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Canadian Natural Resources(TSX:CNQ)(NYSE:CNQ) produces and sells crude oil, natural gas, and natural gas liquids (NGLs). The company has a strong commitment to corporate governance, which assures stakeholders that it always operates with the highest levels of integrity and ethical standards. Oil sands mining and upgrading is approximately 36% of total corporate production, averaging over 400,000 barrels per day (bbl/d) of synthetic crude oil (SCO) an increase of 6% compared to prior-year levels.
Maximizing shareholder value
In 2021, the company’s oil sands segment delivered impressive results through a combination of high utilization and operational enhancements. Canadian Natural achieved record-low annual operating costs of $20.46 per barrel of SCO a decrease of $2.10 per barrel or 9% from prior-year levels. The long-life, zero-decline, high-value nature of the company’s assets continue to deliver free cash flow, maximizing v
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