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Canadian Natural Resources Limited
Type Public
Founded Canada Calgary, Alberta (1973)
Headquarters Canada Calgary, Alberta
Key people Steve Laut, President & COO
Allan Markin, Chairman of the Board
Industry Oil and Gas
Products Petrochemical products
Revenue $16.173 billion before royalties CAN (2008)
Employees 3,800 (2009)
Website CNRL.com

Canadian Natural Resources Limited (TSXCNQ NYSECNQ) is an oil and natural gas exploration, development and production company centered in Calgary, Alberta. Operations are focused in Western Canada, the North Sea and offshore West Africa. It ranks number 279 on the Forbes Global 2000 list (2008 edition).

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Operations

Corporate Headquarters resides in Calgary, Alberta. It operates field offices in Alberta, British Columbia, Saskatchewan as well as international offices in Gabon, Côte d'Ivoire and Aberdeen, Scotland.

CNR is currently completing an Oilsands upgrading plant north of Fort McMurray, Alberta, named the Horizon project.

History

In 1989, Canadian Natural was an oil and natural gas company operating only in Alberta which employed 9 people, produced about 1,400 barrels of oil equivalent per day and had a market capitalization of about $1 million. Through growth and opportunistic acquisitions, it has grown to approximately 3,700 employees, production of over 565,000 barrels of oil equivalent per day and an enterprise value of approximately $30 billion.

Trading

Canadian Natural's common shares are listed on the New York stock exchange under the symbol CNQ and under the Toronto stock exchange as CNQ and CNQ.U which denotes trading in US funds.

Corporate governance

CNRL is a limited liability, publicly traded corporation. Current members of the board of directors are: Catherine M. Best, N. Murray Edwards, Honourable Gary A. Filmon, Ambassador Gordon D. Giffin, John G. Langille, Steve W. Laut, Keith A.J. MacPhail, Allan P. Markin, Honourable Frank J. McKenna, James S. Palmer, Eldon R. Smith and David A. Tuer.

References

External links

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