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CANADIAN NATURAL RESOURCES LTD. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 02 October 2026.

41Reported items
407Asset managers
6,066Fund votes
2025-05-08Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore CANADIAN NATURAL RESOURCES LTD. in the interactive database Compare manager voting policies

How asset managers voted at the CANADIAN NATURAL RESOURCES LTD. 2024-2025 meeting

Each item below shows how the 407 asset managers that disclosed a CANADIAN NATURAL RESOURCES LTD. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of CANADIAN NATURAL RESOURCES LTD.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. On an advisory basis, accepting the Corporation's approach to executive compensation as described in the Information Circular.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 12 wordings of this item as funds reported it.

99.7% fund support · no official result

FOR 98%

The 288 asset managers below cast 99.7% of the shares they voted on this item FOR (219,213,406 for, 566,711 against).

FOR: 219,213,406 (98.0%)AGAINST: 566,711 (0.3%)SPLIT: 3,967,826 (1.8%)NOT VOTED: 4,000 (0.0%)

Largest asset managers voting on “On an advisory basis, accepting the Corporation's approach to executive compensation as described in the Infor” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Vote
BlackRock	84,496,852	For
1832 Asset Management L.P.	32,582,756	For
AMG FUNDS	23,680,000	For
WCM INVESTMENT MANAGEMENT, LLC	8,059,263	For
SCOTIA CAPITAL INC.	11,158,491	For
Investment Managers Series Trust	9,189,360	For
Jackson National	7,275,195	For
EdgePoint Investment Group Inc.	5,498,355	For
John Hancock	4,666,450	For
Northern Trust	3,840,174	For
Foyston, Gordon & Payne Inc	2,387,294	For
CRAWFORD INVESTMENT COUNSEL INC	2,092,345	For
Merewether Investment Management, LP	1,830,307	For
Pacer Funds Trust	1,806,183	For
Bridge Builder Trust	1,470,550	For
FIRST MANHATTAN CO. LLC.	1,405,500	For
JPMorgan	1,152,188	For
GW&K Investment Management, LLC	1,133,125	For
South Dakota Investment Council	1,014,688	For
ENVESTNET ASSET MANAGEMENT INC	952,675	For
Yaupon Capital Management LP	853,239	For
Galibier Capital Management Ltd.	667,025	For
Korea Investment CORP	664,701	For
Mudita Advisors LLP	637,044	For
Rempart Asset Management Inc.	613,840	For

Showing the 25 largest of 288 asset managers. See all 288 in the interactive database.

2. ELECTION OF DIRECTOR: ANNETTE M. VERSCHUREN

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 124 asset managers below cast 100% of the shares they voted on this item FOR (366,683,193 for, 0 against).

FOR: 366,683,193 (100.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: ANNETTE M. VERSCHUREN” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Vote
Capital Group	147,293,069	For
Vanguard	43,021,933	For
T. Rowe Price	30,677,700	For
AMG FUNDS	23,680,000	For
Fidelity	23,287,800	For
BlackRock	11,721,185	For
EUPAC FUND	9,287,157	For
Investment Managers Series Trust	9,189,360	For
Jackson National	7,275,195	For
Dimensional	7,256,860	For
INVESTMENT CO OF AMERICA	7,134,495	For
Charles Schwab	5,895,358	For
JANUS INVESTMENT FUND	5,619,810	For
John Hancock	4,666,450	For
Voya	2,809,438	For
PENN SERIES FUNDS INC	2,221,754	For
BNY Mellon	1,896,182	For
Pacer Funds Trust	1,806,183	For
Legg Mason	1,575,202	For
Bridge Builder Trust	1,470,550	For
Invesco	1,449,323	For
Franklin Investors Securities Trust	1,350,000	For
State Street	1,116,367	For
JPMorgan	1,112,182	For
Putnam	766,168	For

Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.

3. ELECTION OF DIRECTOR: CATHERINE M. BEST

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.6%

The 124 asset managers below cast 99.9% of the shares they voted on this item FOR (365,340,131 for, 10,981 against).

FOR: 365,340,131 (99.6%)AGAINST: 10,981 (0.0%)ABSTAIN: 1,332,081 (0.4%)

Largest asset managers voting on “ELECTION OF DIRECTOR: CATHERINE M. BEST” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Abstain	Vote
Capital Group	147,293,069	0	For
Vanguard	43,021,933	0	For
T. Rowe Price	30,677,700	0	For
AMG FUNDS	23,680,000	0	For
Fidelity	23,287,800	0	For
BlackRock	11,721,185	0	For
EUPAC FUND	9,287,157	0	For
Investment Managers Series Trust	9,189,360	0	For
Jackson National	7,275,195	0	For
Dimensional	7,256,860	0	For
INVESTMENT CO OF AMERICA	7,134,495	0	For
Charles Schwab	5,895,358	0	For
JANUS INVESTMENT FUND	5,619,810	0	For
John Hancock	4,593,330	73,120	For
Voya	2,809,438	0	For
PENN SERIES FUNDS INC	2,221,754	0	For
BNY Mellon	1,896,182	0	For
Pacer Funds Trust	1,806,183	0	For
Legg Mason	1,575,202	0	For
Bridge Builder Trust	1,470,550	0	For
Invesco	1,449,323	0	For
Franklin Investors Securities Trust	1,350,000	0	For
State Street	0	1,116,367	Abstain
JPMorgan	1,112,182	0	For
Putnam	766,168	0	For

Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.

