Canadian Natural Resources Limited (CNQ) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. We would like to welcome everyone to Canadian Natural's 2025 First Quarter 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, May 8, 2025, at 7 a.m. 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 2025 First Quarter Earnings Conference call. As always, 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. Also, I would suggest to review the advisory section in our financial statements that include comments on non-GAAP disclosures. Speaking on today's call will be Scott Stealth, our President, and Victor Durrell, our Chief Financial Officer. Additionally, in the room with us this morning is Robin Zabeck, COO of E&P, Jay Frock, COO of oil sands, and Mark Stainthorpe, Executive Advisor. Scott will first provide details of our top-tier operational performance and effective and efficient operations that are driving strong results Victor will then summarize our financial results, including strong financial position and returns to shareholders. To close, Scott will summarize prior to opening up the line for questions. With that, over to you, Scott. Thank you, Lance, and good morning, everyone. We have a long track record of being a safe, industry-leading, effective, and efficient producer while constantly delivering top-tier operati...