Canadian Natural Resources Limited Reports Voting Results at Annual Meeting

Rhea-AI Summary

Canadian Natural Resources (TSX/NYSE: CNQ) reported shareholder voting results from its Annual Meeting held May 7, 2026. All director nominees were elected, most with >90% support; vote tallies and withheld votes are published for each nominee. PricewaterhouseCoopers LLP was reappointed auditor (96.74% for). An advisory "say-on-pay" received 98.60% support.

Contact and investor relations details are provided, and the company cautions that forward-looking statements are subject to risks and uncertainties.

News Market Reaction – CNQ

+1.48%

+1.48% Session close to close

In the May 11 session, CNQ gained 1.48%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details routine outcomes from the May 7, 2026 annual meeting, including strong sha...

Analysis

This announcement details routine outcomes from the May 7, 2026 annual meeting, including strong shareholder backing for all director nominees, the auditor appointment and executive compensation on an advisory basis. In recent months, Canadian Natural has paired robust financial performance with increased dividends and active buybacks. Investors may watch how ongoing capital return policies, operational execution and future governance changes interact with broader energy market conditions.

Key Figures

Brown votes for: 1,318,109,116 votes (99.32%) Brown votes withheld: 9,085,190 votes (0.68%) Giffin votes for: 1,213,053,561 votes (91.40%) +5 more

8 metrics

Brown votes for 1,318,109,116 votes (99.32%) Election of Shelley A.M. Brown as director

Brown votes withheld 9,085,190 votes (0.68%) Election of Shelley A.M. Brown as director

Giffin votes for 1,213,053,561 votes (91.40%) Election of Ambassador Gordon D. Giffin as director

Auditor votes for 1,321,098,967 votes (96.74%) Appointment of PricewaterhouseCoopers LLP as auditors

Auditor votes withheld 44,491,224 votes (3.26%) Appointment of PricewaterhouseCoopers LLP as auditors

Say-on-pay votes for 1,308,662,966 votes (98.60%) Advisory vote on executive compensation approach

Say-on-pay votes against 18,528,723 votes (1.40%) Advisory vote on executive compensation approach

Current share price $44.53 Pre-news market context on publication date

Historical Context

5 past events · Latest: May 07 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 07	Quarterly dividend	Positive	-1.9%	Declared C$0.625 dividend with 26-year growth track record.
May 07	Q1 2026 results	Positive	-1.9%	Reported strong Q1 earnings, funds flow and high production levels.
Mar 10	NCIB announcement	Positive	+3.4%	Announced large share repurchase authorization and free cash flow policy.
Mar 05	Dividend increase	Positive	+2.6%	Raised quarterly dividend 6.4% to $0.625 per share.
Mar 05	2025 results	Positive	+2.6%	Reported record 2025 earnings, funds flow and production with higher guidance.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Dividend, buyback and earnings updates have generally seen aligned positive reactions, but the latest dividend and Q1 news coincided with a negative move, marking recent divergences.

Recent Company History

Over the last few months, Canadian Natural has emphasized shareholder returns and strong operations. On Mar 5, record 2025 results and a dividend increase were followed by a positive move. A large NCIB on Mar 10 also aligned with a gain. However, dividend and Q1 2026 announcements on May 7 coincided with a -1.95% move. Today’s annual meeting vote results fit into this governance and capital-returns narrative.

Key Terms

annual meeting of shareholders, information circular, forward-looking statements, non-gaap and other financial measures

4 terms

annual meeting of shareholders regulatory

"Canadian Natural held its Annual Meeting of Shareholders on May 7, 2026."

A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.

information circular regulatory

"On an advisory basis, accepting the Corporation's approach to executive compensation, as described in the Information Circular."

An information circular is a formal document sent to shareholders before a corporate vote or major transaction that explains the proposal, background facts, financial terms, potential conflicts of interest and how to cast a vote. It matters to investors because it provides the key facts and risks needed to make an informed decision about their shares, like a detailed brochure you read before voting in a neighborhood association to understand who benefits and why.

forward-looking statements regulatory

"Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

non-gaap and other financial measures financial

"notes regarding 'Non-GAAP and Other Financial Measures' at www.cnrl.com."

