combined with disciplined capital allocation generates significant free cash flow, which delivers substantial shareholder [...]
Canadian Natural Resources Ltd. announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.47 per common share. The dividend will be payable on October 5, 2021 to shareholders of record at the close of business on September 17, 2021. Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the [...]
Commenting on the Company's second quarter 2021 results, Tim McKay, President of Canadian Natural stated, "Canadian Natural is in a strong position as our vast and diverse asset base delivered strong operational and financial results in Q2/21, as we achieved production volumes of approximately 1,142 MBOE/d in the quarter, notwithstanding the planned turnaround at our Oil Sands Mining and Upgrading operations. Canadian [...]
Canadian Natural held its Annual Meeting of the Shareholders on May 6, 2021. 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 839,152,017 93.95% 54,072,277 6.05% M. Elizabeth Cannon 860,314,872 96.32 [...]
Commenting on the Company's first quarter 2021 results, Tim McKay, President of Canadian Natural stated "The COVID-19 pandemic continues to challenge our everyday living and the way we operate our businesses. With our strong measures in place we have minimized impacts on our operations, but it remains a daily challenge for our field staff to do it safe and do it right. As the global vaccine distribution increases and [...]
Canadian Natural Resources Ltd. announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.47 per common share. The dividend will be payable on July 5, 2021 to shareholders of record at the close of business on June 18, 2021. Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion [...]
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 [...]
Canadian Natural Resources Ltd. announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.47 per common share. The dividend will be payable on April 5, 2021 to shareholders of record at the close of business on March 19, 2021. Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K [...]
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