Upcoming Dividend • Jun 16
Upcoming dividend of CA$0.63 per share Eligible shareholders must have bought the stock before 23 June 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 51% and the cash payout ratio is 81%. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.8%). Announcement • Jun 10
Canadian Natural Resources Limited to Report Q2, 2026 Results on Aug 06, 2026 Canadian Natural Resources Limited announced that they will report Q2, 2026 results on Aug 06, 2026 Declared Dividend • May 20
First quarter dividend of CA$0.63 announced Shareholders will receive a dividend of CA$0.63. Ex-date: 23rd June 2026 Payment date: 7th July 2026 Dividend yield will be 4.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 4.1% over the next 3 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range. Announcement • Mar 27
Canadian Natural Resources Limited to Report Q1, 2026 Results on May 07, 2026 Canadian Natural Resources Limited announced that they will report Q1, 2026 results Pre-Market on May 07, 2026 Announcement • Feb 24
Canadian Natural Resources Limited, Annual General Meeting, May 07, 2026 Canadian Natural Resources Limited, Annual General Meeting, May 07, 2026. Location: alberta, calgary Canada Announcement • Feb 06
Canadian Natural Resources Limited to Report Q4, 2025 Results on Mar 05, 2026 Canadian Natural Resources Limited announced that they will report Q4, 2025 results on Mar 05, 2026 Announcement • Jan 14
Canadian Natural Resources Reportedly Set to Acquire Tourmaline’s Natural Gas Business Canadian Natural Resources Limited (TSX:CNQ) is poised to purchase a $1-billion-plus portfolio of Alberta natural gas properties from Tourmaline Oil Corp. (TSX:TOU). Canadian Natural filed the paperwork for federal Competition Bureau approval of a transaction with Tourmaline on Dec. 30, according to a recent notification published by the bureau. However, the regulator and the Calgary-based companies did not disclose details of the potential deal. Canadian Natural is in talks to acquire a natural gas business in Alberta’s Peace River region that Tourmaline put up for sale in November, according to two sources familiar with the negotiations. The Globe is not naming the sources because they are not authorized to speak publicly about the talks. Last year, analysts estimated the portfolio could fetch up to $1.4-billion. Canadian Natural also owns gas wells and energy infrastructure in the area. Tourmaline’s Peace River operations include 2,428 horizontal wells, 34 gas plants and 15,500 kilometres of pipelines. Canadian Natural is seeking preliminary regulatory feedback on a potential acquisition of the Tourmaline assets prior to announcing a purchase, the sources said. Tourmaline said it would not comment on the sale process of its Peace River assets before its first-quarter report, which is slated for March 4. Canadian Natural also declined to comment on the regulatory filing. The application to the federal competition watchdog suggests that the scale of Canadian Natural’s potential acquisition requires regulatory approval, a relatively common development when companies in mature sectors such as energy buy businesses from peers. Tourmaline’s sale of its Peace River assets is expected to lower its operational expenses this year by roughly 7%, ATB Financial said in its 2026 oil and gas outlook. Announcement • Nov 08
Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on January 6, 2026 Canadian Natural Resources Limited announced that its Board of Directors has declared a quarterly cash dividend on its common shares of CAD 0.5875 per share. The dividend will be payable on January 6, 2026 to shareholders of record at the close of business on December 12, 2025. Announcement • Nov 04
Canadian Natural Resources Limited Updates Production Guidance for the Year 2025 Canadian Natural Resources Limited updated production guidance for the year 2025. For the year, the company expects to update
2025 production guidance with the addition of the 31,000 bbl/d from the swap transaction, included effective November 1, 2025, which results in current production volumes of approximately 1,670 MBOE/d. Annual 2025 production guidance is now targeted to be between 1,560 MBOE/d and 1,580 MBOE/d and represents production growth in 2025 of approximately 207 MBOE/d or 15% over 2024 production levels, based on the mid-point of the updated guidance. Announcement • Oct 03
