Canadian Natural Resources Amends Stock Option Plan, Seeks Shareholder Approval

Canadian Natural Resources Limited has amended its Stock Option Plan to require shareholder approval for any future changes to the plan’s amendment provisions, a move designed to enhance stakeholder engagement and align with best governance practices. This change aligns with Institutional Shareholder Services policies and will be voted on by shareholders at the company’s annual and special meeting on May 8, 2025. The amendment is part of Canadian Natural’s broader strategy to promote transparency, responsible corporate governance, and incentivize key stakeholders through share ownership. The company, a major crude oil and natural gas producer with operations in Western Canada, the U.K. North Sea, and Offshore Africa, has reported strong financial performance and consistent shareholder returns. Shareholders are encouraged to approve the unallocated stock options under the revised plan, which aims to further align management’s interests with long-term company growth.