4. ELECTION OF DIRECTOR: CHRISTINE M. HEALY

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 124 asset managers below cast 100% of the shares they voted on this item FOR (366,681,689 for, 0 against).

FOR: 366,681,689 (100.0%)ABSTAIN: 1,504 (0.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: CHRISTINE M. HEALY” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Vote
Capital Group	147,293,069	For
Vanguard	43,021,933	For
T. Rowe Price	30,677,700	For
AMG FUNDS	23,680,000	For
Fidelity	23,287,800	For
BlackRock	11,721,185	For
EUPAC FUND	9,287,157	For
Investment Managers Series Trust	9,189,360	For
Jackson National	7,275,195	For
Dimensional	7,256,860	For
INVESTMENT CO OF AMERICA	7,134,495	For
Charles Schwab	5,895,358	For
JANUS INVESTMENT FUND	5,619,810	For
John Hancock	4,666,450	For
Voya	2,809,438	For
PENN SERIES FUNDS INC	2,221,754	For
BNY Mellon	1,896,182	For
Pacer Funds Trust	1,806,183	For
Legg Mason	1,575,202	For
Bridge Builder Trust	1,470,550	For
Invesco	1,449,323	For
Franklin Investors Securities Trust	1,350,000	For
State Street	1,116,367	For
JPMorgan	1,112,182	For
Putnam	766,168	For

Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.

5. ELECTION OF DIRECTOR: CHRISTOPHER L. FONG

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 124 asset managers below cast 100% of the shares they voted on this item FOR (365,917,858 for, 0 against).

FOR: 365,917,858 (99.8%)ABSTAIN: 765,335 (0.2%)

Largest asset managers voting on “ELECTION OF DIRECTOR: CHRISTOPHER L. FONG” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Vote
Capital Group	147,293,069	For
Vanguard	43,021,933	For
T. Rowe Price	30,677,700	For
AMG FUNDS	23,680,000	For
Fidelity	23,287,800	For
BlackRock	11,721,185	For
EUPAC FUND	9,287,157	For
Investment Managers Series Trust	9,189,360	For
Jackson National	7,275,195	For
Dimensional	7,256,860	For
INVESTMENT CO OF AMERICA	7,134,495	For
Charles Schwab	5,895,358	For
JANUS INVESTMENT FUND	5,619,810	For
John Hancock	4,666,450	For
Voya	2,809,438	For
PENN SERIES FUNDS INC	2,221,754	For
BNY Mellon	1,896,182	For
Pacer Funds Trust	1,806,183	For
Legg Mason	1,575,202	For
Bridge Builder Trust	1,470,550	For
Invesco	1,449,323	For
Franklin Investors Securities Trust	1,350,000	For
State Street	1,116,367	For
JPMorgan	1,112,182	For
Putnam	766,168	For

Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.

6. ELECTION OF DIRECTOR: DAVID A. TUER

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.5%

The 124 asset managers below cast 99.9% of the shares they voted on this item FOR (365,095,771 for, 113,430 against).

FOR: 365,095,771 (99.6%)AGAINST: 113,430 (0.0%)ABSTAIN: 1,473,992 (0.4%)

Largest asset managers voting on “ELECTION OF DIRECTOR: DAVID A. TUER” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Abstain	Vote
Capital Group	147,293,069	0	For
Vanguard	43,021,933	0	For
T. Rowe Price	30,677,700	0	For
AMG FUNDS	23,680,000	0	For
Fidelity	23,287,800	0	For
BlackRock	11,721,185	0	For
EUPAC FUND	9,287,157	0	For
Investment Managers Series Trust	9,189,360	0	For
Jackson National	7,275,195	0	For
Dimensional	7,256,860	0	For
INVESTMENT CO OF AMERICA	7,134,495	0	For
Charles Schwab	5,895,358	0	For
JANUS INVESTMENT FUND	5,619,810	0	For
John Hancock	4,593,330	73,120	For
Voya	2,809,438	0	For
PENN SERIES FUNDS INC	2,221,754	0	For
BNY Mellon	1,896,182	0	For
Pacer Funds Trust	1,806,183	0	For
Legg Mason	1,575,202	0	For
Bridge Builder Trust	1,470,550	0	For
Invesco	1,449,323	0	For
Franklin Investors Securities Trust	1,350,000	0	For
State Street	0	1,116,367	Abstain
JPMorgan	1,112,182	0	For
Putnam	766,168	0	For

Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.

7. ELECTION OF DIRECTOR: M. ELIZABETH CANNON

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 124 asset managers below cast 100% of the shares they voted on this item FOR (366,683,193 for, 0 against).

FOR: 366,683,193 (100.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: M. ELIZABETH CANNON” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Vote
Capital Group	147,293,069	For
Vanguard	43,021,933	For
T. Rowe Price	30,677,700	For
AMG FUNDS	23,680,000	For
Fidelity	23,287,800	For
BlackRock	11,721,185	For
EUPAC FUND	9,287,157	For
Investment Managers Series Trust	9,189,360	For
Jackson National	7,275,195	For
Dimensional	7,256,860	For
INVESTMENT CO OF AMERICA	7,134,495	For
Charles Schwab	5,895,358	For
JANUS INVESTMENT FUND	5,619,810	For
John Hancock	4,666,450	For
Voya	2,809,438	For
PENN SERIES FUNDS INC	2,221,754	For
BNY Mellon	1,896,182	For
Pacer Funds Trust	1,806,183	For
Legg Mason	1,575,202	For
Bridge Builder Trust	1,470,550	For
Invesco	1,449,323	For
Franklin Investors Securities Trust	1,350,000	For
State Street	1,116,367	For
JPMorgan	1,112,182	For
Putnam	766,168	For

Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.

