Canadian Natural Resources

Canadian Natural Resources Ltd. is an oil and natural gas production company, which engages in the exploration, development, marketing, and production of crude oil and natural gas. It operates through the following segments: Oil Sands Mining & Upgrading, Midstream & Refining, and Exploration & Production. The Oil Sands Mining & Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations. The Midstream & Refining segment focuses on maintaining pipeline operations and investment. The Exploration & Production segment consists of operations in North America, largely in Western Canada, the United Kingdom portion of the North Sea, and Côte d’Ivoire and South Africa in Africa. The company was founded on November 7, 1973 and is headquartered in Calgary, Canada.

Earnings data Q1 2021

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Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise focusing on companies like CNQ, OVV and BTE.

Drilling Deep Into the Canadian Upstream Industry: What to Expect?

CNQ expects total annual production for 2024 to be in the range of 1,330,000-1,380,000 Boe/d, with natural gas production between 2,120 MMcf/d and 2,230 MMcf/d.

Canadian Beats on Q3 Earnings & Revenues, Increases Dividend

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With oil near its one-year low and natural gas near its five-year low, oil and gas producers are on sale; with offering yields over 4%. Thirty-nine energy producers were evaluated by means of a multi-factor relative value matrix and ranked from most to least favorable. Based on this evaluation, EQNR, VRN, MGYOY, PCCYF, and CHRD appear to be the best prospects.

High Yield Oil And Gas Ranked By Relative Quality

Canadian Natural Resources reported another quarter of solid results, with adjusted funds flow of C$3.9 billion. Canadian Natural reported oil sands operating costs of $15.16/bo. With an all-in, dividend-covered breakeven in the low $40s WTI, its dividends remain secure. Increased contracted crude transport capacity, planned organic growth, and recent Chevron acquisitions pave the way for future production growth.

Canadian Natural Resources Q3: Another Solid Quarter

Canadian Natural Resources Limited (NYSE:CNQ ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Lance Casson - IR Scott Stauth - COO, Oil Sands Mark Stainthorpe - CFO Conference Call Participants Dennis Fong - CIBC Neil Mehta - Goldman Sachs Greg Pardy - RBC Capital Markets Manav Gupta - UBS Menno Hulshof - TD Cowen Patrick O'Rourke - ATB Capital Markets Operator Good morning. We would like to welcome everyone to Canadian Natural's 2024 Third Quarter Earnings Conference Call and Webcast.

Canadian Natural Resources Limited (CNQ) Q3 2024 Earnings Call Transcript

Canadian Natural Resources Limited offers standout value with vast, low-cost reserves, efficient oil sands operations, and a 25-year dividend growth streak for shareholders. The Chevron acquisition bolsters CNQ's production, adding high-quality assets and nearly 10% output growth while securing long-term, low-cost oil supply. Though the payout drops to 60%, CNQ's enhanced cash flow makes up for it. Once debt reduces, investors should see 100% free cash flow returns again.

Top Pick Alert: Why I Just Became Even More Bullish On Canadian Natural Resources

Canadian Natural Resources (CNQ) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.97 per share a year ago.

Canadian Natural Resources (CNQ) Q3 Earnings and Revenues Surpass Estimates

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Canadian Natural Resources posted a drop in third-quarter profit on Thursday, as the energy producer took a hit from a decline in production and lower crude prices.

Canadian Natural Resources posts Q3 profit drop on lower crude prices

Calgary, Alberta--(Newsfile Corp. - October 31, 2024) - Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company's third quarter results, "Our unique and diverse asset base provides us with a competitive advantage, as we can allocate capital to the highest return projects without being reliant on any one commodity. Our consistent and top tier results are driven by safe and reliable operations.

Canadian Natural Resources Limited Announces 2024 Third Quarter Results

Canadian Natural Resources (CNQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Canadian Natural Resources (CNQ) Q3 Earnings Expected to Decline

CNQ topped the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other.

Canadian Natural's Q3 Earnings Preview: Things to Consider

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The market is experiencing robust earnings growth, low inflation, and solid GDP figures, leading many to feel bullish despite underlying economic challenges. While valuations are high, investors are banking on an "immaculate soft landing" for growth, making high-quality dividend stocks an attractive choice. I'm gradually shifting my focus to high-yield dividend stocks, anticipating better risk/reward scenarios compared to the S&P 500 in the coming years.

