Earnings ·
Canadian Natural Resources Limited reported record second quarter 2026 results, with adjusted net earnings reaching…
CNQCANADIAN NATURAL RESOURCES Ltd
Canadian Natural Resources Limited reported record second quarter 2026 results, with adjusted net earnings reaching $4.6 billion ($2.20 per share) and adjusted funds flow totaling $6.9 billion ($3.30 per share). Total production averaged approximately 1,677,000 BOE/d, an 18% year-over-year increase, driven by record Oil Sands Mining and Upgrading output of 625,000 bbl/d and strong conventional E&P performance. The company increased its 2026 annual production guidance to a range of 1,637–1,682 MBOE/d following a $761 million strategic acquisition in the Peace River area. Shareholder returns totaled approximately $4.0 billion for the quarter, including $1.3 billion in dividends and $1.1 billion in share repurchases. The Board declared a quarterly cash dividend of $0.625 per common share, payable October 2, 2026 to shareholders of record on September 11, 2026. Canadian Natural Resources Limited is an integrated energy company engaged in the exploration, development, and production of crude oil, natural gas, and synthetic crude oil.