# EDGAR Filing Document

**Accession Number:** 0001017413
**File Stem:** 0001017413-26-000038
**Filing Date:** 2026-6
**Character Count:** 305518
**Document Hash:** eacec7608e326d7d0bea9d78bb464e60
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001017413-26-000038.hdr.sgml**: 20260623

**ACCESSION NUMBER**: 0001017413-26-000038

**CONFORMED SUBMISSION TYPE**: SD

**PUBLIC DOCUMENT COUNT**: 13

**FILED AS OF DATE**: 20260623

**DATE AS OF CHANGE**: 20260623

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CANADIAN NATURAL RESOURCES Ltd
- **CENTRAL INDEX KEY:** 0001017413
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SD
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-12138
- **FILM NUMBER:** 261111383

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 400 4 AVENUE SW
- **CITY:** CALGARY
- **PROVINCE COUNTRY:** A0
- **ZIP:** T2P 0J4
- **BUSINESS PHONE:** 403-517-6700

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 400 4 AVENUE SW
- **CITY:** CALGARY
- **PROVINCE COUNTRY:** A0
- **ZIP:** T2P 0J4

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CANADIAN NATURAL RESOURCES LTD
- **DATE OF NAME CHANGE:** 19960621

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM SD

SPECIALIZED DISCLOSURE REPORT

**CANADIAN NATURAL RESOURCES LIMITED**

(Exact name of the registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **CANADA** | **333-12138** | **Not Applicable** |
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| **400 4 Avenue S.W., Calgary, Alberta T2P 0J4** | **400 4 Avenue S.W., Calgary, Alberta T2P 0J4** | **400 4 Avenue S.W., Calgary, Alberta T2P 0J4** |
| (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) |
|  | **Stephanie A. Graham** |  |
|  | **403-260-6120** |  |
| (Name and telephone number, including area code, of the person to contact in connection with this report) | (Name and telephone number, including area code, of the person to contact in connection with this report) | (Name and telephone number, including area code, of the person to contact in connection with this report) |

---

Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:

---

| | |
|:---|:---|
| | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2025. |
| **X** | Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2025. |

---

------

**SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE**

**Item 2.01 Resource Extraction Issuer Disclosure Report**

This Form SD of Canadian Natural Resources Limited (the "Company") is filed pursuant to the alternative reporting provision, Rule 13q-1 under the Securities Exchange Act of 1934, as amended. The Company's annual resource extraction report ("Annual ESTMA Report") for the year ended December 31, 2025, which contains the payment disclosure required by Form SD, was prepared in compliance with Canada's Extractive Sector Transparency Measures Act. A copy of the Annual ESTMA Report is attached hereto and is publicly available at https://www.cnrl.com/sustainability/payments-to-governments/.

**SECTION 3 – EXHIBITS**

**Item 3.01 Exhibits**

---

| | |
|:---|:---|
| <u>Exhibit Number</u> | <u>Description</u> |
| 2.01 | <u>[Extractive Sector Transparency Measures Act - Annual ESTMA Report](cnq-20251231.htm)</u> |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.

---

| | |
|:---|:---|
| **Canadian Natural Resources Limited** | |
| (Registrant) | |
| **/s/ Victor C. Darel** | **June 23, 2026** |
| By Victor C. Darel | (Date) |
| Chief Financial Officer | |

---

## Exhibit 2.01

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100000 11190000 11190000 7080000 7080000 6160000 6160000 3450000 3450000 3250000 3250000 3180000 3180000 1880000 1880000 1580000 1580000 530000 10000 870000 1410000 1040000 1040000 970000 970000 760000 760000 430000 250000 680000 580000 580000 430000 430000 20000 390000 410000 400000 400000 390000 390000 90000 260000 350000 280000 280000 260000 260000 240000 240000 230000 230000 200000 200000 160000 160000 140000 140000 130000 130000 130000 130000 110000 110000 100000 100000 13480000 13480000 180000 3010000 3190000 21450000 72050000 38660000 132160000 52950000 300850000 33050000 7400000 394250000 150180000 2007090000 71360000 21090000 2249720000 53850000 92480000 44050000 30000 190410000 132210000 3180980000 68970000 3382160000 1782200000 180000 1782380000 6050000 6050000 7430000 7430000 180000 3010000 3190000 2193020000 5653450000 259280000 13480000 28520000 8147750000

Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.

