Canadian Natural Resources Limited is a prominent independent oil and natural gas exploration and production company based in Canada
The company is engaged in the acquisition, exploration, development, and production of crude oil and natural gas resources, with a diverse portfolio that includes both conventional and unconventional energy assets. Canadian Natural focuses on sustainable resource development, employing advanced technologies and practices to extract energy efficiently and responsibly. With a commitment to safety and environmental stewardship, the company plays a significant role in the energy sector, contributing to both local economies and global energy supply.
The company’s average quarterly production surged to a record 1.47 million barrels of oil equivalent per day (boe/d) compared with 1.42 million boe/d, a year earlier.
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JP Morgan analyst updates ratings, price targets, and forecasts for major North American oil companies. Brent crude expected to average ~$70/bbl in 2025, with focus on defensive positioning and unique re-rating opportunities.
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Chevron and Canadian Natural Resources reached a $6.5 billion deal for Chevron's stake in oil and gas projects, part of Chevron's plan to divest assets.
