(Morningstar DBPS, 8.Oct.2024) — DBRS, Inc. (Morningstar DBRS) placed all credit ratings of Canadian Natural Resources Limited (CNRL or the Company) Under Review with Negative Implications. On 7 Oct. 2024, CNRL announced that it had entered into an agreement with Chevron Canada Limited (Chevron), an indirect subsidiary of Chevron Corporation […]
Tag: CNRL
Chevron Reveals $6.5bn Sale of Interests in Canada to CNRL
HOUSTON, TEXAS (Energy Analytics Institute, 7.Oct.2024) — Chevron Canada Limited, an indirect subsidiary of Chevron Corporation, and a related entity entered into a definitive agreement to sell their 20% percent non-operated interest in the Athabasca Oil Sands Project, 70% operated interest in the Duvernay shale, and related interests, all located […]
CNRL to Acquire Chevron’s Alberta Assets for $6.5bn
(CNRL, 7.Oct.2024) — Canadian Natural Resources Limited (CNRL) entered into an agreement to acquire, subject to regulatory approvals, from Chevron Canada Limited its 20% interest in the Athabasca Oil Sands Project (AOSP), which includes 20% of the Muskeg River and Jackpine mines, the Scotford Upgrader and the Quest Carbon Capture […]
CNRL Increases Quarterly Dividend
(Energy Analytics Institute, 7.Oct.2024) — The Board of Directors of Canadian Natural Resources Limited (CNRL) agreed to increase the quarterly cash dividend by 7% to $0.5625 per common share, up compared to the previous quarterly cash dividend of $0.525 per common share, CNRL said 7 Oct. 2024 in an official […]
Chevron Closer to Canadian Divestment Target with $6.5bn Asset Sale to CNRL
(WoodMac, 7.Oct.2024) — Addressing Chevron’s announcement to sell Canadian assets to Canadian Natural Resources (CNRL) for US$6.5bn Mark Oberstoetter, Wood Mackenzie Upstream Research Director in Calgary, said “Chevron has shown commitment to its divestment target with two sale announcements in two weeks. Offloading Alaska assets to ConocoPhillips (COP) last week […]
CNRL’s June 2024 Explanatory Statement
(Energy Analytics Institute, 30.Jun.2024) — Canada’s federal government has passed omnibus Bill C-59, which includes amendments to the Competition Act, resulting in changes to the law around environmental communications, Canadian Natural Resources Limited (CNRL) announced 30 Jun. 2024 in a statement on its website. “There is uncertainty on how this […]