UNCLASSIFIED - NON CLASSIFIÉ

Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name

Canadian Natural Resources Limited

Reporting Year

From

2025-01-01

To:

2025-12-31

Date submitted

2025-05-27

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, E912410 1745844 Alberta Ltd.

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

2026-05-27

Position Title

Chief Financial Officer

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UNCLASSIFIED - NON CLASSIFIÉ

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

2025-01-01

To:

2025-12-31

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, E912410 1745844 Alberta Ltd.

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						1,169,460,000			480,000			3,480,000															1,173,420,000
Canada			Province of Alberta						630,460,000			5,524,630,000			152,770,000						27,970,000									6,335,830,000			A
Canada			Province of British Columbia						13,560,000			72,050,000			38,250,000															123,860,000
Canada			Province of Saskatchewan						10,070,000			55,760,000			8,220,000						550,000									74,600,000
Canada			Province of Manitoba						70,000			390,000			10,000															470,000
Canada			Regional Municipality of Wood Buffalo						108,670,000						10,000															108,680,000
Canada			Municipal District of Opportunity No.17						45,830,000						30,000															45,860,000
Canada			Lac La Biche County						41,960,000																					41,960,000
Canada			Municipal District of Bonnyville No.87						24,490,000						3,530,000															28,020,000
Canada			Municipal District of Greenview No. 16						18,680,000						130,000															18,810,000
Canada			County of Newell No. 4						11,390,000						40,000															11,430,000
Canada			County of Grande Prairie No. 1						9,830,000						120,000															9,950,000
Canada			Alberta Special Areas Board						7,640,000						1,310,000															8,950,000
Canada			Yellowhead County						7,470,000																					7,470,000
Canada			Saddle Hills County						7,130,000						10,000															7,140,000
Canada			County of St. Paul No. 19						5,430,000						1,120,000															6,550,000
Canada			Northern Sunrise County						6,370,000																					6,370,000
Canada			Municipal District of Taber No. 14						5,270,000						820,000															6,090,000
Canada			County of Vermilion River No. 24						4,980,000			110,000			100,000															5,190,000
Canada			Northern Rockies Regional Municipality						3,900,000																					3,900,000
Canada			District Municipality of Tumbler Ridge						3,380,000																					3,380,000
Canada			Clear Hills County						3,100,000																					3,100,000

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UNCLASSIFIED - NON CLASSIFIÉ

Canada			Clearwater County						2,920,000																					2,920,000
Canada			Municipal District of Fairview No. 136						2,910,000																					2,910,000
Canada			Big Lakes County						2,450,000																					2,450,000
Canada			Rural Municipality of Enterprise No. 142						2,120,000																					2,120,000
Canada			Wheatland County						2,110,000																					2,110,000
Canada			Municipal District of Lesser Slave River No. 124						2,070,000																					2,070,000
Canada			Cypress County						2,000,000						10,000															2,010,000
Canada			Rural Municipality of Wilton No. 472						1,680,000																					1,680,000
Canada			Municipal District of Starland County						1,570,000						20,000															1,590,000
Canada			Municipal District of Willow Creek No. 26						1,570,000						10,000															1,580,000
Canada			Rural Municipality of Big Stick No. 141						1,580,000																					1,580,000
Canada			Rural Municipality of Fox Valley No. 171						1,560,000																					1,560,000
Canada			Rural Municipality of Senlac No. 411						1,530,000																					1,530,000
Canada			County of Northern Lights						1,530,000																					1,530,000
Canada			Birch Hills County						1,450,000																					1,450,000
Canada			Rural Municipality of Frenchman Butte No. 501						1,350,000																					1,350,000
Canada			Two Hills County						1,250,000																					1,250,000
Canada			Municipality District of Smoky River No. 130						1,210,000						10,000															1,220,000
Canada			Rural Municipality of Britannia No. 502						1,180,000						20,000															1,200,000
Canada			Vulcan County						1,080,000						20,000															1,100,000
Canada			Rural Municipality of Browning No. 34						1,100,000																					1,100,000
Canada			Rural Municipality of Eldon No. 471						1,030,000						30,000															1,060,000
Canada			Municipality of Two Borders						940,000																					940,000
Canada			Stettler County No. 6						930,000																					930,000
Canada			Ponoka County						910,000																					910,000
Canada			County of Warner No. 5						880,000																					880,000
Canada			Kneehill County						850,000																					850,000
Canada			County of Athabasca No. 12						760,000																					760,000
Canada			Municipal District of Smoky River No. 130						730,000																					730,000
Canada			Red Deer County						690,000																					690,000
Canada			Wetaskiwin County No. 10						570,000																					570,000
Canada			Rural Municipality of Eye Hill No. 382						510,000																					510,000
Canada			Rural Municipality of Chesterfield No. 261						490,000																					490,000
Canada			Rural Municipality of Mervin No. 499						480,000																					480,000
Canada			Rural Municipality of Piapot No. 110						440,000																					440,000
Canada			District of Chetwynd						360,000																					360,000
Canada			Rural Municipality of Cymri No. 36						350,000																					350,000
Canada			Rural Municipality of Happyland No. 231						310,000																					310,000
Canada			County of Forty Mile No. 8						280,000						20,000															300,000
Canada			Rural Municipality of Moose Creek No. 33						290,000																					290,000

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UNCLASSIFIED - NON CLASSIFIÉ

