Canadian Natural Resources Limited Announces Normal Course Issuer Bid

Canadian Natural Resources Limited announced on March 10, 2026, its intention to make a Normal Course Issuer Bid (NCIB) through the facilities of the Toronto Stock Exchange (TSX) and potentially the New York Stock Exchange. The company plans to purchase up to 182,396,564 shares, representing 10% of its public float as of February 27, 2026, over a 12-month period starting March 13, 2026. Purchases on the TSX will be limited to 4,071,234 shares per trading day. The company also detailed its free cash flow allocation policy, prioritizing shareholder returns through share repurchases once net debt targets are met. An Automatic Share Purchase Plan (ASPP) is expected to be implemented on March 13, 2026, to facilitate repurchases during blackout periods. Canadian Natural is a senior crude oil and natural gas production company with operations in Western Canada, the North Sea, and Offshore Africa.