UNCLASSIFIED - NON CLASSIFIÉ

Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name

Canadian Natural Resources Limited

Reporting Year

From

2024-01-01

To:

2024-12-31

Date submitted

2025-05-29

Reporting Entity ESTMA Identification Number

E145969

Original Submission: Yes

Amended Report:

Other Subsidiaries Included (optional field)

For Consolidated Reports - Subsidiary Reporting Entities Included in Report:

E072724 CNR Hatton 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 Entity

Victor Darel

Date

2025-05-28

Position Title

Chief Financial Officer

---

UNCLASSIFIED - NON CLASSIFIÉ

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

2024-01-01

To:

2024-12-31

Reporting Entity Name

Canadian Natural Resources Limited

Currency of the Report

CAD

Reporting Entity ESTMA Identification Number

E145969

Subsidiary Reporting Entities (if necessary)

E072724 CNR Hatton Partnership, E814257 Canadian Natural Upgrading Limited, E088016 CNR Montney Partnership

Payments by Payee
Country			Payee Name1			Departments, Agency, etc. within Payee that Received Payments2			Taxes			Royalties			Fees			Production Entitlements			Bonuses			Dividends			Infrastructure Improvement Payments			Total Amount paid to Payee			Notes34
Canada			Government of Canada						766,230,000			930,000			3,220,000															770,380,000
Canada			Province of Alberta						413,370,000			6,457,590,000			143,400,000						50,500,000									7,064,860,000			A
Canada			Province of British Columbia						13,180,000			66,560,000			36,130,000															115,870,000
Canada			Province of Saskatchewan						5,340,000			56,810,000			7,920,000															70,070,000
Canada			Province of Manitoba						170,000			600,000			130,000															900,000
Canada			Regional Municipality of Wood Buffalo						106,710,000																					106,710,000
Canada			Municipal District of Opportunity No.17						42,200,000						20,000															42,220,000
Canada			Lac La Biche County						38,250,000																					38,250,000
Canada			Municipal District of Bonnyville No.87						22,550,000						20,000															22,570,000
Canada			Municipal District of Greenview No. 16						12,960,000																					12,960,000
Canada			Alberta Special Areas Board						7,760,000						1,320,000															9,080,000
Canada			County of Grande Prairie No. 1						8,270,000						320,000															8,590,000
Canada			County of St. Paul No. 19						5,300,000						1,970,000															7,270,000
Canada			Yellowhead County						6,990,000																					6,990,000
Canada			Saddle Hills County						6,860,000																					6,860,000
Canada			Northern Sunrise County						6,420,000																					6,420,000
Canada			Municipal District of Taber No. 14						5,020,000						820,000															5,840,000
Canada			County of Vermilion River No. 24						5,020,000			100,000			150,000															5,270,000
Canada			County of Newell No. 4						3,740,000						10,000															3,750,000
Canada			Northern Rockies Regional Municipality						3,280,000																					3,280,000
Canada			Clear Hills County						3,240,000																					3,240,000
Canada			District Municipality of Tumbler Ridge						3,200,000																					3,200,000

