Canadian Natural Resources Limited (CNQ) Q4 2023 Earnings Call Transcript

Canadian Natural Resources Limited (NYSE:CNQ) Q4 2023 Results Conference Call February 29, 2024 11:00 AM ET

Company Participants

Lance Casson – Investor Relations

Tim McKay – Vice Chairman

Scott Stauth – Chief Operating Officer, Oil Sands

Robin Zabek – Chief Operating Officer, E&P

Mark Stainthorpe – Chief Financial Officer

Conference Call Participants

Doug Leggate – Bank of America

Greg Pardy – RBC Capital Markets

Neil Mehta – Goldman Sachs

Menno Hulshof – TD Cowen

Patrick O’Rourke – ATB Capital Markets

John Royall – JPMorgan

Michael Dunn – Stifel Nicolaus Canada Inc.

Dennis Fong – CIBC World Markets

Operator

Good morning. We would like to welcome everyone to the Canadian Natural Resources 2023 Fourth Quarter and Year-End Earnings Conference Call and Webcast. After the presentation, we will conduct a question-and-answer session. Instructions will be given at that time. Please note that this call is being recorded today, February 29, 2024 at 09:00 AM Mountain Time.

I would now like to turn the meeting over to your host for today’s call, Lance Casson, Manager of Investor Relations. Please go ahead.

Lance Casson

Thank you, operator. Good morning, everyone, and thank you for joining Canadian Natural’s fourth quarter and annual 2023 earnings conference call. As always, before we begin, I’d like to remind you of our forward-looking statements and it should be noted that in our reporting disclosures, everything is in Canadian dollars, unless otherwise stated, and we report our reserves and production before royalties. Additionally, I would suggest you review our comments on non-GAAP disclosures in our financial statements.

Speaking on today’s call with me today are Tim McKay, Vice Chairman; Scott Stauth, President; Robin Zabek, Chief Operating Officer, Conventional E&P; and Mark Stainthorpe, our Chief Financial Officer. Tim will first speak to how our strategy and execution has resulted in strong corporate results. Scott will deliver specifics on our record production

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