8. ELECTION OF DIRECTOR: N. MURRAY EDWARDS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.8%

The 124 asset managers below cast 99.9% of the shares they voted on this item FOR (366,255,676 for, 124,411 against).

FOR: 366,255,676 (99.9%)AGAINST: 124,411 (0.0%)ABSTAIN: 303,106 (0.1%)

Largest asset managers voting on “ELECTION OF DIRECTOR: N. MURRAY EDWARDS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Vote
Capital Group	147,293,069	For
Vanguard	43,021,933	For
T. Rowe Price	30,677,700	For
AMG FUNDS	23,680,000	For
Fidelity	23,287,800	For
BlackRock	11,721,185	For
EUPAC FUND	9,287,157	For
Investment Managers Series Trust	9,189,360	For
Jackson National	7,275,195	For
Dimensional	7,256,860	For
INVESTMENT CO OF AMERICA	7,134,495	For
Charles Schwab	5,895,358	For
JANUS INVESTMENT FUND	5,619,810	For
John Hancock	4,666,450	For
Voya	2,809,438	For
PENN SERIES FUNDS INC	2,221,754	For
BNY Mellon	1,896,182	For
Pacer Funds Trust	1,806,183	For
Legg Mason	1,575,202	For
Bridge Builder Trust	1,470,550	For
Invesco	1,449,323	For
Franklin Investors Securities Trust	1,350,000	For
State Street	1,116,367	For
JPMorgan	1,112,182	For
Putnam	766,168	For

Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.

9. ELECTION OF DIRECTOR: SCOTT G. STAUTH

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 124 asset managers below cast 100% of the shares they voted on this item FOR (366,683,193 for, 0 against).

FOR: 366,683,193 (100.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: SCOTT G. STAUTH” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Vote
Capital Group	147,293,069	For
Vanguard	43,021,933	For
T. Rowe Price	30,677,700	For
AMG FUNDS	23,680,000	For
Fidelity	23,287,800	For
BlackRock	11,721,185	For
EUPAC FUND	9,287,157	For
Investment Managers Series Trust	9,189,360	For
Jackson National	7,275,195	For
Dimensional	7,256,860	For
INVESTMENT CO OF AMERICA	7,134,495	For
Charles Schwab	5,895,358	For
JANUS INVESTMENT FUND	5,619,810	For
John Hancock	4,666,450	For
Voya	2,809,438	For
PENN SERIES FUNDS INC	2,221,754	For
BNY Mellon	1,896,182	For
Pacer Funds Trust	1,806,183	For
Legg Mason	1,575,202	For
Bridge Builder Trust	1,470,550	For
Invesco	1,449,323	For
Franklin Investors Securities Trust	1,350,000	For
State Street	1,116,367	For
JPMorgan	1,112,182	For
Putnam	766,168	For

Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.

10. ELECTION OF DIRECTOR: STEVE W. LAUT

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 124 asset managers below cast 100% of the shares they voted on this item FOR (366,683,193 for, 0 against).

FOR: 366,683,193 (100.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: STEVE W. LAUT” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Vote
Capital Group	147,293,069	For
Vanguard	43,021,933	For
T. Rowe Price	30,677,700	For
AMG FUNDS	23,680,000	For
Fidelity	23,287,800	For
BlackRock	11,721,185	For
EUPAC FUND	9,287,157	For
Investment Managers Series Trust	9,189,360	For
Jackson National	7,275,195	For
Dimensional	7,256,860	For
INVESTMENT CO OF AMERICA	7,134,495	For
Charles Schwab	5,895,358	For
JANUS INVESTMENT FUND	5,619,810	For
John Hancock	4,666,450	For
Voya	2,809,438	For
PENN SERIES FUNDS INC	2,221,754	For
BNY Mellon	1,896,182	For
Pacer Funds Trust	1,806,183	For
Legg Mason	1,575,202	For
Bridge Builder Trust	1,470,550	For
Invesco	1,449,323	For
Franklin Investors Securities Trust	1,350,000	For
State Street	1,116,367	For
JPMorgan	1,112,182	For
Putnam	766,168	For

Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.

11. ELECTION OF DIRECTOR: WILFRED A. GOBERT

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 124 asset managers below cast 99.9% of the shares they voted on this item FOR (366,426,348 for, 113,430 against).

FOR: 366,426,348 (99.9%)AGAINST: 113,430 (0.0%)ABSTAIN: 143,415 (0.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: WILFRED A. GOBERT” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Vote
Capital Group	147,293,069	For
Vanguard	43,021,933	For
T. Rowe Price	30,677,700	For
AMG FUNDS	23,680,000	For
Fidelity	23,287,800	For
BlackRock	11,721,185	For
EUPAC FUND	9,287,157	For
Investment Managers Series Trust	9,189,360	For
Jackson National	7,275,195	For
Dimensional	7,256,860	For
INVESTMENT CO OF AMERICA	7,134,495	For
Charles Schwab	5,895,358	For
JANUS INVESTMENT FUND	5,619,810	For
John Hancock	4,666,450	For
Voya	2,809,438	For
PENN SERIES FUNDS INC	2,221,754	For
BNY Mellon	1,896,182	For
Pacer Funds Trust	1,806,183	For
Legg Mason	1,575,202	For
Bridge Builder Trust	1,470,550	For
Invesco	1,449,323	For
Franklin Investors Securities Trust	1,350,000	For
State Street	1,116,367	For
JPMorgan	1,112,182	For
Putnam	766,168	For

Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.