---

UNCLASSIFIED - NON CLASSIFIÉ

Canada			Municipal District of Fairview No. 136						2,860,000																					2,860,000
Canada			Clearwater County						2,710,000																					2,710,000
Canada			Big Lakes County						2,690,000																					2,690,000
Canada			Rural Municipality of Senlac No. 411						2,630,000																					2,630,000
Canada			Rural Municipality of Enterprise No. 142						2,210,000																					2,210,000
Canada			Cypress County						2,050,000						20,000															2,070,000
Canada			Municipal District of Lesser Slave River No. 124						1,730,000																					1,730,000
Canada			Rural Municipality of Big Stick No. 141						1,700,000																					1,700,000
Canada			Rural Municipality of Wilton No. 472						1,620,000																					1,620,000
Canada			Rural Municipality of Fox Valley No. 171						1,480,000																					1,480,000
Canada			Municipal District of Willow Creek No. 26						1,460,000						10,000															1,470,000
Canada			Rural Municipality of Frenchman Butte No. 501						1,450,000																					1,450,000
Canada			Municipal District of Starland County						1,420,000						20,000															1,440,000
Canada			County of Northern Lights						1,410,000																					1,410,000
Canada			Birch Hills County						1,390,000																					1,390,000
Canada			Two Hills County						1,270,000																					1,270,000
Canada			Rural Municipality of Britannia No. 502						1,230,000																					1,230,000
Canada			Smoky Lake County No. 13						1,180,000						10,000															1,190,000
Canada			Rural Municipality of Browning No. 34						1,180,000																					1,180,000
Canada			Rural Municipality of Eldon No. 471						1,120,000						40,000															1,160,000
Canada			Vulcan County						1,090,000						30,000															1,120,000
Canada			Stettler County No. 6						980,000																					980,000
Canada			County of Warner No. 5						950,000																					950,000
Canada			Ponoka County						880,000																					880,000
Canada			Municipality of Two Borders						830,000																					830,000
Canada			County of Athabasca No. 12						810,000																					810,000
Canada			Wheatland County						750,000																					750,000
Canada			Municipal District of Smoky River No. 130						720,000																					720,000
Canada			Red Deer County						670,000																					670,000
Canada			Wetaskiwin County No. 10						580,000																					580,000
Canada			Kneehill County						550,000																					550,000
Canada			Rural Municipality of Mervin No. 499						540,000																					540,000
Canada			Rural Municipality of Chesterfield No. 261						530,000																					530,000
Canada			Rural Municipality of Piapot No. 110						440,000																					440,000
Canada			Rural Municipality of Eye Hill No. 382						410,000																					410,000
Canada			Rural Municipality of Happyland No. 231						370,000																					370,000
Canada			Rural Municipality of Cymri No. 36						350,000																					350,000
Canada			District of Chetwynd						330,000																					330,000
Canada			Rural Municipality of Moose Creek No. 33						310,000																					310,000
Canada			Rural Municipality of Milton No. 292						290,000																					290,000

---

UNCLASSIFIED - NON CLASSIFIÉ

Canada			County of Forty Mile No. 8						280,000																					280,000
Canada			Woodlands County						260,000																					260,000
Canada			District of Hudson's Hope						260,000																					260,000
Canada			Rural Municipality of Clinworth No. 230						250,000																					250,000
Canada			Rural Municipality of Maple Creek No. 111						230,000																					230,000
Canada			Municipal District of Wainwright No. 61						220,000																					220,000
Canada			County of Camrose No. 22						220,000																					220,000
Canada			Lacombe County						220,000																					220,000
Canada			County of Paintearth No. 18						210,000																					210,000
Canada			Rural Municipality of Tecumseh No. 65						200,000																					200,000
Canada			Town of Taber						130,000						70,000															200,000
Canada			Rural Municipality of Hillsdale No. 440						190,000						10,000															200,000
Canada			Rural Municipality of Enniskillen No. 3						180,000						10,000															190,000
Canada			Rural Municipality of Turtle River No. 469						190,000																					190,000
Canada			Leduc County						180,000																					180,000
Canada			Rural Municipality of Golden West No. 95						170,000																					170,000
Canada			Rural Municipality of Coalfields No. 4						170,000																					170,000
Canada			Municipal District of Foothills No. 31						160,000																					160,000
Canada			Westlock County						160,000																					160,000
Canada			Town of Drumheller						160,000																					160,000
Canada			Rural Municipality of Argyle No. 1						130,000																					130,000
Canada			Rural Municipality of Griffin No. 66						120,000																					120,000
Canada			Rural Municipality of Reciprocity No. 32						120,000																					120,000
Canada			County of Lethbridge No. 26						110,000																					110,000
Canada			County of Flagstaff No. 29						100,000																					100,000
Canada			County of Lac Ste. Anne No. 28						100,000																					100,000
Canada			Fort McKay First Nation												6,800,000															6,800,000
Canada			Kai Taile Denesoline Trust												6,000,000															6,000,000
Canada			Fort McKay Bare Trust												3,350,000															3,350,000
Canada			Mikisew Cree First Nation												3,330,000															3,330,000
Canada			Fort McMurray Métis Local 1935												2,720,000															2,720,000
Canada			Cold Lake First Nations												2,600,000															2,600,000
Canada			Fishing Lake Métis Settlement						640,000			40,000			1,150,000															1,830,000
Canada			Chipewyan Prairie First Nation												1,680,000															1,680,000
Canada			Fort Chipewyan Métis Local 125												1,470,000															1,470,000
Canada			WhiteFish Lake Indian Reserve No. 128												1,440,000															1,440,000
Canada			Fort McKay Métis Nation												1,310,000															1,310,000
Canada			Gift Lake Métis Settlement						410,000						390,000															800,000
Canada			Elizabeth Métis Settlement						10,000						630,000															640,000
Canada			Conklin Métis Local #193												620,000															620,000

