Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.

Canadian Natural Resources Limited (CNRL) is an oil and gas exploration and production company headquartered in Calgary, Alberta. It was founded in 1973 as Canadian Javelin Ltd., and changed its name to Canadian Natural Resources in 1981. It has since grown to become one of the largest oil and gas producers in Canada, with operations in the United States, Europe, Africa, and the North Sea. In the 1980s, CNRL developed the biggest oil sand deposits in Alberta, and by 1989, it was the first company to successfully construct a SAG-D (Steam-Assisted Gravity Drainage) project. Throughout the 1990s, CNRL acquired multiple oil and gas exploration and production companies, including Northstar Energy and Spectrum Resources, which helped expand its portfolio significantly. CNRL began drilling offshore oil and gas wells in the North Sea in 2000, and by 2004, it was producing approximately 41,000 barrels of oil equivalent per day. The company continues to develop and acquire oil and gas assets around the world, most recently acquiring Shell and Marathon Oil’s assets in Canada’s oilsands. In 2019, CNRL was the third-largest gas producer in Canada and the fifth-largest oil producer in the United States.

Canadian Natural is committed to becoming and remaining a leading energy producer by delivering superior corporate returns, providing secure and reliable energy supplies, and improving the quality of life of its stakeholders.

“CNRL's vision is to be the company of choice by providing superior returns to its shareholders, excellent service to its customers and a safe to work, innovative and team-focused working environment for its employees.”