12. Elect Director Frank J. McKenna

DIRECTOR ELECTIONS

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 6 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.6%

The 107 asset managers below cast 99.9% of the shares they voted on this item FOR (351,591,186 for, 10,981 against).

FOR: 351,591,186 (99.6%)AGAINST: 10,981 (0.0%)ABSTAIN: 1,298,376 (0.4%)

Largest asset managers voting on “Elect Director Frank J. McKenna” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Abstain	Vote
Capital Group	147,293,069	0	For
Vanguard	43,021,933	0	For
T. Rowe Price	30,677,700	0	For
AMG FUNDS	23,680,000	0	For
Fidelity	23,287,800	0	For
BlackRock	11,115,003	0	For
EUPAC FUND	9,287,157	0	For
Jackson National	7,275,195	0	For
Dimensional	7,256,860	0	For
INVESTMENT CO OF AMERICA	7,134,495	0	For
Charles Schwab	5,895,358	0	For
JANUS INVESTMENT FUND	5,619,810	0	For
John Hancock	3,982,628	0	For
Voya	2,809,438	0	For
PENN SERIES FUNDS INC	2,221,754	0	For
BNY Mellon	1,896,182	0	For
Legg Mason	1,575,202	0	For
Invesco	1,449,323	0	For
Franklin Investors Securities Trust	1,350,000	0	For
Pacer Funds Trust	1,164,440	0	For
State Street	0	1,116,367	Abstain
JPMorgan	1,112,182	0	For
Putnam	766,168	0	For
American Century	754,603	0	For
SEI	753,584	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

13. Advisory Vote on Executive Compensation Approach

COMPENSATION

Meeting held 2025-05-08; no official results are on file for this meeting.

98% fund support · no official result

FOR 98%

The 80 asset managers below cast 98% of the shares they voted on this item FOR (295,300,014 for, 6,187,847 against).

FOR: 295,300,014 (97.9%)AGAINST: 6,187,847 (2.1%)

Largest asset managers voting on “Advisory Vote on Executive Compensation Approach” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Vote
Capital Group	147,293,069	0	For
Vanguard	37,332,957	0	For
T. Rowe Price	30,677,700	0	For
Fidelity	23,287,800	0	For
EUPAC FUND	9,287,157	0	For
Dimensional	7,256,860	0	For
INVESTMENT CO OF AMERICA	7,134,495	0	For
Desjardins Global Asset Management Inc.	0	6,187,847	Against
JANUS INVESTMENT FUND	5,619,810	0	For
Voya	2,809,438	0	For
JPMorgan	2,373,200	0	For
PENN SERIES FUNDS INC	2,221,754	0	For
Dixon Mitchell Investment Counsel Inc.	1,992,724	0	For
BNY Mellon	1,896,182	0	For
Legg Mason	1,575,202	0	For
Invesco	1,449,323	0	For
Franklin Investors Securities Trust	1,350,000	0	For
Close Asset Management Ltd	1,260,948	0	For
State Street	1,116,367	0	For
Putnam	766,168	0	For
American Century	754,603	0	For
JANUS ASPEN SERIES	736,474	0	For
MILLER HOWARD INVESTMENTS INC /NY	596,115	0	For
AQR	486,636	0	For
DWS	483,947	0	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

14. Elect Director Gordon D. Giffin

DIRECTOR ELECTIONS

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 98%

The 80 asset managers below cast 100% of the shares they voted on this item FOR (295,910,503 for, 0 against).

FOR: 295,910,503 (97.8%)ABSTAIN: 6,648,805 (2.2%)

Largest asset managers voting on “Elect Director Gordon D. Giffin” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Abstain	Vote
Capital Group	147,293,069	0	For
Vanguard	43,021,933	0	For
T. Rowe Price	30,677,700	0	For
Fidelity	23,287,800	0	For
EUPAC FUND	9,287,157	0	For
Dimensional	7,256,860	0	For
INVESTMENT CO OF AMERICA	7,134,495	0	For
Charles Schwab	5,895,358	0	For
JANUS INVESTMENT FUND	5,619,810	0	For
Voya	0	2,809,438	Abstain
PENN SERIES FUNDS INC	2,221,754	0	For
BNY Mellon	78,358	1,817,824	Abstain
Legg Mason	1,575,202	0	For
Invesco	1,449,323	0	For
Franklin Investors Securities Trust	1,350,000	0	For
State Street	0	1,116,367	Abstain
Putnam	766,168	0	For
American Century	754,603	0	For
SEI	753,584	0	For
JANUS ASPEN SERIES	736,474	0	For
Russell Investments	613,646	0	For
Hartford	424,906	123,654	For
AQR	486,636	0	For
DWS	483,947	0	For
Principal	165,921	299,389	Abstain

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

15. Re-approve Stock Option Plan

COMPENSATION

Meeting held 2025-05-08; no official results are on file for this meeting.

