EX-99.1 4 cnq-20231231.htm EX-99.1 Document

Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity NameCanadian Natural Resources Limited
Reporting YearFrom2023-01-01To:2023-12-31Date submitted2024-05-28
Reporting Entity ESTMA Identification NumberE145969
Original Submission: Yes
Amended Report:
Other Subsidiaries Included
(optional field)
For Consolidated Reports - Subsidiary Reporting Entities Included in Report:E174397 Canadian Natural Resources Partnership, E300033 Canadian Natural Resources Northern Alberta Partnership, E072724 CNR Hatton Partnership, E493358 CNR Royalty Partnership, E814257 Canadian Natural Upgrading Limited, E088016 CNR Montney Partnership
Not Substituted
Attestation by Reporting Entity
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
Full Name of Director or Officer of Reporting EntityMark StainthorpeDate2024-05-28
Position TitleChief Financial Officer



















Extractive Sector Transparency Measures Act - Annual Report
Reporting YearFrom:2023-01-01To:2023-12-31
Reporting Entity NameCanadian Natural Resources LimitedCurrency of the ReportCAD
Reporting Entity ESTMA Identification NumberE145969
Subsidiary Reporting Entities (if necessary)E174397 Canadian Natural Resources Partnership, E300033 Canadian Natural Resources Northern Alberta Partnership, E072724 CNR Hatton Partnership, E493358 CNR Royalty Partnership, E814257 Canadian Natural Upgrading Limited, E088016 CNR Montney Partnership
Payments by Payee
Country
Payee Name1
Departments, Agency, etc. within Payee that Received Payments2
TaxesRoyaltiesFeesProduction EntitlementsBonusesDividendsInfrastructure Improvement PaymentsTotal Amount paid to Payee
Notes3,4
CanadaGovernment of Canada2,121,460,000 1,590,000 3,290,000 2,126,340,000 
CanadaGovernment of Alberta1,048,980,000 5,201,330,000 129,640,000 4,630,000 6,384,580,000 A
CanadaGovernment of British Columbia12,650,000 142,070,000 35,280,000 190,000,000 
CanadaGovernment of Saskatchewan22,140,000 49,700,000 9,070,000 120,000 81,030,000 
CanadaGovernment of Manitoba440,000 920,000 60,000 1,420,000 
CanadaRegional Municipality of Wood Buffalo98,770,000 98,770,000 
CanadaLac La Biche County38,000,000 38,000,000 
CanadaMunicipal District of Opportunity No. 1737,220,000 40,000 37,260,000 
CanadaMunicipal District of Bonnyville #8721,940,000 30,000 21,970,000 
CanadaMunicipal District of Greenview No. 1612,330,000 12,330,000 
CanadaAlberta Special Areas Board7,210,000 1,370,000 8,580,000 
CanadaCounty of Grande Prairie No. 17,510,000 90,000 7,600,000 
CanadaMunicipal District of Yellowhead County6,560,000 6,560,000 
CanadaSaddle Hills County No. 206,510,000 10,000 6,520,000 
CanadaNorthern Sunrise County6,260,000 6,260,000 
CanadaMunicipal District of Taber #145,040,000 840,000 5,880,000 
CanadaCounty of Vermilion River No. 245,020,000 90,000 150,000 5,260,000 
CanadaCounty of St. Paul No. 195,220,000 10,000 5,230,000 
CanadaCounty of Newell #43,610,000 10,000 3,620,000 
CanadaClear Hills County3,140,000 3,140,000 
CanadaNorthern Rockies Regional Municipality3,070,000 3,070,000 
CanadaDistrict of Tumbler Ridge2,840,000 2,840,000 


















