Welcome to our dedicated page for Canadian Natural Resources news (Ticker: CNQ), a resource for investors and traders seeking the latest updates and insights on Canadian Natural Resources stock.
Canadian Natural Resources Limited (CNQ) maintains one of the world's most diversified energy portfolios, spanning conventional and unconventional oil production across three continents. This news hub provides investors and industry observers with direct access to official corporate announcements and market-moving updates.
Track CNQ's operational developments through timely coverage of quarterly earnings, strategic acquisitions, and sustainability initiatives. The resource aggregates critical updates including oil sands production milestones, carbon capture project advancements, and international expansion efforts. Users gain insights into the company's balanced approach to energy development through verified reports on capital allocation, environmental stewardship, and shareholder return programs.
Key updates include drilling program results, pipeline capacity expansions, and technological innovations in heavy oil recovery. The collection serves as both historical record and current awareness tool, featuring regulatory filings, partnership announcements, and energy market positioning statements. Content is organized chronologically while maintaining context about CNQ's long-life asset strategy and financial discipline.
Bookmark this page for streamlined monitoring of CNQ's operational performance and strategic direction. Combine regular reviews with fundamental analysis tools to assess the company's position within evolving energy markets.
Canadian Natural Resources (TSX: CNQ) (NYSE: CNQ) has announced an amendment to its Amended, Compiled and Restated Stock Option Plan. The key modification clarifies that any changes to the Plan's amendment provisions now require explicit shareholder approval.
The amendment updates information on page 16 and Schedule D of the company's March 19, 2025 proxy statement and management information circular. Shareholders will vote on approving unallocated stock options under the modified Plan at the upcoming annual and special meeting scheduled for May 8, 2025 at 11:00 am (MDT).
The company states that this amendment aligns with Institutional Shareholder Services (ISS) policies and encourages shareholders to vote in favor of approving the unallocated stock options under the modified Plan.
Canadian Natural Resources (CNQ) has announced a new Normal Course Issuer Bid (NCIB) program, allowing the company to purchase and cancel up to 178,738,237 shares (10% of public float) between March 13, 2025, and March 12, 2026. The daily purchase limit on TSX is set at 2,835,635 shares.
The company has outlined its free cash flow allocation strategy:
- 60% to shareholder returns and 40% to balance sheet until net debt reaches $15 billion
- 75% to shareholder returns and 25% to balance sheet when net debt is between $12-15 billion
- 100% to shareholder returns when net debt is at or below $12 billion
Under its previous NCIB program, CNQ purchased 52,380,000 common shares at a weighted average price of $48.35. The company plans to implement an automatic share purchase plan (ASPP) on March 13, 2025, facilitating share repurchases during blackout periods.
Canadian Natural Resources (TSX: CNQ) (NYSE: CNQ) has announced a 4% increase in its quarterly cash dividend to C$0.5875 per common share, up from C$0.5625. The dividend will be payable on April 4, 2025 to shareholders of record as of March 21, 2025.
This marks the company's 25th consecutive year of dividend increases, demonstrating a remarkable compound annual growth rate (CAGR) of 21% over this period. The consistent dividend growth reflects the Board's confidence in the company's sustainable business model, strong balance sheet, and diverse portfolio of long-life, low-decline reserves and assets.
Canadian Natural operates primarily in Western Canada, the U.K. North Sea, and Offshore Africa, focusing on crude oil and natural gas production.
Canadian Natural Resources (CNQ) reported strong 2024 performance with record annual production of 1,363,000 BOE/d, including record liquids production exceeding 1 million barrels per day. The company achieved record Q4 2024 Synthetic Crude Oil (SCO) production of 535,000 bbl/d and annual production of 472,000 bbl/d with a 99% utilization rate.
Financial highlights include adjusted net earnings of $7.4 billion and adjusted funds flow of $14.9 billion for 2024. The company returned approximately $7.1 billion to shareholders through dividends and share repurchases. Following recent acquisitions, CNQ maintains a strong balance sheet with a Debt to Book Capitalization of 32% and Debt to Adjusted EBITDA at 1.1x.
Notable achievements include the acquisition of additional interests in the Athabasca Oil Sands Project (AOSP), bringing CNQ's total oil sands mining production capacity to 592,000 bbl/d. The company's total proved reserves increased 9% to 15.2 billion BOE with a reserves life index of 33 years.
Canadian Natural Resources (TSX: CNQ) (NYSE: CNQ) has announced a significant asset swap transaction with Shell Canada , stemming from a 2017 agreement. Canadian Natural will exchange 10% of its interest in the Scotford Upgrader and Quest Carbon Capture and Storage facilities for Shell's remaining 10% stake in the Athabasca Oil Sands Project (AOSP) mines.
Upon completion, Canadian Natural will own 100% of the AOSP mines, increasing its production by approximately 31,000 bbl/d, while retaining an 80% interest in the Scotford Upgrader and Quest facilities. The transaction involves no cash exchange except for regular closing adjustments and is expected to close by Q1/25, pending regulatory approvals.
The company's position is strengthened by its commitment of 169,000 bbl/d on the Trans Mountain Expansion pipeline and 87,500 bbl/d to the USGC. The transaction's impact will be reflected in an updated 2025 production guidance following closure.
Canadian Natural Resources (TSX: CNQ) (NYSE: CNQ) has issued a warning to shareholders regarding an unsolicited 'mini-tender' offer from TRC Capital Investment TRC Capital is attempting to purchase up to 2,500,000 shares (approximately 0.12% of outstanding shares) at C$43.25 per share, representing a 4.44% discount to the closing price on January 14, 2025, and a 4.71% discount to the January 22, 2025 closing price.
Canadian Natural explicitly does not endorse this offer and highlights several concerns: the below-market pricing, numerous conditions attached to the offer, and lack of secured funding. The company emphasizes that mini-tender offers typically avoid many investor protections required by Canadian securities laws. Both Canadian Securities Administrators and SEC have expressed serious concerns about such offers and recommend investor caution.
Canadian Natural Resources (CNQ) has announced its 2025 budget with an operating capital allocation of approximately $6 billion. The company targets annual average production between 1,510 MBOE/d and 1,555 MBOE/d, representing a 12% growth over 2024 levels. The production mix is balanced with 47% light crude oil, NGLs and SCO, 26% heavy crude oil, and 27% natural gas.
The company plans to drill 361 net wells across its crude oil and liquids-rich natural gas assets, including 97 net light crude oil wells, 82 net liquids-rich natural gas wells, and 174 heavy crude oil wells. At Horizon, 2025 will be the first year without a planned turnaround, resulting in high targeted utilization. The company recently completed the acquisition of an additional 20% working interest in AOSP, bringing total ownership to 90%.
CNQ has increased its dividend for 25 consecutive years with a compound annual growth rate of 21%, with the most recent quarterly dividend increase to $0.5625 per common share announced in October 2024.
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