Canadian Natural Resources Limited Reports Voting Results at Annual and Special Meeting

Rhea-AI Summary

Canadian Natural Resources (CNQ) recently held its Annual and Special Meeting of Shareholders, reporting the voting results. Key highlights include the election of directors, appointment of auditors, approval of executive compensation approach, and a vote on a share split. The company operates in Western Canada, the U.K. North Sea, and Offshore Africa.

Positive

• High percentage of votes in favor of directors and auditors election signifies shareholder confidence and stability.

• Approval of executive compensation approach indicates transparency and alignment with shareholder interests.

• Overwhelming support for share split suggests potential for increased liquidity and market interest.

• Diversified operations in key areas demonstrate a robust and resilient business model.

Negative

• A small percentage of votes against certain resolutions may indicate dissent among shareholders.

• Potential risks associated with operating in multiple regions, such as regulatory changes or geopolitical instability.

Calgary, Alberta--(Newsfile Corp. - May 3, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) held its Annual and Special Meeting of Shareholders on May 2, 2024. The result of the vote by shareholders for each resolution is reported below.

The election of the following nominees as directors of the Corporation for the ensuing year or until their successors are elected or appointed.
	Votes For	Votes Withheld
Catherine M. Best	739,666,794 97.19%	21,395,027 2.81%
M. Elizabeth Cannon	755,414,889 99.26%	5,646,932 0.74%
N. Murray Edwards	734,115,206 96.46%	26,946,615 3.54%
Christopher L. Fong	730,264,360 95.95%	30,797,461 4.05%
Ambassador Gordon D. Giffin	681,630,086 89.56%	79,431,703 10.44%
Wilfred A. Gobert	749,993,920 98.55%	11,067,902 1.45%
Christine M. Healy	759,396,832 99.78%	1,664,989 0.22%
Steve W. Laut	752,522,642 98.88%	8,539,180 1.12%
Honourable Frank J. McKenna	713,843,507 93.80%	47,218,314 6.20%
Scott G. Stauth	755,136,229 99.22%	5,925,592 0.78%
David A. Tuer	721,224,440 94.77%	39,837,382 5.23%
Annette M. Verschuren	757,804,674 99.57%	3,257,147 0.43%
	Votes For	Votes Withheld
The appointment of PricewaterhouseCoopers LLP as auditors of the Corporation for the ensuing year and to authorize the Audit Committee of the Board of Directors to fix their remuneration.	733,200,212 94.14%	45,678,373 5.86%
	Votes For	Votes Against
Vote on Share Split of Issued and Outstanding Common Shares of the Corporation be subdivided on a two for one basis.	774,321,586 99.41%	4,556,996 0.59%
	Votes For	Votes Against
On an advisory basis, approval of the Corporation's approach to executive compensation.	748,228,501 98.31%	12,833,315 1.69%

 

Canadian Natural is a senior crude oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore Africa.

CANADIAN NATURAL RESOURCES LIMITED
T (403) 517-6700     F (403) 517-7350     E ir@cnrl.com
2100, 855 - 2 Street S.W. Calgary, Alberta, T2P 4J8
www.cnrl.com

SCOTT G. STAUTH
President

MARK A. STAINTHORPE
Chief Financial Officer

LANCE J. CASSON
Manager, Investor Relations

Trading Symbol - CNQ
Toronto Stock Exchange
New York Stock Exchange

Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Refer to our website for complete forward-looking statements www.cnrl.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/207925

FAQ

What was the result of the vote for the election of directors at Canadian Natural Resources 's Annual and Special Meeting?

Directors were elected with high percentages of votes in favor, indicating strong support from shareholders.

What was the outcome of the vote on the share split of Issued and Outstanding Common Shares at the meeting?

Share split was approved with a high percentage of votes in favor, suggesting potential benefits for liquidity and market interest.

Where does Canadian Natural Resources operate?

The company operates in Western Canada, the U.K. North Sea, and Offshore Africa.