57% fund support · no official result

FOR 57%AGAINST 43%

The 74 asset managers below cast 57% of the shares they voted on this item FOR (165,536,716 for, 126,610,066 against).

FOR: 165,536,716 (56.7%)AGAINST: 126,610,066 (43.3%)

Largest asset managers voting on “Re-approve Stock Option Plan” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Vote
Capital Group	28,757,780	118,535,289	Against
Vanguard	37,332,957	0	For
T. Rowe Price	30,677,700	0	For
Fidelity	23,287,800	0	For
EUPAC FUND	2,966,039	6,321,118	Against
Dimensional	7,256,860	0	For
INVESTMENT CO OF AMERICA	6,550,631	583,864	For
JANUS INVESTMENT FUND	5,619,810	0	For
Voya	2,809,438	0	For
PENN SERIES FUNDS INC	2,221,754	0	For
Dixon Mitchell Investment Counsel Inc.	1,992,724	0	For
BNY Mellon	1,896,182	0	For
Legg Mason	1,575,202	0	For
Invesco	635,084	814,239	Against
Franklin Investors Securities Trust	1,350,000	0	For
Close Asset Management Ltd	1,260,948	0	For
State Street	1,116,367	0	For
Putnam	766,168	0	For
American Century	754,603	0	For
JANUS ASPEN SERIES	736,474	0	For
AQR	486,636	0	For
DWS	483,947	0	For
Principal	462,920	0	For
Franklin Templeton	452,449	0	For
First Trust	444,620	0	For

Showing the 25 largest of 74 asset managers. See all 74 in the interactive database.

16. Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration

AUDIT-RELATED

Meeting held 2025-05-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.2%

The 72 asset managers below cast 100% of the shares they voted on this item FOR (286,678,633 for, 0 against).

FOR: 286,678,633 (99.2%)ABSTAIN: 2,214,477 (0.8%)

Largest asset managers voting on “Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Abstain	Vote
Capital Group	147,293,069	0	For
Vanguard	37,332,957	0	For
T. Rowe Price	30,677,700	0	For
Fidelity	23,287,800	0	For
EUPAC FUND	9,287,157	0	For
Dimensional	7,256,860	0	For
INVESTMENT CO OF AMERICA	7,134,495	0	For
JANUS INVESTMENT FUND	5,619,810	0	For
Voya	2,809,438	0	For
PENN SERIES FUNDS INC	2,221,754	0	For
BNY Mellon	78,358	1,817,824	Abstain
Legg Mason	1,575,202	0	For
Invesco	1,449,323	0	For
Franklin Investors Securities Trust	1,350,000	0	For
State Street	1,116,367	0	For
Putnam	766,168	0	For
American Century	754,603	0	For
JANUS ASPEN SERIES	736,474	0	For
AQR	486,636	0	For
DWS	483,947	0	For
Principal	163,531	299,389	Abstain
Franklin Templeton	452,449	0	For
First Trust	444,620	0	For
Cohen & Steers	373,190	0	For
Goehring & Rozencwajg Investment Funds	351,840	0	For

Showing the 25 largest of 72 asset managers. See all 72 in the interactive database.

17. TO VOTE ON APPROVING ALL UNALLOCATED STOCK OPTIONS PURSUANT TO THE AMENDED, COMPILED AND RESTRICTED EMPLOYEE STOCK OPTION PLAN OF THE CORPORATION AS MORE PARTICULARLY DESCRIBED IN THE ACCOMPANYING INFORMATION CIRCULAR.

COMPENSATION

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.8%

The 51 asset managers below cast 99.8% of the shares they voted on this item FOR (64,097,275 for, 78,573 against).

FOR: 64,097,275 (99.9%)AGAINST: 78,573 (0.1%)

Largest asset managers voting on “TO VOTE ON APPROVING ALL UNALLOCATED STOCK OPTIONS PURSUANT TO THE AMENDED, COMPILED AND RESTRICTED EMPLOYEE S” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Vote
AMG FUNDS	23,680,000	0	For
BlackRock	11,721,185	0	For
Investment Managers Series Trust	9,189,360	0	For
Jackson National	7,275,195	0	For
John Hancock	4,666,450	0	For
Pacer Funds Trust	1,806,183	0	For
Bridge Builder Trust	1,470,550	0	For
JPMorgan	1,112,182	0	For
Six Circles Trust	527,252	0	For
Allianz	460,882	0	For
PERMANENT PORTFOLIO FAMILY OF FUNDS	450,000	0	For
Calamos	259,490	0	For
TIMOTHY PLAN	157,551	0	For
Amplify ETF Trust	140,411	0	For
HARBOR FUNDS	116,452	0	For
UNIFIED SERIES TRUST	114,910	0	For
DIAMOND HILL FUNDS	101,764	0	For
Cambria ETF Trust	96,231	0	For
Advisors' Inner Circle Fund III	90,420	0	For
SCHWARTZ INVESTMENT TRUST	79,800	0	For
EA Series Trust	0	78,573	Against
PFM Multi-Manager Series Trust	64,970	0	For
Two Roads Shared Trust	58,309	0	For
Northern Lights Fund Trust IV	57,947	0	For
UNITED CAPITAL FINANCIAL ADVISORS, LLC	50,061	0	For

Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.

18. The appointment of PricewaterhouseCoopers LLP, Chartered Accountants, Calgary, Alberta, as auditors of the Corporation for the ensuing year and the authorization of the Audit Committee of the Board of Directors of the Corporation to fix their remuneration.