Non-GAAP and other financial measures are company-reported numbers that adjust standard accounting results to highlight particular aspects of performance, such as cash flow or recurring earnings, by excluding items management considers one-time or non-core. Investors use them like a cook's adjusted recipe to see a specific flavor — they can help reveal trends or operating strength that conventional accounting hides, but they require careful comparison because different companies may adjust the numbers in different ways.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Calgary, Alberta--(Newsfile Corp. - May 8, 2026) - Canadian Natural held its Annual Meeting of Shareholders on May 7, 2026. 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 For	Votes Withheld
Shelley A.M. Brown		1,318,109,116	9,085,190
		99.32 %	0.68 %
Dr. M. Elizabeth Cannon		1,318,761,424	8,432,883
		99.36 %	0.64 %
N. Murray Edwards		1,281,832,744	45,361,563
		96.58 %	3.42 %
Christopher L. Fong		1,233,806,307	93,388,000
		92.96 %	7.04 %
Ambassador Gordon D. Giffin		1,213,053,561	114,140,746
		91.40 %	8.60 %
Christine M. Healy		1,313,297,299	13,897,007
		98.95 %	1.05 %
Dr. Grant E. Isaac		1,325,514,980	1,679,327
		99.87 %	0.13 %
Steve W. Laut		1,304,222,672	22,971,635
		98.27 %	1.73 %
Honourable Frank J. McKenna		1,277,696,158	49,498,150
		96.27 %	3.73 %
Scott G. Stauth		1,312,197,438	14,996,869
		98.87 %	1.13 %
David A. Tuer		1,269,988,268	57,206,039
		95.69 %	4.31 %
Annette M. Verschuren		1,312,955,652	14,238,655
		98.93 %	1.07 %

		Votes For	Votes Withheld
The appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, Calgary, Alberta as auditors of the Corporation for the ensuing year and the authorization of the Audit Committee of the Board of Directors of the Corporation to fix their remuneration.		1,321,098,967	44,491,224
		96.74 %	3.26 %
		Votes For	Votes Against
On an advisory basis, accepting the Corporation's approach to executive compensation, as described in the Information Circular.		1,308,662,966	18,528,723
		98.60 %	1.40 %

 

Canadian Natural is a senior crude oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore Africa.

CANADIAN NATURAL RESOURCES LIMITED T (403) 517-6700 F (403) 517-7350 E ir@cnrl.com 2100, 855 - 2 Street S.W. Calgary, Alberta, T2P 4J8 www.cnrl.com

SCOTT G. STAUTH President VICTOR C. DAREL Chief Financial Officer LANCE J. CASSON Manager, Investor Relations Trading Symbol - CNQ Toronto Stock Exchange New York Stock Exchange

 

Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The Company does not undertake to update forward-looking statements except as required by applicable securities laws. Refer to our website for detailed forward-looking statements and notes regarding 'Non-GAAP and Other Financial Measures' at www.cnrl.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296760

FAQ

What were the voting results for Canadian Natural (CNQ) directors at the May 7, 2026 annual meeting?

All director nominees were elected, most with over 90% support. According to Canadian Natural, vote counts and withheld votes for each nominee are published, showing support ranging from 91.40% to 99.87% across individual directors.

Was PricewaterhouseCoopers reappointed as Canadian Natural (CNQ) auditor and what was the vote?

Yes, PricewaterhouseCoopers LLP was reappointed as auditor with 96.74% of votes in favour. According to Canadian Natural, shareholders also authorized the audit committee to fix the auditor's remuneration.

How did Canadian Natural (CNQ) shareholders vote on the advisory say-on-pay on May 7, 2026?

Shareholders supported the advisory vote on executive compensation with 98.60% in favour. According to Canadian Natural, the advisory resolution accepted the company's approach as described in its Information Circular.

Which Canadian Natural (CNQ) director received the highest percentage of shareholder support?

Dr. Grant E. Isaac received the highest support at 99.87% of votes for. According to Canadian Natural, the published tallies list individual vote counts and withheld votes for each nominee.

Where can investors find Canadian Natural (CNQ) investor contacts and further disclosures after the May 2026 meeting?

Investor relations contact details are provided, including phone and email, and further disclosures are on the company website. According to Canadian Natural, additional forward-looking statements and non-GAAP notes are available at www.cnrl.com.