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.

Production entitlement volumes and values are determined according to the related production sharing contracts.

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.

Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.

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.

Production entitlement volumes and values are determined according to the related production sharing contracts.

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.

## Exhibit 2.01

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          <link:label id="lab_cnq_ElizabethMetisSettlementMember_label_en-US" xlink:label="lab_cnq_ElizabethMetisSettlementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Elizabeth Métis Settlement [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_ElizabethMetisSettlementMember" xlink:href="cnq-20251231.xsd#cnq_ElizabethMetisSettlementMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_ElizabethMetisSettlementMember" xlink:to="lab_cnq_ElizabethMetisSettlementMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_HisMajestysGovernmentMember_label_en-US" xlink:label="lab_cnq_HisMajestysGovernmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">His Majesty's Government [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_HisMajestysGovernmentMember" xlink:href="cnq-20251231.xsd#cnq_HisMajestysGovernmentMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_HisMajestysGovernmentMember" xlink:to="lab_cnq_HisMajestysGovernmentMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_GovernmentOfCanadaMember_label_en-US" xlink:label="lab_cnq_GovernmentOfCanadaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Government of Canada [Member]</link:label>
          <link:label id="lab_cnq_GovernmentOfCanadaMember_documentation_en-US" xlink:label="lab_cnq_GovernmentOfCanadaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Government of Canada</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_GovernmentOfCanadaMember" xlink:href="cnq-20251231.xsd#cnq_GovernmentOfCanadaMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_GovernmentOfCanadaMember" xlink:to="lab_cnq_GovernmentOfCanadaMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MunicipalDistrictOfStarlandCountyMember_label_en-US" xlink:label="lab_cnq_MunicipalDistrictOfStarlandCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipal District of Starland County [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MunicipalDistrictOfStarlandCountyMember" xlink:href="cnq-20251231.xsd#cnq_MunicipalDistrictOfStarlandCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MunicipalDistrictOfStarlandCountyMember" xlink:to="lab_cnq_MunicipalDistrictOfStarlandCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_ProvinceOfBritishColumbiaMember_label_en-US" xlink:label="lab_cnq_ProvinceOfBritishColumbiaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Province of British Columbia [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_ProvinceOfBritishColumbiaMember" xlink:href="cnq-20251231.xsd#cnq_ProvinceOfBritishColumbiaMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_ProvinceOfBritishColumbiaMember" xlink:to="lab_cnq_ProvinceOfBritishColumbiaMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_BigLakesCountyMember_label_en-US" xlink:label="lab_cnq_BigLakesCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Big Lakes County [Member]</link:label>
          <link:label id="lab_cnq_BigLakesCountyMember_documentation_en-US" xlink:label="lab_cnq_BigLakesCountyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Big Lakes County</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_BigLakesCountyMember" xlink:href="cnq-20251231.xsd#cnq_BigLakesCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_BigLakesCountyMember" xlink:to="lab_cnq_BigLakesCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_SaddleLakeCreeNationMember_label_en-US" xlink:label="lab_cnq_SaddleLakeCreeNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Saddle Lake Cree Nation [Member]</link:label>
          <link:label id="lab_cnq_SaddleLakeCreeNationMember_documentation_en-US" xlink:label="lab_cnq_SaddleLakeCreeNationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Saddle Lake Cree Nation</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_SaddleLakeCreeNationMember" xlink:href="cnq-20251231.xsd#cnq_SaddleLakeCreeNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_SaddleLakeCreeNationMember" xlink:to="lab_cnq_SaddleLakeCreeNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfReciprocityNo.32Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfReciprocityNo.32Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Reciprocity No. 32 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfReciprocityNo.32Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfReciprocityNo.32Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfReciprocityNo.32Member" xlink:to="lab_cnq_RuralMunicipalityOfReciprocityNo.32Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_BaobabMember_label_en-US" xlink:label="lab_cnq_BaobabMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Baobab [Member]</link:label>
