Business Segments Canadian Natural Resources Limited

Equities

Market Closed - Toronto S.E. Other stock markets 04:54:52 2025-12-11 pm EST			5-day change	1st Jan Change
45.62 ^CAD	-1.91%		-5.14%	+2.79%

Dec. 11	Suncor projects higher 2026 oil and gas output, trims budget	RE
Dec. 05	Canadian Natural Resources Prices $1.65 Billion in 3, 5 and 10 Year Medium-Term Notes	MT

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Breakdown by Business Segment (CAD)

Fiscal Period: December	2020	2021	2022	2023	2024
Oil and Gas Production
Exploration and Production - North America	8.26B	15.39B	21.98B	17.32B	17.28B
Total Assets	29.09B	30.64B	31.14B	30.06B	32.67B
CAPEX	-992M	-2.66B	-3.13B	-2.77B	-
D&A	3.78B	3.57B	3.6B	3.68B	3.83B
Operating Income	-1.28B	4.43B	8.05B	3.96B	3.78B
Oil Sands Mining and Upgrading	7.45B	13.02B	17.71B	16.3B	16.33B
Total Assets	41.57B	42.02B	42.1B	42.86B	49.22B
CAPEX	-1.32B	-1.75B	-1.72B	-1.89B	-
D&A	1.78B	1.84B	1.82B	2.01B	2.26B
Operating Income	1.6B	6.21B	9.09B	7.66B	7.1B
Total Assets	81M	40M	54M	32M	31M
Exploration and Production - North Sea	431M	610M	635M	441M	477M
Total Assets	1.62B	1.56B	378M	602M	702M
CAPEX	-122M	-173M	-126M	-33M	-
D&A	277M	160M	1.75B	494M	279M
Operating Income	-212M	39M	-1.59B	-448M	-317M
Exploration and Production - Offshore Africa	362M	437M	686M	580M	456M
Total Assets	1.41B	1.33B	1.32B	1.38B	1.41B
CAPEX	-99M	-62M	-124M	-172M	-
D&A	190M	142M	173M	213M	297M
Operating Income	62M	197M	391M	217M	40M
Oil and Gas Pipelines
Midstream and Refining	285M	759M	986M	1B	895M
Total Assets	1.3B	886M	979M	856M	1.1B
CAPEX	-5M	-9M	-9M	-10M	-
D&A	15M	15M	16M	16M	16M
Operating Income	-95M	360M	8M	-10M	-121M
Inter-Segment Elimination and Other	105M	-161M	295M	328M	216M
Operating Income	30M	3M	6M	10M	12M
Total Assets	202M	185M	172M	162M	224M
CAPEX	-19M	-23M	-25M	-30M	-
Operating Income	82M	-514M	-804M	-491M	-279M
Operating Income	-391M	-366M	-415M	-452M	-503M

Geographical breakdown of sales (CAD)

Fiscal Period: December	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024