Canadian Natural Resources Ltd.

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 [...]

Canadian Natural Resources Ltd. announces that its Board of Directors approved a 4% increase to its quarterly cash dividend on its common shares to C$0.5875 per common share, up from the previous quarterly cash dividend of $0.5625 per common share. The dividend will be payable on April 4, 2025 to shareholders of record at the close of business on March 21, 2025. The Company has a leading track record of dividend [...]

Canadian Natural's President, Scott Stauth, commented on the Company's 2024 fourth quarter and year end results, "2024 was an excellent year for us, as we achieved strong growth and set several new production records from our base operations, before including acquisitions that closed in 2024. Additionally, including acquisitions, we achieved record annual average production of over 1,363,000 BOE/d in 2024, which includes [...]

Canadian Natural Resources Ltd. announces that pursuant to a 2017 agreement with Shell Canada Limited and affiliates and as a result of certain conditions being met, Canadian Natural and Shell are transacting an asset swap related to the Athabasca Oil Sands Project . Effectively, Canadian Natural will swap 10% of its working interest in the Scotford Upgrader and Quest Carbon Capture and Storage facilities for Shell's [...]

Canadian Natural Resources Ltd. has received notice of an unsolicited "mini-‍tender" offer made by TRC Capital Investment Corporation to purchase up to 2,500,000 Canadian Natural common shares, or approximately 0.12% of Canadian Natural's outstanding shares, at a price of C$43.25 per share. The offering price represents a discount of 4.44% to the closing price of Canadian Natural's shares on the Toronto Stock Exchange [...]

Canadian Natural's President, Scott Stauth, commented on the Company's 2025 budget "Our high quality, diversified asset base combined with our flexible capital allocation strategy is a significant competitive advantage. Our disciplined and focused approach allocates capital and optimizes the product mix based on the highest return projects, maximizing value for our shareholders. Our 2025 operating capital budget of [...]

Canadian Natural Resources Ltd. announces it has completed the acquisition of Chevron Canada Limited's Alberta assets, which include a 20% interest in the Athabasca Oil Sands Project and a 70% operated interest in light crude oil and liquids rich Duvernay assets. Canadian Natural now owns 90% of AOSP, which includes the Muskeg River and Jackpine mines, the Scotford Upgrader and the Quest Carbon Capture and Storage [...]

Canadian Natural Resources Ltd. announces that on December 3, 2024, the Company priced the following unsecured notes : Note Coupon Principal Maturity Price per Note Yield to Maturity 5 year USD notes 5.00% US$750,000,000 December 15, 2029 US$99.968 5.007% 10 year USD notes 5.40% US$750,000,000 December 15, 2034 US$99.837 5.421% 7 year CAD notes 4.15% C$500,000,000 December 15, 2031 C$99.836 4.177% The offerings are [...]

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 [...]