Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, SCO, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, SCO, and NGLs reserves were 13,271 MMbbl; proved natural gas reserves were 9,465 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 15,922 Bcf. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
IPO Year:
Exchange: NYSE
Website: cnrl.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/18/2024 | Peer Perform | Wolfe Research | |
| 4/23/2024 | Buy → Hold | Desjardins | |
| 7/12/2023 | Buy | UBS | |
| 1/13/2023 | Buy | Stifel | |
| 11/21/2022 | $62.00 → $69.00 | Neutral → Buy | Goldman |
| 10/19/2022 | Hold | Jefferies | |
| 8/11/2022 | Neutral | Credit Suisse | |
| 7/19/2022 | $100.00 | Neutral → Buy | BofA Securities |
| 6/8/2022 | Sector Outperform → Sector Perform | Scotiabank | |
| 3/11/2022 | $61.00 → $79.00 | Equal-Weight | Wells Fargo |
Calgary, Alberta--(Newsfile Corp. - May 5, 2023) - Canadian Natural (TSX:CNQ) (NYSE:CNQ) 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 ForVotes WithheldCatherine M. Best772,999,10794.33%46,482,2735.67%M. Elizabeth Cannon801,149,22697.76%18,332,1532.24%N. Murray Edwards737,404,47389.98%82,076,90710.02%Christopher L. Fong787,625,72896.11%31,855,6513.89%Ambassador Gordon D. Giffin611,943,99374.67%207,537,38625.33%Wilfred A. Gobert797,726,21797.35%21,75
Calgary, Alberta--(Newsfile Corp. - May 7, 2021) - Canadian Natural (TSX:CNQ) (NYSE:CNQ) 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 ForVotes WithheldCatherine M. Best839,152,01793.95%54,072,2776.05%M. Elizabeth Cannon860,314,87296.32%32,909,4223.68%N. Murray Edwards846,127,45694.73%47,096,8385.27%Christopher L. Fong834,310,89093.40%58,913,4046.60%Ambassador Gordon D. Giffin745,032,96683.41%148,191,32816.59%Wilfred A. Gobert853,395,54795.54%39,828,7474.
6-K - CANADIAN NATURAL RESOURCES LTD (0001017413) (Filer)
6-K - CANADIAN NATURAL RESOURCES LTD (0001017413) (Filer)
6-K - CANADIAN NATURAL RESOURCES LTD (0001017413) (Filer)
SD - CANADIAN NATURAL RESOURCES LTD (0001017413) (Filer)
6-K - CANADIAN NATURAL RESOURCES LTD (0001017413) (Filer)
6-K - CANADIAN NATURAL RESOURCES LTD (0001017413) (Filer)
6-K - CANADIAN NATURAL RESOURCES LTD (0001017413) (Filer)
6-K - CANADIAN NATURAL RESOURCES LTD (0001017413) (Filer)
6-K - CANADIAN NATURAL RESOURCES LTD (0001017413) (Filer)
40-F - CANADIAN NATURAL RESOURCES LTD (0001017413) (Filer)
Calgary, Alberta--(Newsfile Corp. - October 31, 2024) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) 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 culture in all areas of our company that focus on improving our costs, driving execution of growth opportunities and increasing value to shareholders. We achieved strong average production of approx
Calgary, Alberta--(Newsfile Corp. - October 7, 2024) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) announces that, in conjunction with the acquisition of Chevron Canada Limited's ("Chevron") Alberta assets and as a result of Canadian Natural's significant free cash flow, including targeted additional free cash flow generation from the acquired assets and the Company's strong financial position, the Board of Directors have agreed to increase the quarterly cash dividend by 7% to $0.5625 (fifty-six and one quarter cents) per common share, up from the previous quarterly cash dividend of $0.525 (fifty-two and one half cents) per common share. The dividend will be payable on January 3,
Calgary, Alberta--(Newsfile Corp. - October 7, 2024) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") announces that it entered into an agreement to acquire, subject to regulatory approvals, from Chevron Canada Limited ("Chevron") its 20% interest in the Athabasca Oil Sands Project ("AOSP"), 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%. The acquisition adds approximately 62,500 bbl/d(1) of long life no decline Synthetic Crude Oil ("SCO") production, contributing to Canadi
Calgary, Alberta--(Newsfile Corp. - August 1, 2024) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) President, Scott Stauth, commented on the Company's second quarter results, "The strength of our well-balanced and diverse portfolio, combined with Canadian Natural's ability to execute safe, effective and efficient operations, delivered an excellent second quarter. Canadian Natural strategically managed turnaround activities and optimized production resulting in strong Q2/24 volumes of approximately 934,000 bbl/d of liquids and 2.1 Bcf/d of natural gas, totaling 1,286,000 BOE/d, an increase of 8% from Q2/23 levels of 1,194,000 BOE/d. In Q2/24, we delivered strong thermal production of approximately
Calgary, Alberta--(Newsfile Corp. - August 1, 2024) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.525 (fifty two and one-half cents) per common share. The dividend will be payable on October 4, 2024 to shareholders of record at the close of business on September 13, 2024.The Company has a leading track record of dividend increases, with 2024 being the 24th consecutive year of dividend increases with a compound annual growth rate ("CAGR") of 21% over that time. This demonstrates the confidence that the Board of Directors has in the sustainability of our business model, our stron
Calgary, Alberta--(Newsfile Corp. - May 4, 2023) - Commenting on the Company's first quarter 2023 results, Tim McKay, President of Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ), 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 maximize value for our shareholders. In Q1/23, we delivered total quarterly production of approximately 1,319 MBOE/d, including record natural gas production of 2,139 MMcf/d and liquids production of 962