CanadaBig Lakes County2,730,000 2,730,000 
CanadaRural Municipality of Senlac #4112,660,000 2,660,000 
CanadaClearwater County2,580,000 2,580,000 
CanadaMunicipal District of Fairview No. 1362,560,000 2,560,000 
CanadaRural Municipality of Enterprise No. 1422,120,000 2,120,000 
CanadaCypress County1,970,000 10,000 1,980,000 
CanadaRural Municipality of Big Stick #1411,700,000 1,700,000 
CanadaRural Municipality of Wilton #4721,620,000 1,620,000 
CanadaRural Municipality of Fox Valley 1711,620,000 1,620,000 
CanadaMunicipal District of Lesser Slave River No. 1241,540,000 1,540,000 
CanadaRural Municipality of Frenchman Butte No. 5011,520,000 1,520,000 
CanadaRural Municipality of Britannia No. 5021,450,000 1,450,000 
CanadaStarland County1,380,000 20,000 1,400,000 
CanadaCounty of Northern Lights1,360,000 1,360,000 
CanadaMunicipal District of Willow Creek No.261,350,000 10,000 1,360,000 
CanadaCounty of Two Hills No. 211,310,000 10,000 1,320,000 
CanadaRural Municipality of Eldon No. 4711,250,000 40,000 1,290,000 
CanadaBirch Hills County1,290,000 1,290,000 
CanadaSmoky Lake County No. 131,160,000 10,000 1,170,000 
CanadaVulcan County No. 21,110,000 30,000 1,140,000 
CanadaRural Municipality of Browning #341,060,000 1,060,000 
CanadaCounty of Warner No. 51,000,000 1,000,000 
CanadaCounty of Stettler No. 6930,000 930,000 
CanadaMunicipality of Two Borders890,000 890,000 
CanadaPonoka County820,000 820,000 
CanadaCounty of Athabasca No. 12790,000 790,000 
CanadaWheatland County780,000 780,000 
CanadaMunicipal District of Smoky River No.130700,000 700,000 
CanadaRed Deer County670,000 670,000 
CanadaRural Municipality of Mervin #499600,000 600,000 
CanadaCounty of Wetaskiwin #10590,000 590,000 
CanadaKneehill County540,000 540,000 
CanadaRural Municipality of Chesterfield No.261470,000 470,000 
CanadaRural Municipality of Eye Hill No. 382420,000 420,000 
CanadaCounty of Forty Mile No. 8410,000 410,000 
CanadaRural Municipality of Happyland #231400,000 400,000 
CanadaRural Municipality of Piapot #110360,000 360,000 
CanadaRural Municipality of Milton No. 292290,000 50,000 340,000 


















CanadaRural Municipality of Cymri No. 36330,000 330,000 
CanadaRural Municipality of Moose Creek #33320,000 320,000 
CanadaDistrict of Chetwynd310,000 310,000 
CanadaWoodlands County260,000 260,000 
CanadaCamrose County240,000 240,000 
CanadaRural Municipality of Clinworth No 230230,000 230,000 
CanadaRural Municipality of Maple Creek #111220,000 220,000 
CanadaRural Municipality of Hillsdale No. 440210,000 210,000 
CanadaMunicipal District of Wainwright #61210,000 210,000 
CanadaCounty of Paintearth #18200,000 200,000 
CanadaLacombe County200,000 200,000 
CanadaRural Municipality of Tecumseh No. 65200,000 200,000 
CanadaRural Municipality of Turtle River #469190,000 190,000 
CanadaTown of Taber120,000 70,000 190,000 
CanadaLeduc County No. 25180,000 180,000 
CanadaWestlock County No. 92180,000 180,000 
CanadaDistrict of Hudson's Hope180,000 180,000 
CanadaRural Municipality of Enniskillen No. 3180,000 180,000 
CanadaRural Municipality of Golden West #95170,000 170,000 
CanadaRural Municipality of Coalfields No. 4170,000 170,000 
CanadaTown of Drumheller150,000 150,000 
CanadaMunicipal District of Foothills No. 31150,000 150,000 
CanadaRural Municipality of Argyle #1130,000 130,000 
CanadaRural Municipality of Griffin No. 66130,000 130,000 
CanadaLamont County120,000 120,000 
CanadaRural Municipality of Reciprocity #32120,000 120,000 
CanadaCounty of Lethbridge No. 26110,000 110,000 
CanadaK'ai Taile Denesoline Trust10,040,000 10,040,000 D
CanadaFort McKay First Nation6,620,000 6,620,000 
CanadaFort McKay Bare Trust3,250,000 3,250,000 
CanadaCold Lake First Nations2,560,000 2,560,000 
CanadaFishing Lake Metis Settlement520,000 50,000 1,430,000 2,000,000 
CanadaMikisew Cree First Nation1,650,000 1,650,000 
CanadaChipewyan Prairie Dene First Nation1,470,000 1,470,000 
CanadaConklin Métis1,130,000 1,130,000 
CanadaAthabasca Chipewyan First Nation1,100,000 1,100,000 
CanadaGift Lake Metis Settlement400,000 350,000 750,000 
CanadaFort Chipewyan Metis Association720,000 720,000 
CanadaElizabeth Metis Settlement10,000 580,000 590,000 
CanadaPeavine Metis Settlement30,000 450,000 480,000 


