          <link:label id="lab_cnq_BaobabMember_documentation_en-US" xlink:label="lab_cnq_BaobabMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Baobab</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_BaobabMember" xlink:href="cnq-20251231.xsd#cnq_BaobabMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_BaobabMember" xlink:to="lab_cnq_BaobabMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MunicipalityDistrictOfSmokyRiverNo.130Member_label_en-US" xlink:label="lab_cnq_MunicipalityDistrictOfSmokyRiverNo.130Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipality District of Smoky River No. 130 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MunicipalityDistrictOfSmokyRiverNo.130Member" xlink:href="cnq-20251231.xsd#cnq_MunicipalityDistrictOfSmokyRiverNo.130Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MunicipalityDistrictOfSmokyRiverNo.130Member" xlink:to="lab_cnq_MunicipalityDistrictOfSmokyRiverNo.130Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_ProvinceOfAlbertaMember_label_en-US" xlink:label="lab_cnq_ProvinceOfAlbertaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Province of Alberta [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_ProvinceOfAlbertaMember" xlink:href="cnq-20251231.xsd#cnq_ProvinceOfAlbertaMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_ProvinceOfAlbertaMember" xlink:to="lab_cnq_ProvinceOfAlbertaMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfTecumsehNo.65Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfTecumsehNo.65Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Tecumseh No. 65 [Member]</link:label>
          <link:label id="lab_cnq_RuralMunicipalityOfTecumsehNo.65Member_documentation_en-US" xlink:label="lab_cnq_RuralMunicipalityOfTecumsehNo.65Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rural Municipality of Tecumseh No. 65</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfTecumsehNo.65Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfTecumsehNo.65Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfTecumsehNo.65Member" xlink:to="lab_cnq_RuralMunicipalityOfTecumsehNo.65Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfMervinNo.499Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfMervinNo.499Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Mervin No. 499 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfMervinNo.499Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfMervinNo.499Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfMervinNo.499Member" xlink:to="lab_cnq_RuralMunicipalityOfMervinNo.499Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_LacombeCountyMember_label_en-US" xlink:label="lab_cnq_LacombeCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lacombe County [Member]</link:label>
          <link:label id="lab_cnq_LacombeCountyMember_documentation_en-US" xlink:label="lab_cnq_LacombeCountyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lacombe County</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_LacombeCountyMember" xlink:href="cnq-20251231.xsd#cnq_LacombeCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_LacombeCountyMember" xlink:to="lab_cnq_LacombeCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MunicipalDistrictOfSmokyRiverNo.130Member_label_en-US" xlink:label="lab_cnq_MunicipalDistrictOfSmokyRiverNo.130Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipal District of Smoky River No. 130 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MunicipalDistrictOfSmokyRiverNo.130Member" xlink:href="cnq-20251231.xsd#cnq_MunicipalDistrictOfSmokyRiverNo.130Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MunicipalDistrictOfSmokyRiverNo.130Member" xlink:to="lab_cnq_MunicipalDistrictOfSmokyRiverNo.130Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_PonokaCountyMember_label_en-US" xlink:label="lab_cnq_PonokaCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ponoka County [Member]</link:label>
