Canadian Natural Resources Ltd. CNQ

What this company does

Canadian Natural acquires, explores for, develops, produces, markets and sells crude oil, natural gas and NGLs. Its principal core regions of operations are western Canada, the UK sector of the North Sea and Offshore Africa. It had 10,750 full time equivalent permanent employees as of December 31, 2025. Synthetic crude oil from the oil sands mining and upgrading operations in northern Alberta accounted for 36% of 2025 annual production, and natural gas, produced mainly in Alberta, British Columbia and Saskatchewan, for 27%. Thermal bitumen accounted for 17% of that year's production, light and medium crude oil and NGLs for 11%, primary heavy crude oil for 6% and Pelican Lake heavy crude oil for 3%. Midstream assets, primarily two operated pipeline systems, ECHO and Pelican Lake, take in a 50% working interest in an 84 megawatt cogeneration plant at Primrose and a 50% equity interest in the North West Redwater Partnership.

Written from the business description in CANADIAN NATURAL RESOURCES LIMITED's annual report to the U.S. Securities and Exchange Commission, filed 26 March 2026. Every sentence was checked against that document before publication.