Canadian Natural Resources Limited to Report Q3, 2025 Results on Nov 06, 2025 Canadian Natural Resources Limited announced that they will report Q3, 2025 results on Nov 06, 2025 Declared Dividend • Aug 18
Second quarter dividend of CA$0.59 announced Shareholders will receive a dividend of CA$0.59. Ex-date: 19th September 2025 Payment date: 3rd October 2025 Dividend yield will be 6.7%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 1.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 08
Canadian Natural Resources Limited to Report Q2, 2025 Results on Aug 07, 2025 Canadian Natural Resources Limited announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025 Announcement • May 09
Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on July 3, 2025 Canadian Natural Resources Limited declared a quarterly cash dividend on its common shares of CAD 0.5875 per common share. The quarterly dividend will be payable on July 3, 2025 to shareholders of record at the close of business on June 13, 2025. Announcement • Apr 07
Canadian Natural Resources Limited to Report Q1, 2025 Results on May 08, 2025 Canadian Natural Resources Limited announced that they will report Q1, 2025 results Pre-Market on May 08, 2025 Announcement • Mar 08
Canadian Natural Resources Limited Announces Quarterly Cash Dividend, Payable on April 4, 2025 Canadian Natural Resources Limited announces that its Board of Directors approved a 4% increase to its quarterly cash dividend on its common shares to CAD 0.5875 (fifty-eight and three quarter cents) per common share, up from the previous quarterly cash dividend of CAD 0.5625 (fifty-six and one quarter cents) per common share. The dividend will be payable on April 4, 2025 to shareholders of record at the close of business on March 21, 2025. Announcement • Feb 25
Canadian Natural Resources Limited, Annual General Meeting, May 08, 2025 Canadian Natural Resources Limited, Annual General Meeting, May 08, 2025. Location: alberta, calgary Canada Announcement • Jan 30
Canadian Natural Resources Limited to Report Q4, 2024 Results on Mar 06, 2025 Canadian Natural Resources Limited announced that they will report Q4, 2024 results on Mar 06, 2025 Announcement • Jan 10
Canadian Natural Resources Limited Provides Production Guidance for the Year 2025 Canadian Natural Resources Limited provided production guidance for the year 2025. For the period, the company's production guidance range is approximately 1.510 million to 1.555 million BOEs per day with a breakdown of 2.425 to 2.480 Bcf per day of natural gas and total liquids of 1.106 to 1.142 million barrels per day. This represents growth of approximately 170,000 BOEs per day or 12% from the 2024 based on midpoint of guidance. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: CA$1.07 (vs CA$1.08 in 3Q 2023) Third quarter 2024 results: EPS: CA$1.07 (down from CA$1.08 in 3Q 2023). Revenue: CA$8.89b (down 10% from 3Q 2023). Net income: CA$2.27b (down 3.3% from 3Q 2023). Profit margin: 26% (up from 24% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Declared Dividend • Oct 09
Dividend of CA$0.56 announced Shareholders will receive a dividend of CA$0.56. Ex-date: 13th December 2024 Payment date: 3rd January 2025 Dividend yield will be 6.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 07
Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on January 3, 2025 Canadian Natural Resources Limited have agreed to increase the quarterly cash dividend by 7% to $0.5625 per common share, up from the previous quarterly cash dividend of $0.525 per common share. The dividend will be payable on January 3, 2025 to shareholders of record at the close of business on December 13, 2024. Announcement • Oct 01
Canadian Natural Resources Limited to Report Q3, 2024 Results on Oct 31, 2024 Canadian Natural Resources Limited announced that they will report Q3, 2024 results on Oct 31, 2024 Upcoming Dividend • Sep 06
Upcoming dividend of CA$0.53 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.6%). Declared Dividend • Aug 05
Second quarter dividend of CA$0.53 announced Shareholders will receive a dividend of CA$0.53. Ex-date: 13th September 2024 Payment date: 4th October 2024 Dividend yield will be 7.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: CA$0.80 (vs CA$0.67 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.80 (up from CA$0.67 in 2Q 2023). Revenue: CA$9.05b (up 15% from 2Q 2023). Net income: CA$1.72b (up 17% from 2Q 2023). Profit margin: 19% (in line with 2Q 2023). Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 37%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 04