          <link:label id="lab_cnq_PonokaCountyMember_documentation_en-US" xlink:label="lab_cnq_PonokaCountyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ponoka County</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_PonokaCountyMember" xlink:href="cnq-20251231.xsd#cnq_PonokaCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_PonokaCountyMember" xlink:to="lab_cnq_PonokaCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_FortMcKayMetisNationMember_label_en-US" xlink:label="lab_cnq_FortMcKayMetisNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fort McKay Métis Nation [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_FortMcKayMetisNationMember" xlink:href="cnq-20251231.xsd#cnq_FortMcKayMetisNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_FortMcKayMetisNationMember" xlink:to="lab_cnq_FortMcKayMetisNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfEnniskillenNo.3Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfEnniskillenNo.3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Enniskillen No. 3 [Member]</link:label>
          <link:label id="lab_cnq_RuralMunicipalityOfEnniskillenNo.3Member_documentation_en-US" xlink:label="lab_cnq_RuralMunicipalityOfEnniskillenNo.3Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rural Municipality of Enniskillen No. 3</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfEnniskillenNo.3Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfEnniskillenNo.3Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfEnniskillenNo.3Member" xlink:to="lab_cnq_RuralMunicipalityOfEnniskillenNo.3Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_OwlRiverMetisLocal1949Member_label_en-US" xlink:label="lab_cnq_OwlRiverMetisLocal1949Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Owl River Métis Local #1949 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_OwlRiverMetisLocal1949Member" xlink:href="cnq-20251231.xsd#cnq_OwlRiverMetisLocal1949Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_OwlRiverMetisLocal1949Member" xlink:to="lab_cnq_OwlRiverMetisLocal1949Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfTurtleRiverNo.469Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfTurtleRiverNo.469Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Turtle River No. 469 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfTurtleRiverNo.469Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfTurtleRiverNo.469Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfTurtleRiverNo.469Member" xlink:to="lab_cnq_RuralMunicipalityOfTurtleRiverNo.469Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_WetaskiwinCountyNo.10Member_label_en-US" xlink:label="lab_cnq_WetaskiwinCountyNo.10Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Wetaskiwin County No. 10 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_WetaskiwinCountyNo.10Member" xlink:href="cnq-20251231.xsd#cnq_WetaskiwinCountyNo.10Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_WetaskiwinCountyNo.10Member" xlink:to="lab_cnq_WetaskiwinCountyNo.10Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfChesterfieldNo.261Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfChesterfieldNo.261Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Chesterfield No. 261 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfChesterfieldNo.261Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfChesterfieldNo.261Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfChesterfieldNo.261Member" xlink:to="lab_cnq_RuralMunicipalityOfChesterfieldNo.261Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CountyOfNorthernLightsMember_label_en-US" xlink:label="lab_cnq_CountyOfNorthernLightsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">County of Northern Lights [Member]</link:label>
          <link:label id="lab_cnq_CountyOfNorthernLightsMember_documentation_en-US" xlink:label="lab_cnq_CountyOfNorthernLightsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">County of Northern Lights</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CountyOfNorthernLightsMember" xlink:href="cnq-20251231.xsd#cnq_CountyOfNorthernLightsMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CountyOfNorthernLightsMember" xlink:to="lab_cnq_CountyOfNorthernLightsMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_ProvinceOfSaskatchewanMember_label_en-US" xlink:label="lab_cnq_ProvinceOfSaskatchewanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Province of Saskatchewan [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_ProvinceOfSaskatchewanMember" xlink:href="cnq-20251231.xsd#cnq_ProvinceOfSaskatchewanMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_ProvinceOfSaskatchewanMember" xlink:to="lab_cnq_ProvinceOfSaskatchewanMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_StettlerCountyNo.6Member_label_en-US" xlink:label="lab_cnq_StettlerCountyNo.6Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stettler County