Calgary, Alberta--(Newsfile Corp. - May 4, 2023) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.90 (ninety cents) 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 model, the strength of our balance sheet and the Company's long life low decline asset base. The previously announced increase in March 2023 represents the continuation of the Company's lea
Calgary, Alberta--(Newsfile Corp. - March 2, 2023) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) President, Tim McKay, commented on the Company's 2022 results, "In 2022, we demonstrated the strength of our balanced, diverse asset base that when combined with our flexible capital allocation strategy, resulted in substantial free cash flow generation, significant returns to our shareholders and strong reserve growth. We achieved record annual production of 1,281,434 BOE/d in 2022, an increase of 4% from 2021 levels, and 8% growth on a production per share basis. This growth was largely driven by our strategic investment in our robust natural gas assets, which grew 23% from 2021 levels, achieving
Calgary, Alberta--(Newsfile Corp. - March 2, 2023) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) announces that its Board of Directors has approved a 6% increase to its quarterly cash dividend on its common shares to C$0.90 (ninety cents) per common share. The dividend will be payable on April 5, 2023 to shareholders of record at the close of business on March 17, 2023. Canadian Natural's growing and sustainable dividend demonstrates the confidence that the Board of Directors has in the sustainability of our business model, the strength of our balance sheet and the Company's diverse, long life low decline asset base. This increase represents the continuation of the Company's lead
Calgary, Alberta--(Newsfile Corp. - November 30, 2022) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) President, Tim McKay, commented on the Company's 2023 Budget, "Our dedicated teams are focused on safe, reliable, effective and efficient operations throughout our high quality and diverse asset base. Our large, low risk, high value reserves provide us optionality and flexibility to allocate capital to our highest return projects. Our diversified and balanced production maximizes value for our shareholders, as we do not rely on any one commodity type. Our 2023 targeted production mix consists of approximately 44% light and synthetic crude oil ("SCO"), 29% heavy crude oil and 27% natural gas, base
Calgary, Alberta--(Newsfile Corp. - October 31, 2024) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) 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 culture in all areas of our company that focus on improving our costs, driving execution of growth opportunities and increasing value to shareholders. We achieved strong average production of approx
Calgary, Alberta--(Newsfile Corp. - October 7, 2024) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) announces that, in conjunction with the acquisition of Chevron Canada Limited's ("Chevron") Alberta assets and as a result of Canadian Natural's significant free cash flow, including targeted additional free cash flow generation from the acquired assets and the Company's strong financial position, the Board of Directors have agreed to increase the quarterly cash dividend by 7% to $0.5625 (fifty-six and one quarter cents) per common share, up from the previous quarterly cash dividend of $0.525 (fifty-two and one half cents) per common share. The dividend will be payable on January 3,
Calgary, Alberta--(Newsfile Corp. - October 7, 2024) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") announces that it entered into an agreement to acquire, subject to regulatory approvals, from Chevron Canada Limited ("Chevron") its 20% interest in the Athabasca Oil Sands Project ("AOSP"), 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%. The acquisition adds approximately 62,500 bbl/d(1) of long life no decline Synthetic Crude Oil ("SCO") production, contributing to Canadi
Calgary, Alberta--(Newsfile Corp. - August 1, 2024) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) President, Scott Stauth, commented on the Company's second quarter results, "The strength of our well-balanced and diverse portfolio, combined with Canadian Natural's ability to execute safe, effective and efficient operations, delivered an excellent second quarter. Canadian Natural strategically managed turnaround activities and optimized production resulting in strong Q2/24 volumes of approximately 934,000 bbl/d of liquids and 2.1 Bcf/d of natural gas, totaling 1,286,000 BOE/d, an increase of 8% from Q2/23 levels of 1,194,000 BOE/d. In Q2/24, we delivered strong thermal production of approximately
Calgary, Alberta--(Newsfile Corp. - August 1, 2024) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.525 (fifty two and one-half cents) per common share. The dividend will be payable on October 4, 2024 to shareholders of record at the close of business on September 13, 2024.The Company has a leading track record of dividend increases, with 2024 being the 24th consecutive year of dividend increases with a compound annual growth rate ("CAGR") of 21% over that time. This demonstrates the confidence that the Board of Directors has in the sustainability of our business model, our stron