Canadian Natural Resources Limited to Report Q2, 2024 Results on Aug 01, 2024 Canadian Natural Resources Limited announced that they will report Q2, 2024 results on Aug 01, 2024 Upcoming Dividend • Jun 10
Upcoming dividend of CA$0.53 per share Eligible shareholders must have bought the stock before 17 June 2024. Payment date: 05 July 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.4%). Declared Dividend • May 05
First quarter dividend of CA$1.05 announced Shareholders will receive a dividend of CA$1.05. Ex-date: 17th June 2024 Payment date: 5th July 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: CA$0.92 (vs CA$1.64 in 1Q 2023) First quarter 2024 results: EPS: CA$0.92 (down from CA$1.64 in 1Q 2023). Revenue: CA$8.24b (down 4.5% from 1Q 2023). Net income: CA$987.0m (down 45% from 1Q 2023). Profit margin: 12% (down from 21% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 02
Canadian Natural Resources Limited to Report Q1, 2024 Results on May 02, 2024 Canadian Natural Resources Limited announced that they will report Q1, 2024 results on May 02, 2024 Recent Insider Transactions • Mar 18
Executive Chairman recently sold €17m worth of stock On the 13th of March, Norman Edwards sold around 252k shares on-market at roughly €66.78 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €29m. Norman has been a net seller over the last 12 months, reducing personal holdings by €57m. Upcoming Dividend • Mar 07
Upcoming dividend of CA$1.05 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.4%). Declared Dividend • Mar 03
Fourth quarter dividend of CA$1.05 announced Shareholders will receive a dividend of CA$1.05. Ex-date: 14th March 2024 Payment date: 5th April 2024 Dividend yield will be 4.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: CA$7.54 (vs CA$9.64 in FY 2022) Full year 2023 results: EPS: CA$7.54 (down from CA$9.64 in FY 2022). Revenue: CA$36.0b (down 15% from FY 2022). Net income: CA$8.23b (down 25% from FY 2022). Profit margin: 23% (down from 26% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 34% per year. Announcement • Mar 01
Canadian Natural Resources Limited Declares Cash Dividend, Payable on April 5, 2024 Canadian Natural Resources Limited announces that its Board of Directors approved a 5% increase to its quarterly cash dividend on its common shares to CAD 1.05 (One dollar and five cents) per common share. The dividend will be payable on April 5, 2024 to shareholders of record at the close of business on March 15, 2024. Announcement • Feb 18
Canadian Natural Resources Limited, Annual General Meeting, May 02, 2024 Canadian Natural Resources Limited, Annual General Meeting, May 02, 2024. Announcement • Feb 02
Canadian Natural Resources Limited to Report Q4, 2023 Results on Feb 29, 2024 Canadian Natural Resources Limited announced that they will report Q4, 2023 results Pre-Market on Feb 29, 2024 Recent Insider Transactions • Jan 08
Executive Chairman recently sold €29m worth of stock On the 3rd of January, Norman Edwards sold around 470k shares on-market at roughly €60.68 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Norman has been a net seller over the last 12 months, reducing personal holdings by €50m. Upcoming Dividend • Nov 30
Upcoming dividend of CA$1.00 per share at 4.4% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 05 January 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.9%). Recent Insider Transactions • Nov 13
Independent Director recently sold €23m worth of stock On the 9th of November, Steve Laut sold around 384k shares on-market at roughly €58.66 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €24m. Insiders have been net sellers, collectively disposing of €88m more than they bought in the last 12 months. Announcement • Nov 05
Canadian Natural Resources Limited Declares Quarterly Dividend, Payable on January 5, 2024; Provides Dividend Guidance for the Year 2023 Canadian Natural Resources Limited announced that the Board of Directors has approved an 11% increase to quarterly dividend to $1.00 per common share, from $0.90 per common share, payable on January 5, 2024 to shareholders of record on December 8, 2023. With this increase announced on November 2, 2023, the Company has increased its dividend by 18% in 2023 to $4.00 per share annually. As a result, the Company's leading track record of dividend increases continues, as this increase will mark 2024 as the 24th consecutive year of dividend increases, with a CAGR of 21% over that time. Announcement • Nov 04
