Dividend increase #18 of 2022 : Canadian Natural Resources

Calgary, Alberta--(Newsfile Corp. - March 3, 2022) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.75 (seventy five cents) per common share. The dividend will be payable on April 5, 2022 to shareholders of record at the close of business on March 18, 2022.

The quarterly dividend increase of 28% demonstrates the confidence that the Board of Directors has in the sustainability of our business model, the strength of our balance sheet and the Company’s long life low decline asset base. This represents the continuation of the Company’s leading track record of 22 consecutive years of dividend increases, with a compound annual growth rate of 22% over that period of time.