Canadian Natural Resources Limited (CNRL) (CNQ.TO) is a public company. MAKE YOUR MARK WHILE YOU GROW YOUR CAREER At Canadian Natural we believe our employees are the key to unlocking asset potential. As one of the largest independent crude oil and natural gas producers in the world, our balanced mix of natural gas, light oil, heavy oil, in situ oil sands production and oil sands mining creates opportunity for people who want to be part of a challenging and competitive industry. Join our team as we continue to create value through innovation by “doing it right” with fun and integrity in North America, the North Sea, and Offshore Africa.

Health and Safety At Canadian Natural, safety is a core value. We conduct all of our operations in a way that identifies, minimizes and mitigates harm to the health and safety of employees, contractors, the public and the environment.

To learn more or to view our exciting career opportunities, visit: https://www.cnrl.com/careers/careers-with-canadian-natural/. Founded in 1989. It has 10,016 employees. Annual revenue is $38.8B. IPO 1999.

Transcript

Operator

Good morning. We would like to welcome everyone to Canadian Natural's 2026 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 that this call is being recorded today, August 6, 2026 at 9:00 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.

Lance Casson — Manager of Investor Relations

Good morning, everyone, and thank you for joining Canadian Natural's 2026 second quarter results conference call. Before we begin, I'd like to remind you of our forward-looking statements. It should be noted that in our reporting disclosures, everything is in Canadian dollars unless otherwise stated, and we report reserves and production before royalties. Also, I would suggest you review the advisory section in our financial statements that include comments on non-GAAP disclosures. Speaking on today's call will be Scott Stauth, our President, and Victor Darel, our Chief Financial Officer. As usual, also in the room with us this morning is Robin Zabek, CEO of E&P, Jay Froc, COO of Oil Sands, and Ron Laing, Chief Commercial Officer. Scott will begin by going through our numerous operational records and leading