Canadian Natural Resources Limited Announces Executive Changes Tim McKay will assume the role of vice-chair and Scott Stauth, currently chief operating officer, Oil Sands, will be promoted to president of Canadian Natural Resources Limited. The change will happen at Canadian Natural's 2023 year-end board meeting on Feb. 28, 2024. The company will continue to focus on controlling costs and being financially disciplined, according to management. Stauth has been with Canadian Natural for 26 years in increasingly responsible management roles across all operations in Canada. Stauth, as chief operating officer, Oil Sands, has played an integral role in delivering top tier performance across all of the company’s oilsands operations, it said. As vice-chair, McKay will support the management transition until his retirement in summer 2024. In addition, as part of the succession plan, Jay Froc, currently senior vice-president Oil Sands Mining and Upgrading, will be promoted to chief operating officer, Oil Sands on Jan. 1, 2024. Froc has been with Canadian Natural for 10 years. Trevor Cassidy, chief operating officer, E&P, after over 23 years of contributing to the company's success will be retiring in Q4/23, at which time Robin Zabek, currently senior vice-president Exploitation E&P, will be promoted to chief operating officer, E&P. Zabek has been with Canadian Natural for 20 years. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: CA$2.15 (vs CA$2.52 in 3Q 2022) Third quarter 2023 results: EPS: CA$2.15 (down from CA$2.52 in 3Q 2022). Revenue: CA$9.90b (down 5.4% from 3Q 2022). Net income: CA$2.34b (down 17% from 3Q 2022). Profit margin: 24% (down from 27% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 02
Canadian Natural Resources Limited to Report Q3, 2023 Results on Nov 02, 2023 Canadian Natural Resources Limited announced that they will report Q3, 2023 results Pre-Market on Nov 02, 2023 Recent Insider Transactions • Oct 02
Independent Director recently sold €24m worth of stock On the 27th of September, Steve Laut sold around 384k shares on-market at roughly €62.58 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €83m more than they bought in the last 12 months. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.90 per share at 4.0% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 05 October 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.3%). Recent Insider Transactions • Aug 13
Independent Director recently sold €4.4m worth of stock On the 10th of August, Steve Laut sold around 78k shares on-market at roughly €55.77 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €51m more than they bought in the last 12 months. Announcement • Aug 05
Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on October 5, 2023 Canadian Natural Resources Limited announced that its Board of Directors has declared a quarterly cash dividend on its common shares of CAD 0.90 (ninety cents) per common share. The dividend will be payable on October 5, 2023 to shareholders of record at the close of business on September 15, 2023. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: CA$1.34 (vs CA$3.04 in 2Q 2022) Second quarter 2023 results: EPS: CA$1.34 (down from CA$3.04 in 2Q 2022). Revenue: CA$7.89b (down 31% from 2Q 2022). Net income: CA$1.46b (down 58% from 2Q 2022). Profit margin: 19% (down from 31% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.6% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Announcement • Jul 14
Canadian Natural Resources Limited to Report Q2, 2023 Results on Aug 03, 2023 Canadian Natural Resources Limited announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023 Upcoming Dividend • Jun 08
Upcoming dividend of CA$0.90 per share at 4.8% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 05 July 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.3%). Recent Insider Transactions • Jun 05
Independent Director recently sold €771k worth of stock On the 31st of May, Steve Laut sold around 15k shares on-market at roughly €51.38 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €3.3m. Insiders have been net sellers, collectively disposing of €46m more than they bought in the last 12 months. Recent Insider Transactions • May 29
