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 Ltd. (CNQ) generates news flow reflecting its position as one of the world's largest independent crude oil and natural gas producers. Operating across oil sands mining, thermal bitumen recovery, and conventional production in multiple countries, the company produces regular updates spanning operational performance, capital allocation, and market developments.
Investors tracking CNQ news monitor quarterly production and financial results, which detail output volumes across the company's diversified asset base and provide insight into operating costs and realized commodity prices. Budget and guidance announcements outline capital spending plans and production targets, offering forward visibility into the company's development priorities across its oil sands, conventional, and international operations.
Dividend announcements appear quarterly, reflecting Canadian Natural's commitment to shareholder returns. The company's capital allocation decisions—balancing reinvestment in production growth, debt management, and shareholder distributions—generate news that signals management's outlook on commodity markets and asset performance.
Energy sector news affecting Canadian producers broadly also impacts CNQ coverage, including pipeline capacity developments, regulatory changes affecting oil sands operations, and shifts in global crude oil and natural gas pricing. As a major producer with exposure to multiple product streams and geographic markets, Canadian Natural's news reflects both company-specific developments and broader industry dynamics.
Bookmark this page to follow Canadian Natural Resources announcements, quarterly results, and developments across the company's North American and international operations.
Canadian Natural Resources (TSX: CNQ) (NYSE: CNQ) has announced a 7% increase in its quarterly cash dividend to $0.5625 per common share, up from the previous $0.525. This increase is attributed to the company's significant free cash flow, including targeted additional free cash flow from recently acquired Chevron Canada 's Alberta assets, and its strong financial position.
The dividend will be payable on January 3, 2025 to shareholders of record at the close of business on December 13, 2024. This marks the 25th consecutive year of dividend increases by Canadian Natural, with a compound annual growth rate (CAGR) of 21% over that period.
Canadian Natural Resources (TSX: CNQ) (NYSE: CNQ) has announced the acquisition of Chevron's Alberta assets, including a 20% interest in the Athabasca Oil Sands Project (AOSP) and a 70% operated working interest in Duvernay play assets. The deal, valued at US$6.5 billion, is expected to close in Q4 2024 and will add approximately 122,500 BOE/d of targeted 2025 production and 1,448 MMBOE of Total Proved plus Probable reserves.
The acquisition increases Canadian Natural's interest in AOSP to 90% and adds about 62,500 bbl/d of Synthetic Crude Oil production. The Duvernay assets are expected to produce around 60,000 BOE/d in 2025. Canadian Natural also announced a 7% increase in its quarterly dividend to $0.5625 per share, marking its 25th consecutive year of dividend growth.
The company has secured a $4 billion term loan facility to partially fund the acquisition. Post-acquisition, Canadian Natural targets to exit 2024 with a debt to book capitalization of approximately 30% and debt to 12-month forward EBITDA of about 1.1x, based on US$70/bbl WTI.
Canadian Natural Resources (TSX: CNQ) (NYSE: CNQ) has declared a quarterly cash dividend of $0.525 per common share, payable on October 4, 2024 to shareholders of record as of September 13, 2024. This marks the 24th consecutive year of dividend increases for the company, with a compound annual growth rate (CAGR) of 21% over that period. The consistent dividend growth demonstrates the Board's confidence in the company's sustainable business model, strong balance sheet, and diverse, long-life, low-decline reserves and asset base. Canadian Natural is a leading crude oil and natural gas production company with operations in Western Canada, the U.K. North Sea, and Offshore Africa.
Canadian Natural Resources (TSX: CNQ) (NYSE: CNQ) announced strong Q2 2024 results, with production reaching 1,286,000 BOE/d, an 8% increase from Q2 2023. The company achieved thermal production of 268,000 bbl/d and completed planned turnarounds at Horizon ahead of schedule. In July 2024, Horizon reached a milestone of one billion barrels of bitumen production since 2009, with total proved SCO reserves of 6.9 billion barrels. The Trans Mountain Expansion pipeline commissioning positively impacted the Canadian energy industry. Canadian Natural reported adjusted net earnings of $1.9 billion and adjusted funds flow of $3.6 billion for Q2 2024, returning $1.9 billion to shareholders. The company maintains its commitment to environmental stewardship and safe operations despite changes in legislation.
Canadian Natural Resources (CNQ) recently held its Annual and Special Meeting of Shareholders, reporting the voting results. Key highlights include the election of directors, appointment of auditors, approval of executive compensation approach, and a vote on a share split. The company operates in Western Canada, the U.K. North Sea, and Offshore Africa.
Canadian Natural Resources (TSX: CNQ) (NYSE: CNQ) announced a two for one split of its common shares with a record date of June 3, 2024. Shareholders will receive one additional share for every one common share held. The split is expected to increase market liquidity and attract more investors. Trading will be on a due bill basis from June 3 to June 10, 2024. The split will not dilute equity or change shareholder rights. No action is needed from shareholders, and tax implications are minimal.
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.
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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