---

UNCLASSIFIED - NON CLASSIFIÉ

Canada			Athabasca Chipewyan First Nation												600,000															600,000
Canada			Kikino Métis Settlement									40,000			370,000															410,000
Canada			Peavine Métis Settlement						20,000						390,000															410,000
Canada			Halfway River First Nation												350,000															350,000
Canada			Buffalo Lake Métis Settlement												280,000															280,000
Canada			Frog Lake First Nation												280,000															280,000
Canada			Saddle Lake Cree Nation						90,000						120,000															210,000
Canada			Kehewin Cree Nation												180,000															180,000
Canada			Beaver Lake Cree Nation												180,000															180,000
Canada			Heart Lake First Nation												170,000															170,000
Canada			Fort McMurray #468 First Nation												120,000															120,000
Canada			Owl River Métis Local #1949												110,000															110,000
Côte d’Ivoire			Government of Côte d'Ivoire															163,520,000												163,520,000			B,C
Côte d’Ivoire			Petroci															24,300,000												24,300,000			B,C
United Kingdom of Great Britain and Northern Ireland			His Majesty's Government												2,360,000															2,360,000			B
Additional Notes:			A.Royalties in the amount of $211,630,000 were paid in kind to the Province 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 = 1.7201 CAD , 1 USD = 1.3838 CAD and 1 CFA = 0.0023 CAD. C.Production entitlement volumes and values are determined according to the related production sharing contracts.

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.

---

UNCLASSIFIED - NON CLASSIFIÉ

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

2024-01-01

To:

2024-12-31

Reporting Entity Name

Canadian Natural Resources Limited

Currency of the Report

CAD

Reporting Entity ESTMA Identification Number

E145969

Subsidiary Reporting Entities (if necessary)

E072724 CNR Hatton Partnership, E814257 Canadian Natural Upgrading Limited, E088016 CNR Montney Partnership

Payments by Project
Country			Project Name1			Taxes			Royalties			Fees			Production Entitlements			Bonuses			Dividends			Infrastructure Improvement Payments			Total Amount paid by Project			Notes23
Canada			Northeast British Columbia			20,240,000			66,560,000			36,710,000															123,510,000
Canada			Northwest Alberta			44,710,000			244,400,000			26,800,000						2,450,000									318,360,000			A
Canada			Northern Plains			142,940,000			2,496,570,000			73,180,000						48,020,000									2,760,710,000			A
Canada			Southern Plains and Southeast Saskatchewan			44,750,000			94,740,000			40,350,000						30,000									179,870,000			A
Canada			Oil Sands Mining and Upgrading			126,080,000			3,680,400,000			54,970,000															3,861,450,000
Canada			Corporate			1,160,400,000						280,000															1,160,680,000
Côte d’Ivoire			Baobab												156,650,000												156,650,000			B,C
Côte d’Ivoire			Espoir												31,170,000												31,170,000			B,C
United Kingdom of Great Britain and Northern Ireland			North Sea									2,360,000															2,360,000			B
Additional Notes3:			A.Royalties in the amount of $211,630,000 were paid in kind to the Province 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 = 1.7201 CAD , 1 USD = 1.3838 CAD and 1 CFA = 0.0023 CAD. C.Production entitlement volumes and values are determined according to the related production sharing contracts.

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.

2Optional field

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.