Canadian Natural Resources Limited (CNQ) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. We would like to welcome everyone to the Canadian Naturals 2025 Second 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 this call is being recorded today, August 7, 2025, at 9 a.m. Mountain Time. I would now like to turn the meeting over to your host for today's call, Lance Cassin, Manager of Investor Relations. Good morning everyone, and thank you for joining Canadian Naturals 2025 Second Quarter Earnings Commerce Call. As always, I would like to remind you of our forward-looking statements, and it should be noted that in our reporting disclosure, everything is in Canadian dollars unless otherwise stated, and we report our reserves and production before royalties. Also, I would suggest reviewing the advisory section in our financial statements, and it includes comments on non-GAAP disclosures. Speaking on today's call will be Scott Seltzer, our President, and Victor Durrell, our Chief Financial Officer. Additionally, in the room with us this morning is Robin Zabek, CEO of EMP, and Jay Frock, CEO of Oil Sounds. Scott will start off by providing details on how strong operational performance, the completion of turnarounds, and our recent Decretive Acquisition set Canadian Natural up for a strong second half of the year. Victor will then summarize our financial results, liquidity, and our significant returns to shareholders -to-date. 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. Our relentless focus on continuous improvement combined with effective and efficient operations drove strong performance -to-date in 2025. Our ability to effe...