CanadaHalfway River First Nation400,000 400,000 
CanadaKikino Metis Settlement10,000 40,000 340,000 390,000 
CanadaFort McMurray Metis Local 1935380,000 380,000 
CanadaBuffalo Lake Metis Settlement90,000 250,000 340,000 
CanadaSaddle Lake Cree Nation90,000 90,000 180,000 
CanadaBigstone Cree Nation140,000 140,000 
CanadaHeart Lake First Nation #167110,000 110,000 
CanadaAseniwuche Winewak Nation of Canada100,000 100,000 
CanadaIndian Resource Council of Canada100,000 100,000 
Côte d'IvoireGovernment of Republic of Côte d'Ivoire164,060,000 164,060,000 B,C
Côte d'IvoirePETROCI51,290,000 51,290,000 B,C
United Kingdom of Great Britain and Northern IrelandHis Majesty's Government of The United Kingdom of Great Britain and Northern Ireland2,730,000 2,730,000 B
Additional Notes:
A.Royalties in the amount of $250,420,000 were paid in kind to the Government of Alberta and valued at market prices.
B.Non Canadian dollar payments are translated using average exchange rates for the reporting period of 1 GBP = 1.6894 CAD , 1 USD = 1.3520 CAD and 1 CFA = 0.0022 CAD.
C.Production entitlement volumes and values are determined according to the related production sharing contracts.
D.K'ai Taile Denesoline Trust fees for 2022 [$4,210,000] and 2023 [$5,830,000] were paid in 2023.
E.On October 31 2023, Canadian Natural Resource Partnership [E174397] was dissolved and its operations were combined into Canadian Natural Resources Limited [E145969].
F.On November 30, 2023, Canadian Natural Resources Northern Alberta Partnership [E300033] was dissolved and its operations were combined into Canadian Natural Resources Limited [E145969].
1Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z).
2Optional field.
3When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.
4Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the Additional notes row or the Notes column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.


















Extractive Sector Transparency Measures Act - Annual Report
Reporting YearFrom:2023-01-01To:2023-12-31
Reporting Entity NameCanadian Natural Resources LimitedCurrency of the ReportCAD
Reporting Entity ESTMA Identification NumberE145969
Subsidiary Reporting Entities (if necessary)E174397 Canadian Natural Resources Partnership, E300033 Canadian Natural Resources Northern Alberta Partnership, E072724 CNR Hatton Partnership, E493358 CNR Royalty Partnership, E814257 Canadian Natural Upgrading Limited, E088016 CNR Montney Partnership
Payments by Project
Country
Project Name1
TaxesRoyaltiesFeesProduction EntitlementsBonusesDividendsInfrastructure Improvement PaymentsTotal Amount paid by Project
Notes2,3
CanadaNortheast British Columbia19,020,000 177,160,000 35,860,000 232,040,000 
CanadaNorthwest Alberta42,060,000 329,240,000 23,290,000 1,340,000 395,930,000 A
CanadaNorthern Plains138,410,000 1,928,810,000 68,570,000 3,320,000 2,139,110,000 A
CanadaSouthern Plains and Southeast Saskatchewan44,800,000 87,370,000 40,380,000 90,000 172,640,000 A
CanadaOil Sands Mining and Upgrading137,350,000 2,873,210,000 45,100,000 3,055,660,000 D
CanadaCorporate3,146,640,000 200,000 3,146,840,000 
Côte d’Ivoire Baobab193,310,000 193,310,000 B,C
Côte d’Ivoire Espoir22,040,000 22,040,000 B,C
United Kingdom of Great Britain and Northern IrelandNorth Sea2,730,000 2,730,000 B
Additional Notes3:
A.Royalties in the amount of $250,420,000 were paid in kind to the Government of Alberta and valued at market prices.
B.Non Canadian dollar payments are translated using average exchange rates for the reporting period of 1 GBP = 1.6894 CAD , 1 USD = 1.3520 CAD and 1 CFA = 0.0022 CAD.
C.Production entitlement volumes and values are determined according to the related production sharing contracts.
D.K'ai Taile Denesoline Trust fees for 2022 [$4,210,000] and 2023 [$5,830,000] were paid in 2023.
E.On October 31 2023, Canadian Natural Resource Partnership [E174397] was dissolved and its operations were combined into Canadian Natural Resources Limited [E145969].
F.On November 30, 2023, Canadian Natural Resources Northern Alberta Partnership [E300033] was dissolved and its operations were combined into Canadian Natural Resources Limited [E145969].
1Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the "Payments by Project" table.
2When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.
3Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the "Additional Notes" row or the "Notes" column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.