Canadian Natural Resources Ltd

Canadian Natural Resources Limited is a senior independent crude oil and natural gas exploration, development, and production company with operations concentrated in Western Canada, the U.K. portion of the North Sea, and Offshore Africa (Côte d'Ivoire). The company operates one of the largest and most diversified asset bases in the industry, producing synthetic crude oil (SCO) through bitumen mining and upgrading at Horizon Oil Sands and the Athabasca Oil Sands Project (AOSP), thermal in situ bitumen via SAGD and CSS operations at Jackfish, Kirby, Primrose, and Pike, primary heavy crude oil, Pelican Lake heavy crude oil, light and medium crude oil, natural gas liquids, and natural gas from extensive conventional and unconventional holdings across Western Canada. The company also owns midstream and refining assets, including a 50% interest in the North West Redwater Partnership bitumen upgrader and refinery. With total proved reserves of 15.91 billion BOE (31-year reserve life index) and total proved plus probable reserves of 20.75 billion BOE, the company's long-life, low-decline asset base supports sustainable production and cash flow generation with low maintenance capital requirements. Canadian Natural trades on the TSX and NYSE under the symbol CNQ. Updated May 10, 2026