Canadian Natural Reports Record Q2 Results Driven by Operational Excellence
Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announced its second quarter results for 2026, reporting record production and financial performance. According to President Scott Stauth, 'We had a very strong 2026 second quarter, reflecting our continued focus on operational excellence, capital efficiency and continuous improvement.'
The company achieved eight new operational and financial records in the quarter, including its highest quarterly oil sands mining production in history at approximately 625,000 bbl/d. This was driven by high upgrader utilization of 106% and strong SCO pricing that averaged a US$8.37/bbl premium to WTI.
Canadian Natural also reported record total corporate production of approximately 1,677,000 BOE/d in Q2/26, resulting in year-over-year growth of approximately 256,000 BOE/d or 18% from Q2/25 levels.