AUDIT-RELATED

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.6%

The 49 asset managers below cast 99.8% of the shares they voted on this item FOR (63,869,446 for, 113,430 against).

FOR: 63,869,446 (99.6%)AGAINST: 113,430 (0.2%)ABSTAIN: 141,911 (0.2%)

Largest asset managers voting on “The appointment of PricewaterhouseCoopers LLP, Chartered Accountants, Calgary, Alberta, as auditors of the Cor” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Vote
AMG FUNDS	23,680,000	0	0	For
BlackRock	11,721,185	0	0	For
Investment Managers Series Trust	9,189,360	0	0	For
Jackson National	7,275,195	0	0	For
John Hancock	4,666,450	0	0	For
Pacer Funds Trust	1,806,183	0	0	For
Bridge Builder Trust	1,470,550	0	0	For
JPMorgan	1,112,182	0	0	For
Six Circles Trust	527,252	0	0	For
Allianz	460,882	0	0	For
PERMANENT PORTFOLIO FAMILY OF FUNDS	450,000	0	0	For
Calamos	259,490	0	0	For
TIMOTHY PLAN	157,551	0	0	For
Amplify ETF Trust	0	0	140,411	Abstain
HARBOR FUNDS	116,452	0	0	For
UNIFIED SERIES TRUST	114,910	0	0	For
DIAMOND HILL FUNDS	101,764	0	0	For
Cambria ETF Trust	96,231	0	0	For
Advisors' Inner Circle Fund III	0	90,420	0	Against
SCHWARTZ INVESTMENT TRUST	79,800	0	0	For
EA Series Trust	78,573	0	0	For
PFM Multi-Manager Series Trust	64,970	0	0	For
Two Roads Shared Trust	58,309	0	0	For
Northern Lights Fund Trust IV	57,947	0	0	For
LKCM Funds	36,642	0	0	For

Showing the 25 largest of 49 asset managers. See all 49 in the interactive database.

19. DIRECTOR: AMB. GORDON D. GIFFIN

DIRECTOR ELECTIONS

Meeting held 2025-05-08; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 30 asset managers below cast 100% of the shares they voted on this item FOR (50,199,324 for, 0 against).

FOR: 50,199,324 (99.7%)ABSTAIN: 141,911 (0.3%)

Largest asset managers voting on “DIRECTOR: AMB. GORDON D. GIFFIN” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Abstain	Vote
AMG FUNDS	23,680,000	0	For
BlackRock	11,115,003	0	For
Jackson National	7,275,195	0	For
John Hancock	3,982,628	0	For
Pacer Funds Trust	1,164,440	0	For
JPMorgan	1,112,182	0	For
PERMANENT PORTFOLIO FAMILY OF FUNDS	450,000	0	For
Allianz	439,085	0	For
Calamos	259,490	0	For
TIMOTHY PLAN	148,874	0	For
Amplify ETF Trust	0	140,411	Abstain
HARBOR FUNDS	116,452	0	For
UNIFIED SERIES TRUST	114,910	0	For
DIAMOND HILL FUNDS	101,764	0	For
EA Series Trust	78,573	0	For
MASTER INVESTMENT PORTFOLIO	29,517	0	For
Investment Managers Series Trust	27,400	0	For
American Beacon Institutional Funds Trust	26,470	0	For
Lincoln Financial	24,575	0	For
Guardian Variable Products Trust	17,523	0	For
ETF Opportunities Trust	12,287	0	For
RBB FUND, INC.	10,051	0	For
Gateway Trust	6,928	0	For
SPIRIT OF AMERICA INVESTMENT FUND INC	4,000	0	For
CITY NATIONAL ROCHDALE FUNDS	1,787	0	For

Showing the 25 largest of 30 asset managers. See all 30 in the interactive database.

20. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-08; no official results are on file for this meeting.

99.4% fund support · no official result

FOR 99.4%

The 24 asset managers below cast 99.4% of the shares they voted on this item FOR (63,770,850 for, 357,133 against).

FOR: 63,770,850 (99.4%)AGAINST: 357,133 (0.6%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Vote
TD ASSET MANAGEMENT INC	42,545,415	0	For
TD Waterhouse Canada Inc.	7,544,722	0	For
Charles Schwab	5,895,358	0	For
Vanguard	5,688,976	0	For
SEI	753,584	0	For
Russell Investments	613,646	0	For
Hartford	424,906	123,654	For
Regime de rentes du Mouvement Desjardins	0	211,230	Against
LOUISBOURG INVESTMENTS INC.	154,946	0	For
Morningstar Funds Trust	80,645	0	For
Equitable	52,104	0	For
GUINNESS ATKINSON FUNDS	0	10,981	Against
Brighthouse	0	9,802	Against
VanEck ETF Trust	5,981	0	For
Federated Hermes	4,171	0	For
Colony Family Offices, LLC	2,570	0	For
Principal	2,390	0	For
Athena Investment Management	0	1,000	Against
FAYEZ SAROFIM & CO	668	0	For
Triasima Portfolio Management inc.	0	450	Against
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	388	0	For
Cornerstone Investment Partners, LLC	380	0	For
Genus Capital Management Inc.	0	16	Against
MANGROVE PARTNERS IM, LLC	0	0	--

21. ELECTION OF DIRECTOR: AMBASSADOR GORDON D. GIFFIN

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

99.1% fund support · no official result

FOR 99%

The 24 asset managers below cast 99.1% of the shares they voted on this item FOR (13,596,100 for, 113,430 against).

