Canadian Natural Resources Limited
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Norman Murray Edwards
- Full Time Employees
- 10,750
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- 2100, 855-2nd Street S.W. Calgary AB Canada T2P 4J8
- IPO Date
- Jul 31, 2000
- Website
- cnrl.com
- Similar Companies
- Business
- Canadian Natural Resources Limited (CNQ.TO) is an independent crude oil and natural gas exploration, development, and production company focused primarily on Western Canada, with additional operations in North America and offshore Africa. The company engages in the production of synthetic crude oil, bitumen, heavy crude oil, light and medium crude oil, and natural gas from oil sands mining and upgrading, in situ recovery methods including steam-assisted gravity drainage, primary heavy oil, conventional, and offshore developments; it also produces natural gas liquids and pipelines natural gas. Its core assets include oil sands projects such as Horizon Oil Sands and Athabasca Oil Sands; conventional oil and gas properties in the Western Canadian Sedimentary Basin, including the Montney formation; and exploration blocks offshore Côte d'Ivoire and Gabon. Founded in 1973 and headquartered in Calgary, Alberta, Canada, Canadian Natural Resources operates across Western Canada, the North Sea, and offshore West Africa, serving domestic and international markets with a portfolio emphasizing low-cost, long-life reserves. Recent strategic developments include the 2024 acquisition of two oil sands assets from Shell Canada for approximately CAD 7 billion, enhancing its position as a leading oil sands producer; ongoing expansion in the Montney resource play through drilling and infrastructure investments; and record production levels exceeding 1.4 million barrels of oil equivalent per day in 2024 amid strong commodity prices and operational efficiencies.
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