Canadian Natural Resources Limited is an oil

Petroleum

Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...

 and natural gas

Natural gas

Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...

 exploration, development and production company centered in Calgary, Alberta. Operations are focused in western Canada

Western Canada

Western Canada, also referred to as the Western provinces and commonly as the West, is a region of Canada that includes the four provinces west of the province of Ontario.- Provinces :...

, the North Sea

North Sea

In the southwest, beyond the Straits of Dover, the North Sea becomes the English Channel connecting to the Atlantic Ocean. In the east, it connects to the Baltic Sea via the Skagerrak and Kattegat, narrow straits that separate Denmark from Norway and Sweden respectively...

 and offshore West Africa

West Africa

West Africa or Western Africa is the westernmost region of the African continent. Geopolitically, the UN definition of Western Africa includes the following 16 countries and an area of approximately 5 million square km:-Flags of West Africa:...

. It ranks number 251 on the Forbes Global 2000

Forbes Global 2000

The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world by Forbes magazine. The ranking is based on a mix of four metrics: sales, profit, assets and market value...

 list for 2009.

Operations

Corporate Headquarters resides in Calgary, Alberta. It operates field offices in Alberta

Alberta

Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...

, British Columbia

British Columbia

British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...

, Saskatchewan

Saskatchewan

Saskatchewan is a prairie province in Canada, which has an area of . Saskatchewan is bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, and on the south by the U.S. states of Montana and North Dakota....

 as well as international offices in Gabon

Gabon

Gabon , officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west...

, Côte d'Ivoire

Côte d'Ivoire

The Republic of Côte d'Ivoire or Ivory Coast is a country in West Africa. It has an area of , and borders the countries Liberia, Guinea, Mali, Burkina Faso and Ghana; its southern boundary is along the Gulf of Guinea. The country's population was 15,366,672 in 1998 and was estimated to be...

 and Aberdeen, Scotland.

CNRL recently just repaired an Oilsands upgrading plant north of Fort McMurray, Alberta, named the Horizon project. It is now back in operation.

History

In 1989, Canadian Natural was an oil and natural gas company operating only in Alberta which employed 9 people, produced about 1400 barrels (222.6 m³) of oil equivalent per day and had a market capitalization of about $1 million. Through growth and acquisitions, it has grown to approximately 3,700 employees, production of over 565000 barrels (89,827.8 m³) of oil equivalent per day and an enterprise value

Enterprise value

Enterprise value , Total enterprise value , or Firm value is an economic measure reflecting the market value of a whole business. It is a sum of claims of all the security-holders: debtholders, preferred shareholders, minority shareholders, common equity holders, and others...

 of approximately $30 billion.

Trading

Canadian Natural's common shares are listed on the New York stock exchange under the symbol CNQ and under the Toronto stock exchange as CNQ and CNQ.U which denotes trading in US funds.

Corporate governance

CNRL is a limited liability, publicly traded corporation. Current members of the board of directors

Board of directors

A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...

 are: Catherine M. Best, N. Murray Edwards

N. Murray Edwards

N. Murray Edwards is a Canadian businessmen and a co-owner of the Calgary Flames hockey team. With an estimated net worth of $US 2.2 billion , Edwards was ranked by Forbes as the 14th wealthiest Canadian and 540th in the world.- Background :Edwards studied at the University of Saskatchewan,...

, Honourable Gary A. Filmon, Ambassador Gordon D. Giffin, John G. Langille, Steve W. Laut, Keith A.J. MacPhail, Allan P. Markin, Honourable Frank J. McKenna

Frank McKenna

Francis Joseph "Frank" McKenna, PC, OC, ONB, QC is a Canadian businessman and former politician and diplomat. He is currently Deputy Chairman of the Toronto-Dominion Bank. He served as Canadian Ambassador to the United States from 2005 to 2006...

, James S. Palmer, Eldon R. Smith and David A. Tuer.

External links

• Canadian Natural Resources Limited Homepage