Canadian Natural Resources Ltd (STU:CRC)
€ 34.87 +0.21 (+0.62%) Market Cap: 73.12 Bil Enterprise Value: 82.98 Bil PE Ratio: 10.96 PB Ratio: 2.66 GF Score: 69/100

Q1 2026 Canadian Natural Resources Ltd Earnings Call Transcript

May 07, 2026 / 01:00PM GMT
Release Date Price: €38 (-2.00%)
Operator

Good morning. We would like to welcome everyone to Canadian Naturalâs 2026 first quarter earnings conference call and webcast. (Operator Instructions) Please note that this call is being recorded today, May 7, 2026, at 7:00 AM Mountain Time. I would now like to turn the meeting over to your host for todayâs call, Lance Casson, Manager of Investor Relations. Please go ahead.

Lance Casson
Canadian Natural Resources Ltd - Manager of Investor Relations

Good morning, everyone, and thank you for joining Canadian Naturalâs 2026 first quarter results conference call. Before we begin, Iâd like to remind of our forward-looking statements, and it should be noted that in our reporting disclosures, everything is in Canadian dollars unless otherwise stated, and we report our reserves and production before royalties.

Iâd suggest you review the advisory section in our financial statements that include comments on non-GAAP disclosures. Speaking on todayâs call will be Scott Stauth, our President, and Victor Darel, our Chief Financial Officer. In the room with us this

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