FOR: 13,596,100 (98.6%)AGAINST: 113,430 (0.8%)ABSTAIN: 73,120 (0.5%)

Largest asset managers voting on “ELECTION OF DIRECTOR: AMBASSADOR GORDON D. GIFFIN” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Vote
Investment Managers Series Trust	9,161,960	0	0	For
Bridge Builder Trust	1,470,550	0	0	For
John Hancock	610,702	0	73,120	For
Pacer Funds Trust	641,743	0	0	For
BlackRock	606,182	0	0	For
Six Circles Trust	527,252	0	0	For
Cambria ETF Trust	96,231	0	0	For
Advisors' Inner Circle Fund III	0	90,420	0	Against
SCHWARTZ INVESTMENT TRUST	79,800	0	0	For
PFM Multi-Manager Series Trust	64,970	0	0	For
Two Roads Shared Trust	58,309	0	0	For
Northern Lights Fund Trust IV	57,947	0	0	For
LKCM Funds	36,642	0	0	For
Listed Funds Trust	31,929	0	0	For
Tidal Trust I	30,255	0	0	For
WILSHIRE MUTUAL FUNDS INC	28,882	0	0	For
Investment Managers Series Trust II	25,908	0	0	For
Allianz	21,797	0	0	For
Forethought Variable Insurance Trust	20,205	0	0	For
ETF Series Solutions	0	15,648	0	Against
GPS Funds I	10,258	0	0	For
TIMOTHY PLAN	8,677	0	0	For
NEOS ETF Trust	0	7,362	0	Against
SP Funds Trust	5,901	0	0	For

22. ELECTION OF DIRECTOR: HONOURABLE FRANK J. MCKENNA

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

99.1% fund support · no official result

FOR 99%

The 24 asset managers below cast 99.1% of the shares they voted on this item FOR (13,596,100 for, 113,430 against).

FOR: 13,596,100 (98.6%)AGAINST: 113,430 (0.8%)ABSTAIN: 73,120 (0.5%)

Largest asset managers voting on “ELECTION OF DIRECTOR: HONOURABLE FRANK J. MCKENNA” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Vote
Investment Managers Series Trust	9,161,960	0	0	For
Bridge Builder Trust	1,470,550	0	0	For
John Hancock	610,702	0	73,120	For
Pacer Funds Trust	641,743	0	0	For
BlackRock	606,182	0	0	For
Six Circles Trust	527,252	0	0	For
Cambria ETF Trust	96,231	0	0	For
Advisors' Inner Circle Fund III	0	90,420	0	Against
SCHWARTZ INVESTMENT TRUST	79,800	0	0	For
PFM Multi-Manager Series Trust	64,970	0	0	For
Two Roads Shared Trust	58,309	0	0	For
Northern Lights Fund Trust IV	57,947	0	0	For
LKCM Funds	36,642	0	0	For
Listed Funds Trust	31,929	0	0	For
Tidal Trust I	30,255	0	0	For
WILSHIRE MUTUAL FUNDS INC	28,882	0	0	For
Investment Managers Series Trust II	25,908	0	0	For
Allianz	21,797	0	0	For
Forethought Variable Insurance Trust	20,205	0	0	For
ETF Series Solutions	0	15,648	0	Against
GPS Funds I	10,258	0	0	For
TIMOTHY PLAN	8,677	0	0	For
NEOS ETF Trust	0	7,362	0	Against
SP Funds Trust	5,901	0	0	For

23. Stock Option Plan Renewal

COMPENSATION

Meeting held 2025-05-08; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 16 asset managers below cast 99.9% of the shares they voted on this item FOR (13,822,200 for, 35 against).

FOR: 13,822,200 (100.0%)AGAINST: 35 (0.0%)

Largest asset managers voting on “Stock Option Plan Renewal” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Vote
Charles Schwab	5,895,358	0	For
Vanguard	5,688,976	0	For
SEI	753,584	0	For
Russell Investments	613,646	0	For
Hartford	548,560	0	For
LOUISBOURG INVESTMENTS INC.	154,946	0	For
Morningstar Funds Trust	80,645	0	For
Equitable	52,104	0	For
GUINNESS ATKINSON FUNDS	10,981	0	For
Brighthouse	9,802	0	For
VanEck ETF Trust	5,981	0	For
Federated Hermes	4,171	0	For
Principal	2,390	0	For
FAYEZ SAROFIM & CO	668	0	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	388	0	For
Genus Capital Management Inc.	0	35	Against

24. Appointment of Auditor and Authority to Set Fees

AUDIT-RELATED

Meeting held 2025-05-08; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99%

The 12 asset managers below cast 99.9% of the shares they voted on this item FOR (13,521,761 for, 10,981 against).

FOR: 13,521,761 (98.9%)AGAINST: 10,981 (0.1%)ABSTAIN: 133,456 (1.0%)

Largest asset managers voting on “Appointment of Auditor and Authority to Set Fees” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Vote
Charles Schwab	5,895,358	0	0	For
Vanguard	5,688,976	0	0	For
SEI	753,584	0	0	For
Russell Investments	613,646	0	0	For
Hartford	424,906	0	123,654	For
Morningstar Funds Trust	80,645	0	0	For
Equitable	52,104	0	0	For
GUINNESS ATKINSON FUNDS	0	10,981	0	Against
Brighthouse	0	0	9,802	Abstain
VanEck ETF Trust	5,981	0	0	For
Federated Hermes	4,171	0	0	For
Principal	2,390	0	0	For

25. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-08; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.1%

The 8 asset managers below cast 100% of the shares they voted on this item FOR (55,857 for, 0 against).