Calgary, Alberta--(Newsfile Corp. - May 5, 2023) - Canadian Natural (TSX:CNQ) (NYSE:CNQ) 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 ForVotes WithheldCatherine M. Best772,999,10794.33%46,482,2735.67%M. Elizabeth Cannon801,149,22697.76%18,332,1532.24%N. Murray Edwards737,404,47389.98%82,076,90710.02%Christopher L. Fong787,625,72896.11%31,855,6513.89%Ambassador Gordon D. Giffin611,943,99374.67%207,537,38625.33%Wilfred A. Gobert797,726,21797.35%21,75
Calgary, Alberta--(Newsfile Corp. - May 4, 2023) - Commenting on the Company's first quarter 2023 results, Tim McKay, President of Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ), 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 maximize value for our shareholders. In Q1/23, we delivered total quarterly production of approximately 1,319 MBOE/d, including record natural gas production of 2,139 MMcf/d and liquids production of 962
Calgary, Alberta--(Newsfile Corp. - May 4, 2023) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.90 (ninety cents) 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 model, the strength of our balance sheet and the Company's long life low decline asset base. The previously announced increase in March 2023 represents the continuation of the Company's lea
Calgary, Alberta--(Newsfile Corp. - March 8, 2023) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural") announced today that the Toronto Stock Exchange has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid ("NCIB") through the facilities of the Toronto Stock Exchange ("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 March 13, 2023 and ending March 12, 2024, purchase for cancellation up to 92,296,006 shares, being 10% of the public float as at February 28,
Calgary, Alberta--(Newsfile Corp. - March 2, 2023) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) President, Tim McKay, commented on the Company's 2022 results, "In 2022, we demonstrated the strength of our balanced, diverse asset base that when combined with our flexible capital allocation strategy, resulted in substantial free cash flow generation, significant returns to our shareholders and strong reserve growth. We achieved record annual production of 1,281,434 BOE/d in 2022, an increase of 4% from 2021 levels, and 8% growth on a production per share basis. This growth was largely driven by our strategic investment in our robust natural gas assets, which grew 23% from 2021 levels, achieving
Wolfe Research resumed coverage of Canadian Natrl Res with a rating of Peer Perform
Desjardins downgraded Canadian Natrl Res from Buy to Hold
UBS initiated coverage of Canadian Natrl Res with a rating of Buy
Stifel resumed coverage of Canadian Natrl Res with a rating of Buy
Goldman upgraded Canadian Natrl Res from Neutral to Buy and set a new price target of $69.00 from $62.00 previously
Jefferies initiated coverage of Canadian Natrl Res with a rating of Hold
Credit Suisse resumed coverage of Canadian Natrl Res with a rating of Neutral
BofA Securities upgraded Canadian Natrl Res from Neutral to Buy and set a new price target of $100.00
Scotiabank downgraded Canadian Natrl Res from Sector Outperform to Sector Perform
Wells Fargo reiterated coverage of Canadian Natural Res with a rating of Equal-Weight and set a new price target of $79.00 from $61.00 previously
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Canadian Natural Res (NYSE:CNQ) has outperformed the market over the past 20 years by 3.1% on an annualized basis producing an average annual return of 11.5%. Currently, Canadian Natural Res has a market capitalization of $76.50 billion. Buying $100 In CNQ: If an investor had bought $100 of CNQ stock 20 years ago, it would be worth $904.87 today based on a price of $35.81 for CNQ at the time of writing. Canadian Natural Res's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's autom
The U.S. faces severe heat waves, impacting areas from the Midwest into much of the Ohio Valley, Great Lakes, Northeast, and Mid-Atlantic through the next few days. According to the latest updates from the National Oceanic and Atmospheric Administration (NOAA), high temperatures and warm overnight lows will likely challenge daily and even some monthly records. Heat index readings are expected to peak from 100 to 105 degrees in many locations. “Those without access to reliable air conditioning are urged to find a way to cool down. Record warm overnight temperatures will prevent natural cooling and allow the heat danger to build over time indoors without air conditioning,” the NOAA w
Canadian Natural Res (NYSE:CNQ) has outperformed the market over the past 5 years by 6.91% on an annualized basis producing an average annual return of 20.04%. Currently, Canadian Natural Res has a market capitalization of $72.43 billion. Buying $100 In CNQ: If an investor had bought $100 of CNQ stock 5 years ago, it would be worth $251.80 today based on a price of $33.91 for CNQ at the time of writing. Canadian Natural Res's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automa
Scotiabank analyst Jason Bouvier maintains Canadian Natural Res (NYSE:CNQ) with a Sector Perform And Adjust PT to C$57- To reflect 2-for-1 share split
Canadian Natural Res (NYSE:CNQ) has outperformed the market over the past 5 years by 8.88% on an annualized basis producing an average annual return of 21.67%. Currently, Canadian Natural Res has a market capitalization of $77.77 billion. Buying $100 In CNQ: If an investor had bought $100 of CNQ stock 5 years ago, it would be worth $267.69 today based on a price of $72.81 for CNQ at the time of writing. Canadian Natural Res's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automa