CNQ - Earnings announcements

Calgary, Alberta--(Newsfile Corp. - March 5, 2026) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) President, Scott Stauth, commented on the Company's fourth quarter and year end 2025 results, "The year 2025 was the best operational year in the Company's long history of maximizing value for our shareholders. We set several production records, lowered our operating costs and capital expenditures came in under our forecast. We grew organically and completed several accretive acquisitions, including the Palliser Block assets in southern Alberta and liquids-rich Montney assets in the Grande Prairie area, along with increasing our ownership in the Albian mines to 100% through an asset swap. As a result

Calgary, Alberta--(Newsfile Corp. - November 6, 2025) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) President, Scott Stauth, commented on the Company's third quarter results, "Operations were strong in Q3/25 as we achieved record quarterly production volumes totaling approximately 1,620 MBOE/d, including records for both liquids and natural gas at 1,176 Mbbl/d and 2,668 MMcf/d respectively. We increased total corporate production by 19% or approximately 257,000 BOE/d from Q3/24 levels, reflecting both accretive acquisitions and organic growth achieved across our asset base over the last 12 months.Our world class Oil Sands Mining and Upgrading assets continue to achieve strong operational perform

Calgary, Alberta--(Newsfile Corp. - August 7, 2025) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) President, Scott Stauth, commented on the Company's second quarter results, "Our relentless focus on continuous improvement combined with effective and efficient operations drove strong performance year to date in 2025. Our ability to effectively allocate capital across our strong asset base provides us with a competitive advantage. This ability, combined with accretive acquisitions, creates significant long-term value for our shareholders. Our culture of accountability and the strength of our assets is a unique advantage that results in both capital and operating cost savings and maximizes value fo

Calgary, Alberta--(Newsfile Corp. - May 8, 2025) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) President, Scott Stauth, commented on the Company's Q1/25 results, "We have a long track record of being an industry leading effective and efficient producer while consistently delivering top tier operational and financial performance. All our employees are shareholders, with a strong focus on continuous improvement, consistently driving strong results. In Q1/25 we achieved record quarterly production of approximately 1,582,000 BOE/d, which included record quarterly liquids production of approximately 1,174,000 bbl/d, 79% of which was long life low decline production and record quarterly natural gas pr

Calgary, Alberta--(Newsfile Corp. - March 6, 2025) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) 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 record annual liquids production of over one million barrels per day. At our world class Oil Sands Mining and Upgrading assets, we achieved record quarterly and annual Synthetic Crude Oil ("SCO") prod

Calgary, Alberta--(Newsfile Corp. - January 9, 2025) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) 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 approximately $6 billion targets to deliver value growth and strong returns on capital. Annual average production in 2025 is targeted to be between 1,510 MBOE/d and 1,555 MBOE/d, resulting in production gro

Calgary, Alberta--(Newsfile Corp. - December 6, 2024) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") announces it has completed the acquisition of Chevron Canada Limited's ("Chevron") Alberta assets, which include a 20% interest in the Athabasca Oil Sands Project ("AOSP") 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 facility. The acquisition also includes various working interests in a number of other non-producing oil sands leases.The Company targets 2025

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) ("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. - 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. - 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. - November 3, 2022) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) 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 drive strong operational and financial results. We achieved record total quarterly production of approximately 1,339,000 BOE‍/‍d, including 487,553 bbl/‍d of Synthetic Crude Oil ("SCO"), reflecting str

Calgary, Alberta--(Newsfile Corp. - August 4, 2022) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) 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, low risk, high value reserves that require lower maintenance capital than most other reserves, making Canadian Natural a truly robust and resilient energy company."Our culture of continuous improvement

Calgary, Alberta--(Newsfile Corp. - May 5, 2022) - Commenting on the Company's first quarter 2022 results, Tim McKay, President of Canadian Natural (TSX:CNQ) (NYSE:CNQ), 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 production of over 2.0 Bcf/d, an increase of approximately 0.4 Bcf‍/‍d from Q1/21 levels. Financially we delivered strong quarterly free cash flow of approximately $3.4 billion, after dividends of approximately $0.7 billi

Calgary, Alberta--(Newsfile Corp. - March 3, 2022) - Commenting on the Company's 2021 results, Tim McKay, President of Canadian Natural (TSX:CNQ) (NYSE:CNQ), 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 a record 1,314 MBOE/d, including 1,004 Mbbl/d of liquids, primarily driven by strong quarterly production volumes from oil sands mining and thermal in situ. Our strong operational results during 2021 d

Calgary, Alberta--(Newsfile Corp. - January 11, 2022) - Canadian Natural's (TSX:CNQ) (NYSE:CNQ) 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 and 26% natural gas, at the mid-point of our targeted production range. Our assets have low maintenance capital requirements, and combined with our strong operating teams and our effective and effici

Calgary, Alberta--(Newsfile Corp. - December 17, 2021) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") announces that the previously announced acquisition by Canadian Natural of all the issued and outstanding common shares of Storm Resources Ltd. ("Storm") 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 gas assets in the Northeast British Columbia area, providing the Company further opportunities to leverage synergies within our diversified portfo

Calgary, Alberta--(Newsfile Corp. - November 4, 2021) - Commenting on the Company's third quarter 2021 results, Tim McKay, President of Canadian Natural (TSX:CNQ) (NYSE:CNQ) 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 returns through our sustainable dividend and ongoing share repurchases. Our world class long life low decline assets, which have low maintenance capital requirements relative to the size and quality of

Calgary, Alberta--(Newsfile Corp. - August 5, 2021) - Commenting on the Company's second quarter 2021 results, Tim McKay, President of Canadian Natural (TSX:CNQ) (NYSE:CNQ) 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 Natural's long life low decline asset base generated significant free cash flow in the quarter maximizing value for our shareholders, as we balanced free cash flow to our four pillars of capital allocati