Canadian Natural Resources Ltd. Reports Strong Q1 Performance

Calgary, Alberta — Canadian Natural Resources Ltd. (CNRL), a leading energy company based in Canada, has announced its first-quarter results for 2025, showcasing robust production and financial performance. The company, which specializes in the acquisition, exploration, development, and production of natural gas, crude oil, and related products, reported record production levels and strong earnings that exceeded market expectations.

Record Production and Financial Results

In the first quarter of 2025, CNRL achieved record production across all segments, with total production reaching 1,582,348 barrels of oil equivalent per day (BOE/d). This includes 1,173,804 barrels of oil per day (bbl/d) in liquids and 2,451 million cubic feet per day (MMcf/d) in natural gas. These figures represent a significant milestone for the company, underscoring its position as an industry-leading producer.

Financially, CNRL reported net earnings of $2.5 billion for the quarter, surpassing analysts’ expectations. The company’s adjusted earnings were even more impressive, totaling $4.5 billion. This strong financial performance is a testament to CNRL’s effective and efficient production strategies, as highlighted by Scott Stauth, President of Canadian Natural Resources.

Dividend Announcement

In addition to its production and financial achievements, CNRL’s Board of Directors declared a quarterly cash dividend of C$0.5875 per common share. This announcement reflects the company’s commitment to returning value to its shareholders and maintaining a strong dividend policy.

Resilience in Volatile Oil Markets

Despite the volatility in oil prices, with West Texas Intermediate crude hovering around the US$60-per-barrel mark, CNRL has demonstrated resilience. The company stated that it can break even at a crude price of US$40 per barrel, indicating its ability to withstand lower oil prices while maintaining profitability.

Market Position and Outlook

As of May 5, 2025, CNRL’s close price was CAD 39.28, with a market capitalization of CAD 83.91 billion. The company’s price-to-earnings ratio stood at 14.04, reflecting investor confidence in its growth prospects. With a long track record of industry leadership, CNRL continues to focus on efficient production and strategic growth initiatives.

For more information about Canadian Natural Resources Ltd. and its activities, visit their website at www.cnrl.com . The company is listed on the Toronto Stock Exchange and has been a public entity since its IPO on May 17, 1976.