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Canadian Natural Resources Limited - $CNQ STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Canadian Natural Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Canadian Natural Resources's position in the market.

Rhea-AI Summary

Canadian Natural Resources (CNQ) announced a quarterly dividend increase of 5% to $1.05 per common share, demonstrating confidence in its business model, strong balance sheet, and diverse asset base. The dividend will be payable on July 5, 2024, to shareholders of record on June 17, 2024. This marks the 24th consecutive year of dividend increases for the company.

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Canadian Natural Resources announced its 2024 first quarter results, highlighting the return of 100% of free cash flow to shareholders, strengthened crude oil price forecasts, strategic asset base allocation, and environmental sustainability commitments.

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Rhea-AI Summary
Canadian Natural Resources Limited (CNQ) announced a Normal Course Issuer Bid to repurchase up to 90,231,429 shares, 10% of the public float. They plan to return 100% of free cash flow to shareholders in 2024 through dividends and share repurchases.
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Rhea-AI Summary
Canadian Natural Resources Limited (CNQ) announces a 5% increase in quarterly cash dividend, showcasing confidence in the company's business model and strong balance sheet. The dividend will be C$1.05 per common share, payable on April 5, 2024, to shareholders of record on March 15, 2024. This marks the 24th consecutive year of dividend increases with a CAGR of 21% over time.
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5.22%
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Rhea-AI Summary
Canadian Natural Resources Limited (CNQ) had a successful 2023, achieving a net debt level of $10 billion in Q4/23 earlier than forecasted. The company plans to return 100% of free cash flow to shareholders through dividends and share buybacks. With a disciplined 2024 capital budget of $5.4 billion, Canadian Natural aims to continue its strong performance in the coming year. The company is committed to reducing environmental impact and supporting Canada's climate goals. Canadian Natural also reported strong financial results, including net earnings of $8.2 billion and adjusted funds flow of $15.3 billion in 2023.
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5.22%
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Canadian Natural Resources Limited (CNQ) announces its 2024 budget, targeting approximately $5.4 billion capital budget, disciplined capital allocation, and strong returns to shareholders. The company aims to increase production levels by approximately 40 MBOE/d from 2023 to 2024 and drive 2025 average annual production growth of approximately 4% to 5%. Canadian Natural is committed to supporting Canada's climate goals and reducing environmental footprint with an aspirational goal of net zero greenhouse gas emissions in the oil sands by 2050.
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1.94%
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Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) has approved an 11% increase to its quarterly cash dividend on its common shares to C$1.00 per common share. The dividend will be payable on January 5, 2024, to shareholders of record at the close of business on December 8, 2023. This increase marks the 24th consecutive year of dividend increases for the company.
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4.98%
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Rhea-AI Summary
Canadian Natural (TSX: CNQ) (NYSE: CNQ) reported strong Q3 2023 results, with record quarterly production volumes and significant free cash flow. Average quarterly production volumes reached approximately 1,394,000 BOE/d, the highest in the company's history. Synthetic crude oil production was strong at 491,000 bbl/d, capturing robust pricing. The company also announced an 11% increase in its quarterly dividend and a net debt target of $10 billion in Q1 2024.
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4.98%
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Canadian Natural reports Q2/23 results with adjusted funds flow of approximately $2.7 billion and average daily production volumes of approximately 1,194 MBOE/d. Q3/23 average thermal production is targeted to be approximately 280,000 bbl/d, representing growth of approximately 30,000 bbl/d. Synthetic crude oil production was strong, with July 2023 volumes averaging approximately 513,000 bbl/d. ESG remains a priority for the company. Canadian Natural delivered solid results with adjusted net earnings of approximately $1.3 billion and adjusted funds flow of approximately $2.7 billion. The company has returned approximately $4.3 billion to shareholders through dividends and share repurchases year-to-date. Total corporate production has grown by roughly 50% since the acquisition of the Athabasca Oil Sands Project. Returns to shareholders in Q2/23 were strong, totaling approximately $1.5 billion.
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1.11%
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Rhea-AI Summary
Canadian Natural Resources Limited (CNQ) declares a quarterly cash dividend of C$0.90 per common share, payable on October 5, 2023. This dividend represents the company's 23rd consecutive year of dividend increases, with a compound annual growth rate of approximately 21%. The announcement demonstrates the company's confidence in its sustainable business model, strong balance sheet, and long-life low decline asset base.
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Rhea-AI Sentiment
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1.11%
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dividends
Canadian Natural Resources Limited

NYSE:CNQ

CNQ Rankings

CNQ Stock Data

80.17B
1.05B
2.2%
79.02%
4.41%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Calgary

About CNQ

make your mark while you grow your career at canadian natural we believe our employees are the key to unlocking asset potential. as one of the largest independent crude oil and natural gas producers in the world, our balanced mix of natural gas, light oil, heavy oil, in situ oil sands production and oil sands mining creates opportunity for people who want to be part of a challenging and competitive industry. join our team as we continue to create value through innovation by “doing it right” with fun and integrity in north america, the north sea, and offshore africa. health and safety at canadian natural, safety is a core value. we conduct all of our operations in a way that identifies, minimizes and mitigates harm to the health and safety of employees, contractors, the public and the environment. want to learn more? visit http://www.cnrl-careers.com/candidateinfo to learn about: • compensation and benefits • environmental initiatives • operations • company culture • relocation assistan