Canadian Natural Resources Ltd. announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.375 per common share. The dividend will be payable January 1, 2020 to shareholders of record at the close of business on December 11, 2019. 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 [...]
Commenting on the Company's third quarter 2019 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "Canadian Natural's third quarter results are an excellent example of how the Company's effective and efficient operations can drive value creation for our shareholders as a result of execution excellence and economies of scale. We achieved record quarterly adjusted funds flow of approximately $2.9 [...]
Canadian Natural Resources Ltd. announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.375 per common share. The dividend will be payable October 1, 2019 to shareholders of record at the close of business on September 13, 2019. 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 [...]
Commenting on the Company's second quarter 2019 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "Canadian Natural's second quarter results demonstrated the advantages of our diverse and balanced asset base combined with our flexible capital allocation resulting in significant adjusted funds flow in the quarter of approximately $2.7 billion. Throughout the first half of 2019 we were able to deliver [...]
Canadian Natural Resources Ltd. announces that the agreement to acquire substantially all of the assets of Devon Canada Corporation has been completed. Canadian Natural welcomes approximately 720 high caliber Devon employees to its thermal in situ, primary heavy oil and Calgary head office teams. The acquired production, infrastructure and land will add to Canadian Natural’s existing thermal in situ and primary [...]
Canadian Natural Resources Ltd. provides an update on its Pelican Lake and Woodenhouse operations. The Company has now been able to gain access to its wells and facilities in these areas, following the previously announced evacuation due to local wildfires. The Company continues to monitor the wildfire situation with local officials and is restarting operations today, ramping production back up in a safe and controlled [...]
With the protection and safety of our people and assets as the utmost priority, Canadian Natural Resources Ltd. is closely monitoring the wildfires in the Wabasca and Slave Lake, Alberta areas. In response to the wildfires, Canadian Natural completed on May 30, 2019 the evacuation of all 240 personnel in our Pelican Lake and Woodenhouse operations. Accordingly, Canadian Natural has completed the safe, temporary shut-in of [...]
Canadian Natural Resources Ltd. announces it has entered into an agreement, subject to regulatory approval, to acquire substantially all of the assets of Devon Canada Corporation , for a cash purchase price of C$3.775 billion , with an effective date of January 1, 2019 and a targeted closing date of June 27, 2019. Devon’s high quality land and production are located in Western Canada and are within Canadian [...]
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 held its Annual and Special Meeting of the Shareholders on May 9, 2019. The result of the vote by shareholders for each resolution is reported below. 1. 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 862,572,218 92.72% 67,677,463 7.28% N. Murray Edwards 856,303,159 [...]
Canadian Natural Resources Ltd. announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.375 per common share. The dividend will be payable July 1, 2019 to shareholders of record at the close of business on June 14, 2019. 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 of [...]
Commenting on the Company's first quarter 2019 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "In the first quarter, the Company demonstrated the resilience and strength of its long life low decline and low capital exposure assets, generating significant adjusted funds flow of approximately $2.2 billion. The Company was able to achieve adjusted funds flow that exceeded net capital expenditures by [...]