Independent Director recently sold €3.1m worth of stock On the 25th of May, Steve Laut sold around 60k shares on-market at roughly €51.61 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €3.3m. Insiders have been net sellers, collectively disposing of €45m more than they bought in the last 12 months. Announcement • May 06
Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on July 5, 2023 Canadian Natural Resources Limited announced that its Board of Directors has declared a quarterly cash dividend on its common shares of CAD 0.90 (ninety cents) per common share. The dividend will be payable on July 5, 2023 to shareholders of record at the close of business on June 16, 2023. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: CA$1.63 (vs CA$2.66 in 1Q 2022) First quarter 2023 results: EPS: CA$1.63 (down from CA$2.66 in 1Q 2022). Revenue: CA$8.63b (down 19% from 1Q 2022). Net income: CA$1.80b (down 42% from 1Q 2022). Profit margin: 21% (down from 29% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 09
Director recently sold €804k worth of stock On the 5th of April, Steve Laut sold around 15k shares on-market at roughly €53.63 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €11m. Insiders have been net sellers, collectively disposing of €54m more than they bought in the last 12 months. Recent Insider Transactions • Apr 02
Director recently sold €83k worth of stock On the 29th of March, Steve Laut sold around 2k shares on-market at roughly €50.31 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €11m. Insiders have been net sellers, collectively disposing of €54m more than they bought in the last 12 months. Recent Insider Transactions • Mar 09
Director recently sold €349k worth of stock On the 6th of March, Steve Laut sold around 6k shares on-market at roughly €55.59 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €11m. Insiders have been net sellers, collectively disposing of €50m more than they bought in the last 12 months. Upcoming Dividend • Mar 09
Upcoming dividend of CA$0.90 per share at 4.5% yield Eligible shareholders must have bought the stock before 16 March 2023. Payment date: 05 April 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.4%). Reported Earnings • Mar 06
Full year 2022 earnings released: EPS: CA$9.64 (vs CA$6.49 in FY 2021) Full year 2022 results: EPS: CA$9.64 (up from CA$6.49 in FY 2021). Revenue: CA$42.3b (up 41% from FY 2021). Net income: CA$10.9b (up 43% from FY 2021). Profit margin: 26% (in line with FY 2021). Gas sales price Average sales price/mcf: US$6.55 Combined production Oil equivalent production: 389.814 MMboe (406.536 MMboe in FY 2021) Revenue is expected to decline by 4.6% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.7%. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • Feb 01
Canadian Natural Resources Limited to Report Q4, 2022 Results on Mar 02, 2023 Canadian Natural Resources Limited announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Mar 02, 2023 Buying Opportunity • Feb 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.0%. The fair value is estimated to be €69.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 62%. Revenue is forecast to decline by 16% in 2 years. Earnings is forecast to decline by 27% in the next 2 years. Recent Insider Transactions • Jan 25
VP of Legal recently sold €168k worth of stock On the 23rd of January, Paul Mendes sold around 3k shares on-market at roughly €55.89 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €5.6m. Insiders have been net sellers, collectively disposing of €43m more than they bought in the last 12 months. Recent Insider Transactions • Jan 18
Director recently sold €771k worth of stock On the 11th of January, Steve Laut sold around 15k shares on-market at roughly €51.42 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €5.6m. Insiders have been net sellers, collectively disposing of €44m more than they bought in the last 12 months. Recent Insider Transactions • Dec 26
Director recently sold €70k worth of stock On the 20th of December, Steve Laut sold around 1k shares on-market at roughly €50.61 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €11m. Insiders have been net sellers, collectively disposing of €45m more than they bought in the last 12 months. Upcoming Dividend • Dec 08
Upcoming dividend of CA$0.85 per share Eligible shareholders must have bought the stock before 15 December 2022. Payment date: 05 January 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.0%). Recent Insider Transactions • Dec 01