FOR: 55,857 (99.1%)NOT VOTED: 504 (0.9%)

Largest asset managers voting on “14A Executive Compensation” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Vote
Interval Partners, LP	25,539	For
MQS Management LLC	15,025	For
Wallington Asset Management, LLC	13,025	For
Claret Asset Management Corp	1,921	For
LEAVELL INVESTMENT MANAGEMENT, INC.	0	Not Voted
Baker Avenue Asset Management, LP	203	For
Inlet Private Wealth, LLC	144	For
Focus Partners Wealth	0	--

26. On an advisory basis, accepting the Corporation's approach to executive compensation as described in the Information Circular.

SECTION 14A SAY-ON-PAY VOTES

Reported under meeting date 2024-05-02; no official results on file for that date (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

100% fund support · no official result

FOR 100%

The 5 asset managers below cast 100% of the shares they voted on this item FOR (120,246 for, 0 against).

FOR: 120,246 (100.0%)

Largest asset managers voting on “On an advisory basis, accepting the Corporation's approach to executive compensation as described in the Infor” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Vote
DIVIDEND ASSETS CAPITAL, LLC	118,704	For
COLDSTREAM CAPITAL MANAGEMENT INC	960	For
VAUGHAN DAVID INVESTMENTS LLC/IL	525	For
Americana Partners, LLC	57	For
Echo45 Advisors LLC	0	--

27. PLEASE NOTE RESOLUTION 1.01 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.01 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

28. PLEASE NOTE RESOLUTION 1.02 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.02 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

29. PLEASE NOTE RESOLUTION 1.03 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.03 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

30. PLEASE NOTE RESOLUTION 1.04 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.04 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

31. PLEASE NOTE RESOLUTION 1.05 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.05 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

32. PLEASE NOTE RESOLUTION 1.06 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.06 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

33. PLEASE NOTE RESOLUTION 1.07 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.07 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

34. PLEASE NOTE RESOLUTION 1.08 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.08 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

35. PLEASE NOTE RESOLUTION 1.09 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.09 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

36. PLEASE NOTE RESOLUTION 1.10 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.10 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

37. PLEASE NOTE RESOLUTION 1.11 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.11 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

38. PLEASE NOTE RESOLUTION 1.12 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.12 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

39. PLEASE NOTE RESOLUTION 2 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 2 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

40. PLEASE NOTE RESOLUTION 3 'IN FAVOR' OR 'AGAINST' ARE THE ONLY AVAILABLE VOTING OPTIONS

OTHER

Meeting held 2025-05-08; no official results are on file for this meeting.

— fund support · no official result

UNKNOWN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

UNKNOWN: 25,908 (100.0%)

Largest asset managers voting on “PLEASE NOTE RESOLUTION 3 'IN FAVOR' OR 'AGAINST' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Investment Managers Series Trust II	0	0	0	0	Unknown
Northern Lights Fund Trust IV	0	0	0	0	--

Showing the 40 reported items with the widest manager coverage, of 41 in total. View every item.

Largest CANADIAN NATURAL RESOURCES LTD. shareholders voting in 2024-2025

Ranked by the number of CANADIAN NATURAL RESOURCES LTD. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 2,102,996,000 shares outstanding at the time of that meeting.

Top CANADIAN NATURAL RESOURCES LTD. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	BlackRock	4.02%
2	1832 Asset Management L.P.	1.55%
3	AMG FUNDS	1.13%
4	WCM INVESTMENT MANAGEMENT, LLC	0.57%
5	SCOTIA CAPITAL INC.	0.53%
6	Investment Managers Series Trust	0.44%
7	Jackson National	0.35%
8	EdgePoint Investment Group Inc.	0.26%
9	John Hancock	0.22%
10	Northern Trust	0.18%

Reported CANADIAN NATURAL RESOURCES LTD. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

CANADIAN NATURAL RESOURCES LTD. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Capital World Investors	9.98%	13G
Vanguard Group	4.17%	13F
FMR (Fidelity)	3.18%	13F
Goldman Sachs	1.08%	13F
Morgan Stanley	0.69%	13F
Geode Capital	0.68%	13F
JPMorgan Chase	0.65%	13F
Wellington Management	0.52%	13F
Dimensional Fund Advisors	0.39%	13F
D.E. Shaw	0.35%	13F

Percentages above are of 2,102,996,000 shares outstanding, as reported by CANADIAN NATURAL RESOURCES LTD. on its Form 40-F dated 2024-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from CANADIAN NATURAL RESOURCES LTD.’s 40-F dated 2024-12-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At CANADIAN NATURAL RESOURCES LTD.'s shareholder meeting held 2025-05-08, in the 2024-2025 proxy season, 407 asset managers reported how they voted in their SEC Form N-PX filings, covering 6,066 separate fund positions. Their filings are grouped here into 41 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — On an advisory basis, accepting the Corporation's approach to executive compensation as… — the reporting funds cast 99.7% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

CANADIAN NATURAL RESOURCES LTD. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.