Canada			Rural Municipality of Milton No. 292						280,000																					280,000
Canada			District of Hudson's Hope						280,000																					280,000
Canada			Woodlands County						270,000																					270,000
Canada			Rural Municipality of Maple Creek No. 111						220,000																					220,000
Canada			Lacombe County						220,000																					220,000
Canada			County of Paintearth No. 18						220,000																					220,000
Canada			Rural Municipality of Tecumseh No. 65						220,000																					220,000
Canada			Town of Taber						120,000						90,000															210,000
Canada			Rural Municipality of Golden West No. 95						210,000																					210,000
Canada			Rural Municipality of Clinworth No. 230						210,000																					210,000
Canada			Leduc County						190,000																					190,000
Canada			County of Camrose No. 22						190,000																					190,000
Canada			Rural Municipality of Coalfields No. 4						190,000																					190,000
Canada			Rural Municipality of Hillsdale No. 440						180,000																					180,000
Canada			Rural Municipality of Turtle River No. 469						170,000																					170,000
Canada			Town of Drumheller						170,000																					170,000
Canada			Rural Municipality of Enniskillen No. 3						170,000																					170,000
Canada			Municipal District of Wainwright No. 61						160,000																					160,000
Canada			Municipal District of Foothills No. 31						160,000																					160,000
Canada			Rural Municipality of Argyle No. 1						140,000																					140,000
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 Lac Ste. Anne No. 28						110,000																					110,000
Canada			County of Lethbridge No. 26						110,000																					110,000
Canada			Rural Municipality of Grass Lake No. 381						100,000																					100,000
Canada			County of Flagstaff No. 29						100,000																					100,000
Canada			Mikisew Cree First Nation												11,190,000															11,190,000
Canada			Fort McKay First Nation												7,080,000															7,080,000
Canada			Kai Taile Denesoline Trust												6,160,000															6,160,000
Canada			Fort McKay Bare Trust												3,450,000															3,450,000
Canada			Fort McMurray #468 First Nation												3,250,000															3,250,000
Canada			Cold Lake First Nations												3,180,000															3,180,000
Canada			Conklin Métis Local #193												1,880,000															1,880,000
Canada			Chipewyan Prairie First Nation												1,580,000															1,580,000
Canada			Fishing Lake Métis Settlement						530,000			10,000			870,000															1,410,000
Canada			Fort McMurray Métis Local 1935												1,040,000															1,040,000
Canada			Heart Lake First Nation												970,000															970,000
Canada			Athabasca Chipewyan First Nation												760,000															760,000
Canada			Gift Lake Métis Settlement						430,000						250,000															680,000
Canada			Elizabeth Métis Settlement												580,000															580,000

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UNCLASSIFIED - NON CLASSIFIÉ

Canada			WhiteFish Lake Indian Reserve No. 128												430,000															430,000
Canada			Kikino Métis Settlement									20,000			390,000															410,000
Canada			Buffalo Lake Métis Settlement												400,000															400,000
Canada			Peavine Métis Settlement												390,000															390,000
Canada			Saddle Lake Cree Nation						90,000						260,000															350,000
Canada			Fort McKay Métis Nation												280,000															280,000
Canada			Halfway River First Nation												260,000															260,000
Canada			Beaver Lake Cree Nation												240,000															240,000
Canada			Chard Métis Nation												230,000															230,000
Canada			Fort Chipewyan Métis Nation												200,000															200,000
Canada			Kehewin Cree Nation												160,000															160,000
Canada			Frog Lake First Nation												140,000															140,000
Canada			Onion Lake Cree Nation												130,000															130,000
Canada			Owl River Métis Local #1949												130,000															130,000
Canada			Bigstone Cree Nation												110,000															110,000
Canada			Horse Lake First Nation												100,000															100,000
Côte d’Ivoire			Government of Côte d'Ivoire															13,480,000												13,480,000			B,C
United Kingdom of Great Britain and Northern Ireland			His Majesty's Government						180,000						3,010,000															3,190,000			B
Additional Notes:			A.Royalties in the amount of $185,300,000 were paid in kind to the Government 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 = 1.8354 CAD, 1 USD = 1.4130 CAD and 1 CFA = 0.0024 CAD. C. Production entitlement volumes and values are determined according to the related production sharing contracts. D.On November 1, 2025 Canadian Natural Resources Limited purchased the remaining shares of 1745844 Alberta Limited. Reportable payments for the period November 1 2025 to December 31 2025 have been included in this consolidated report.

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.

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UNCLASSIFIED - NON CLASSIFIÉ

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

2025-01-01

To:

2025-12-31

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, E912410 1745844 Alberta Ltd.

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			21,450,000			72,050,000			38,660,000															132,160,000
Canada			Northwest Alberta			52,950,000			300,850,000			33,050,000						7,400,000									394,250,000			A
Canada			Northern Plains			150,180,000			2,007,090,000			71,360,000						21,090,000									2,249,720,000			A,D
Canada			Southern Plains and Southeast Saskatchewan			53,850,000			92,480,000			44,050,000						30,000									190,410,000			A
Canada			Oil Sands Mining and Upgrading			132,210,000			3,180,980,000			68,970,000															3,382,160,000			D
Canada			Corporate			1,782,200,000						180,000															1,782,380,000
Côte d’Ivoire			Baobab												6,050,000												6,050,000			B,C
Côte d’Ivoire			Espoir												7,430,000												7,430,000			B,C
United Kingdom of Great Britain and Northern Ireland			North Sea			180,000						3,010,000															3,190,000			B
Additional Notes3:			A.Royalties in the amount of $185,300,000 were paid in kind to the Government 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 = 1.8354 CAD, 1 USD = 1.4130 CAD and 1 CFA = 0.0024 CAD. C. Production entitlement volumes and values are determined according to the related production sharing contracts. D.On November 1, 2025 Canadian Natural Resources Limited purchased the remaining shares of 1745844 Alberta Limited. Reportable payments for the period November 1 2025 to December 31 2025 have been included in this consolidated report.

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.