Insider recently sold €98k worth of stock On the 29th of November, Dean Halewich sold around 2k shares on-market at roughly €57.50 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €11m. Insiders have been net sellers, collectively disposing of €46m more than they bought in the last 12 months. Recent Insider Transactions • Nov 20
Director recently sold €222k worth of stock On the 15th of November, Steve Laut sold around 4k shares on-market at roughly €60.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €11m. Insiders have been net sellers, collectively disposing of €46m more than they bought in the last 12 months. Recent Insider Transactions • Nov 17
Director recently sold €5.6m worth of stock On the 9th of November, Steve Laut sold around 95k shares on-market at roughly €58.95 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €11m. Insiders have been net sellers, collectively disposing of €45m more than they bought in the last 12 months. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 9 highly experienced directors. Independent Director Margaret Cannon was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 05
Canadian Natural Resources Limited Approves 13% Increase in Quarterly Dividend, Payable on January 5, 2023 Canadian Natural Resources Limited announces that its Board of Directors has approved a 13% increase to its quarterly dividend on its common shares to CAD 0.85 per common share. The dividend will be payable on January 5, 2023 to shareholders of record at the close of business on December 16, 2022. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: CA$2.52 (vs CA$1.87 in 3Q 2021) Third quarter 2022 results: EPS: CA$2.52 (up from CA$1.87 in 3Q 2021). Revenue: CA$10.5b (up 36% from 3Q 2021). Net income: CA$2.81b (up 28% from 3Q 2021). Profit margin: 27% (down from 29% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 10% p.a. on average during the next 3 years compared to a 4.4% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 13
Insider recently sold €260k worth of stock On the 4th of October, Dean Halewich sold around 5k shares on-market at roughly €52.00 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.2m. Insiders have been net sellers, collectively disposing of €31m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improved over the past week After last week's 18% share price gain to €55.59, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 193% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €100 per share. Announcement • Sep 29
Canadian Natural Resources Limited to Report Q3, 2022 Results on Nov 03, 2022 Canadian Natural Resources Limited announced that they will report Q3, 2022 results Pre-Market on Nov 03, 2022 Recent Insider Transactions • Sep 20
Director recently sold €842k worth of stock On the 14th of September, Steve Laut sold around 15k shares on-market at roughly €56.17 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €4.2m. Insiders have been net sellers, collectively disposing of €33m more than they bought in the last 12 months. Upcoming Dividend • Sep 08
Upcoming dividend of CA$0.75 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 05 October 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%). Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Independent Director Margaret Cannon was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: CA$3.04 (vs CA$1.31 in 2Q 2021) Second quarter 2022 results: EPS: CA$3.04 (up from CA$1.31 in 2Q 2021). Revenue: CA$11.5b (up 76% from 2Q 2021). Net income: CA$3.50b (up 126% from 2Q 2021). Profit margin: 31% (up from 24% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 3.2% compared to a 32% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 08
Director recently sold €161k worth of stock On the 5th of July, Steve Laut sold around 3k shares on-market at roughly €49.99 per share. In the last 3 months, there was an even bigger sale from another insider worth €7.5m. Insiders have been net sellers, collectively disposing of €31m more than they bought in the last 12 months. Announcement • Jul 02
Canadian Natural Resources Limited to Report Q2, 2022 Results on Aug 04, 2022 Canadian Natural Resources Limited announced that they will report Q2, 2022 results Pre-Market on Aug 04, 2022 Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €52.91, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 157% over the past three years. Upcoming Dividend • Jun 09
Upcoming dividend of CA$0.75 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.2%). Higher than average of industry peers (1.3%). Recent Insider Transactions • May 29
