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

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

North America Net PP&E Expenditures

North America Net PP&E Expenditures % Chg.

North America Net PP&E Expenditures Common Size

North Sea Net PP&E Expenditures

North Sea Net PP&E Expenditures % Chg.

North Sea Net PP&E Expenditures Common Size

Offshore Africa Net PP&E Expenditures

Offshore Africa Net PP&E Expenditures % Chg.

Offshore Africa Net PP&E Expenditures Common Size

Other Capital Expenditures

Other Capital Expenditures % Chg.

Other Capital Expenditures Common Size

Total Capital Expenditures

Total Capital Expenditures Common Size

Total Capital Expenditures % Chg.

Capital Expenditures

North America Segment Earnings

North America Segment Earnings % Chg.

North America Segment Earnings Common Size

North Sea Segment Earnings

North Sea Segment Earnings % Chg.

North Sea Segment Earnings Common Size

Offshore Africa Segment Earnings

Offshore Africa Segment Earnings % Chg.

Offshore Africa Segment Earnings Common Size

Oil Sands Mining & Upgrading Segment Earnings

Oil Sands Mining & Upgrading Segment Earnings % Chg.

Oil Sands Mining & Upgrading Segment Earnings Common Size

Midstream & Refining Segment Earnings

Midstream & Refining Segment Earnings % Chg.

Midstream & Refining Segment Earnings Common Size

Other EBIT

Other EBIT % Chg.

Other EBIT Common Size

Total EBIT

Total EBIT Common Size

Total EBIT % Chg.

Total Oil-Equivalent Production (BOED)

Total Oil-Equivalent Production (BOED) % Chg.

Key Performance Indicators

North America Revenue

North America Revenue % Chg.

North America Revenue Common Size

North Sea Revenue

North Sea Revenue % Chg.

North Sea Revenue Common Size

Offshore Africa Revenue

Offshore Africa Revenue % Chg.

Offshore Africa Revenue Common Size

Oil Sands Mining & Upgrading Revenue

Oil Sands Mining & Upgrading Revenue % Chg.

Oil Sands Mining & Upgrading Revenue Common Size

Midstream & Refining Revenue

Midstream & Refining Revenue % Chg.

Midstream & Refining Revenue Common Size

Other Revenue

Other Revenue % Chg.

Other Revenue Common Size

Total Revenue

Total Revenue Common Size

Total Revenue % Chg.

Revenue	Sep '25	Jun '25
North America Revenue	4,410	4,679
North Sea Revenue	29	59
Offshore Africa Revenue	29	11
Oil Sands Mining & Upgrading Revenue	4,467	3,582
Midstream & Refining Revenue	130	159
Other Revenue	451	208
Total Revenue	9,516	8,698

EBIT	Sep '25	Jun '25
North America Segment Earnings	699	1,154
North Sea Segment Earnings	-1,334	-107
Offshore Africa Segment Earnings	-9	-12
Oil Sands Mining & Upgrading Segment Earnings	1,818	1,309
Midstream & Refining Segment Earnings	-37	-47
Other EBIT	-53	-237
Total EBIT	1,084	2,060

Capital Expenditures	Sep '25	Jun '25
North America Net PP&E Expenditures	1,543	1,060
North Sea Net PP&E Expenditures	5	8
Offshore Africa Net PP&E Expenditures	90	91
Other Capital Expenditures	423	705
Total Capital Expenditures	2,061	1,864