Canadian Natural Resources Limited (CNQ:CA) Q1 2026 Earnings Call Transcript

Operator

Good morning. We would like to welcome everyone to Canadian Natural’s 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 a.m. Mountain Time. I would now like to turn the meeting over to your host for today’s call, Lance Casson, Manager of Investor Relations. Please go ahead.

Lance Casson
Manager of Investor Relations

Good morning, everyone, and thank you for joining Canadian Natural’s 2026 First Quarter Results Conference Call.

Before we begin, I’d like to remind you 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. Also, I suggest you review the advisory section in our financial statements that include comments on non-GAAP disclosures.

Speaking on today’s call will be Scott Stauth, our President; and Victor Darel, our Chief Financial Officer. Additionally in the room with us this morning is Robin Zabek, COO of E&P; and Jay Froc, COO of Oil Sands. Scott will first run through our operational highlights that once again includes production records in the quarter. Victor will then summarize our strong financial results and our significant returns to shareholders year-to-date that includes an