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| Type | Public |
|---|---|
| Founded |  Calgary, Alberta (1973) |
| Headquarters | Calgary, Alberta |
| Key people | Steve Laut, President & COO Allan Markin, Chairman of the Board |
| Industry | Oil and Gas |
| Products | Petrochemical products |
| Revenue | $16.173 billion before royalties CAN (2008) |
| Employees | 3,800 (2009) |
| Website | CNRL.com |
Canadian Natural Resources Limited (TSX: CNQ NYSE: CNQ) is a senior oil and natural gas exploration, development and production company based in Calgary, Alberta. Operations are focused in Western Canada, the North Sea and offshore West Africa. Currently the Company has built the Horizon Oilsands Plant north of Fort McMurray, Alberta. It ranks number 279 on the Forbes Global 2000 list (2008 edition).
Besides the Calgary, Alberta headquarters, Canadian Natural has field offices throughout Western Canada in Alberta, British Columbia,Saskatchewan as well as international offices in Gabon, Côte d'Ivoire and Aberdeen, Scotland.
Canadian Natural's profitable growth has been based on the fundamental principles of effective cost control, proactive balance sheet management and a defined operating strategy. The strategy follows a balanced approach to exploration and acquisitions, combined with an emphasis on cost-effective exploitation. In addition, their core area focus enables them to better understand their production areas and product limitations. Adhering to this strategy has resulted in Canadian Natural building a strong asset base capable of balanced production of natural gas, heavy oil and light oil.
History - In 1989, Canadian Natural was an oil and natural gas company operating only in Alberta which employed 9 people, produced about 1,400 barrels of oil equivalent per day and had a market capitalization of about $1 million. By adhering to defined growth principles and through opportunistic acquisitions they have grown to approximately 3,700 employees, production of over 565,000 barrels of oil equivalent per day and an enterprise value of approximately $30 billion.
Canadian Natural's Directors, Officers and employees think like shareholders because the majority are shareholders; either through granted stock options or participation in Canadian Natural's employee stock savings plan or both.
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.
A listing of employment opportunities with Canadian Natural can be found on their website at http://careerscorp.cnrl.com
Corporate governance
Current members of the board of directors of Canadian Natural Resources Ltd. are: Catherine M. Best, N. Murray Edwards, 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, James S. Palmer, Eldon R. Smith and David A. Tuer.
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This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
