Canadian Natural reports Q1 2026 earnings of $2.4B, boosts dividends for 26th year amid strong production growth.

Canadian Natural Resources Limited posted adjusted net earnings of $2.4 billion in Q1 2026, driven by record production levels and efficient operations. The company achieved a 4% year-over-year production increase, with strong output in Oil Sands Mining, Upgrading, and North American conventional oil and gas. It returned $1.5 billion to shareholders through dividends and share repurchases, raising its annual dividend to $2.50 per share for the 26th consecutive year. Canadian Natural continues to focus on capital efficiency and growth projects while targeting further debt reduction and increased shareholder returns.