Executive Chairman recently sold €7.5m worth of stock On the 26th of May, Norman Edwards sold around 122k shares on-market at roughly €61.42 per share. This was the largest sale by an insider in the last 3 months. This was Norman's only on-market trade for the last 12 months. Recent Insider Transactions • May 15
Director recently sold €3.4m worth of stock On the 11th of May, Steve Laut sold around 60k shares on-market at roughly €56.98 per share. In the last 3 months, they made an even bigger sale worth €4.0m. Insiders have been net sellers, collectively disposing of €25m more than they bought in the last 12 months. Announcement • May 08
Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on July 5, 2022 Canadian Natural Resources Limited announces that its Board of Directors has declared a quarterly cash dividend on its common shares of CAD 0.75 (seventy five cents) per common share. The dividend will be payable on July 5, 2022 to shareholders of record at the close of business on June 17, 2022. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: CA$2.66 (vs CA$1.16 in 1Q 2021) First quarter 2022 results: EPS: CA$2.66 (up from CA$1.16 in 1Q 2021). Revenue: CA$10.7b (up 62% from 1Q 2021). Net income: CA$3.10b (up 125% from 1Q 2021). Profit margin: 29% (up from 21% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 51% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 36% per year. Announcement • May 06
Canadian Natural Resources Limited (TSX:CNQ) acquired Remaining 50% working interest in the Pike lands. Canadian Natural Resources Limited (TSX:CNQ) acquired Remaining 50% working interest in the Pike lands in first quarters of 2022.
Canadian Natural Resources Limited (TSX:CNQ) completed the acquisition of Remaining 50% working interest in the Pike lands in first quarters of 2022. Recent Insider Transactions • Apr 10
Insider recently sold €203k worth of stock On the 7th of April, Pamela McIntyre sold around 4k shares on-market at roughly €57.55 per share. In the last 3 months, there was an even bigger sale from another insider worth €4.0m. Insiders have been net sellers, collectively disposing of €23m more than they bought in the last 12 months. Recent Insider Transactions • Mar 12
Director recently sold €4.0m worth of stock On the 9th of March, Steve Laut sold around 76k shares on-market at roughly €52.61 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €23m more than they bought in the last 12 months. Upcoming Dividend • Mar 10
Upcoming dividend of CA$0.75 per share Eligible shareholders must have bought the stock before 17 March 2022. Payment date: 05 April 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of German dividend payers (3.5%). Lower than average of industry peers (4.6%). Announcement • Mar 06
Canadian Natural Resources Limited Declares Quarterly Cash Dividend on Common Shares, Payable on April 5, 2022 Canadian Natural Resources Limited announced that its Board of Directors has declared a quarterly cash dividend on its common shares of CAD 0.75 per common share. The dividend will be payable on April 5, 2022 to shareholders of record at the close of business on March 18, 2022. Reported Earnings • Mar 05
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CA$6.49 (up from CA$0.37 loss in FY 2020). Revenue: CA$30.1b (up 78% from FY 2020). Net income: CA$7.66b (up CA$8.10b from FY 2020). Profit margin: 26% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 68% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 19
Canadian Natural Resources Limited, Annual General Meeting, May 05, 2022 Canadian Natural Resources Limited, Annual General Meeting, May 05, 2022. Announcement • Jan 12
Canadian Natural Resources Limited Provides Production Guidance for the Year 2021 Canadian Natural Resources Limited provided production guidance for the year 2021. For the period, the company forecasts production levels of 245,000 bbl/d of conventional e&p crude oil & ngls bbl/d, 1,693,000 mcf/d of natural gas, 708,000 bbl/d of thermal and oil sands mining & upgrading; 953,000 bbl/d of total liquids, before royalties. Recent Insider Transactions • Jan 09
Insider recently sold €69k worth of stock On the 5th of January, Betty Yee sold around 2k shares on-market at roughly €38.57 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.2m. Insiders have been net sellers, collectively disposing of €19m more than they bought in the last 12 months. 