Wakeup Call - It's Time To Buy High-Yield Dividends

Canadian Natural Resources' $6.5 billion acquisition of Chevron's Canadian assets enhances its production capacity and aligns well with existing operations, ensuring long-term growth. The acquisition, funded through cash, avoids dilution and strengthens shareholder returns, with 1.5 billion barrels of reserves and 122.5 thousand barrels/day production. The company boasts a diversified asset portfolio with substantial reserves, targeting significant production growth, supported by a stable $70/barrel WTI assumption.

Canadian Natural Resources Is Growing Its Assets

American energy investors face persistent challenges, with recent price drops influenced by economic fears and geopolitical factors, particularly in the Permian Basin. The Permian has driven significant production growth, but it hasn't translated into strong shareholder value due to hypergrowth and declining reserve quality. Investors need to be selective in the energy sector, as many stocks may struggle. However, the right choices can lead to substantial long-term gains.

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Amid concerns over cyclical fluctuations in the energy sector, dividends are flourishing. We delve into the recent payout increases from LBRT, CNQ and TTE.

3 Energy Companies That Recently Increased Their Dividends

CNQ delivers robust financial performance and shareholder returns, but be cautious of high valuations and sensitivity to commodity price fluctuations.

Canadian Natural's Shares Up 15% Year to Date: Time to Buy or Hold?

Canadian Natural Resources Limited is a top dividend stock with a 25-year track record of increasing dividends, boasting a 21% CAGR. CNQ's strong financials include a levered free cash flow margin of 24.19% and a net income margin of 20.88%, ensuring dividend sustainability. Recent acquisition of Chevron's Alberta assets and a 7% dividend increase highlight CNQ's strategic growth and commitment to shareholder value.

Canadian Natural Resources: A Great Dividend Stock For Income Investors

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In today's volatile market, consistent income from dividend stocks remains a top priority for savvy investors. Choosing high-yield stocks can provide financial stability, making them attractive options for building long-term wealth. In this article, I reveal three exceptional dividend stocks that promise to deliver reliable income, no matter the market conditions.

Why I'd Trade Millions For Consistent Income: 3 High-Yield Picks You'll Love

Canadian Natural Resources Limited remains a top dividend growth pick, announcing another dividend increase and a significant $6.5 billion acquisition of Chevron's Alberta assets. The acquisition boosts CNQ's production by 84,000 barrels per day, enhancing cash flow with minimal risk due to already developed assets. CNQ's dividend yield is around 4.6%, with a 12% increase this year, making it highly attractive for dividend growth investors.

Canadian Natural Resources: Prepare For Even Higher Dividends And Cash Flows

Canadian Natural Resources Limited (CNQ, Financial) has announced its agreement to acquire Chevron Canada's 20% stake in the Athabasca Oil Sands Project situated in Alberta, raising its ownership to 90%. This acquisition based on Oil sand mines and a carbon capture facility, will add 62,500 barrels per day of Synthetic Crude Oil to CNQ's production.

Canadian Natural Resources Expands Alberta Footprint with Chevron Asset Buy, Boosts Dividend 7%

Chevron (CVX, Financial) is selling its stakes in two Canadian shale assets to Canadian Natural Resources (CNQ, Financial) for $6.5 billion in cash. The deal includes a 20% interest in the Athabasca Oil Sands project and a 70% interest in the Duvernay Shale, which together produced 84,000 barrels of oil equivalent per day in 2023.

Chevron Sells Canadian Shale Assets to Canadian Natural Resources for $6.5 Billion

Canadian Natural Resources Limited (TSX:CNQ) is acquiring a 20% interest in the Athabasca Oil Sands Project (AOSP) in Alberta, Canada from Chevron Corporation (NYSE:CVX, ETR:CHV)'s indirect subsidiary Chevron Canada bringing its stake in the project to 90%. Canadian Natural is also acquiring Chevron's 70% operated working interest in Duvernay shale, also located in Alberta.

Canadian Natural Resources acquires Chevron's Alberta assets for $6.5B

The company is expected to divest $10 billion to $15 billion of assets by 2028.

Chevron to Sell Oil Sands to Canadian Natural Resources in $6.5 Billion Deal

The deal is expected to close in the fourth quarter.

Chevron Canada to sell assets to Canadian Natural Resources for $6.5 billion in cash

Chevron said on Monday that it would sell its non-operated interest in the Athabasca Oil Sands Project and its operated interest in Duvernay shale, all located in Alberta, Canada, to Canadian Natural Resources for $6.5 billion.

Chevron to sell interests in Athabasca Oil Sands and Duvernay shale to Canadian Natural Resources for $6.5 billion

News for Canadian Natural Resources Stock (CNQ)