No. 6 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_StettlerCountyNo.6Member" xlink:href="cnq-20251231.xsd#cnq_StettlerCountyNo.6Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_StettlerCountyNo.6Member" xlink:to="lab_cnq_StettlerCountyNo.6Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MunicipalDistrictOfWillowCreekNo.26Member_label_en-US" xlink:label="lab_cnq_MunicipalDistrictOfWillowCreekNo.26Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipal District of Willow Creek No. 26 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MunicipalDistrictOfWillowCreekNo.26Member" xlink:href="cnq-20251231.xsd#cnq_MunicipalDistrictOfWillowCreekNo.26Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MunicipalDistrictOfWillowCreekNo.26Member" xlink:to="lab_cnq_MunicipalDistrictOfWillowCreekNo.26Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_NorthSeaMember_label_en-US" xlink:label="lab_cnq_NorthSeaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">North Sea [Member]</link:label>
          <link:label id="lab_cnq_NorthSeaMember_documentation_en-US" xlink:label="lab_cnq_NorthSeaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">North Sea</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_NorthSeaMember" xlink:href="cnq-20251231.xsd#cnq_NorthSeaMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_NorthSeaMember" xlink:to="lab_cnq_NorthSeaMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_SouthernPlainsAndSoutheastSaskatchewanMember_label_en-US" xlink:label="lab_cnq_SouthernPlainsAndSoutheastSaskatchewanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Southern Plains and Southeast Saskatchewan [Member]</link:label>
          <link:label id="lab_cnq_SouthernPlainsAndSoutheastSaskatchewanMember_documentation_en-US" xlink:label="lab_cnq_SouthernPlainsAndSoutheastSaskatchewanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Southern Plains and Southeast Saskatchewan</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_SouthernPlainsAndSoutheastSaskatchewanMember" xlink:href="cnq-20251231.xsd#cnq_SouthernPlainsAndSoutheastSaskatchewanMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_SouthernPlainsAndSoutheastSaskatchewanMember" xlink:to="lab_cnq_SouthernPlainsAndSoutheastSaskatchewanMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_BeaverLakeCreeNationMember_label_en-US" xlink:label="lab_cnq_BeaverLakeCreeNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Beaver Lake Cree Nation [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_BeaverLakeCreeNationMember" xlink:href="cnq-20251231.xsd#cnq_BeaverLakeCreeNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_BeaverLakeCreeNationMember" xlink:to="lab_cnq_BeaverLakeCreeNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CountyOfNewellNo.4Member_label_en-US" xlink:label="lab_cnq_CountyOfNewellNo.4Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">County of Newell No. 4 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CountyOfNewellNo.4Member" xlink:href="cnq-20251231.xsd#cnq_CountyOfNewellNo.4Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CountyOfNewellNo.4Member" xlink:to="lab_cnq_CountyOfNewellNo.4Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_FortMcMurrayMetisLocal1935Member_label_en-US" xlink:label="lab_cnq_FortMcMurrayMetisLocal1935Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fort McMurray Métis Local 1935 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_FortMcMurrayMetisLocal1935Member" xlink:href="cnq-20251231.xsd#cnq_FortMcMurrayMetisLocal1935Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_FortMcMurrayMetisLocal1935Member" xlink:to="lab_cnq_FortMcMurrayMetisLocal1935Member" xlink:type="arc" order="1"/>
          <link:label id="lab_country_GB_label_en-US" xlink:label="lab_country_GB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UNITED KINGDOM</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_country_GB" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_GB"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_GB" xlink:to="lab_country_GB" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CountyOfLethbridgeNo.26Member_label_en-US" xlink:label="lab_cnq_CountyOfLethbridgeNo.26Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">County of Lethbridge No. 26 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CountyOfLethbridgeNo.26Member" xlink:href="cnq-20251231.xsd#cnq_CountyOfLethbridgeNo.26Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CountyOfLethbridgeNo.26Member" xlink:to="lab_cnq_CountyOfLethbridgeNo.26Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MunicipalDistrictOfFoothillsNo.31Member_label_en-US" xlink:label="lab_cnq_MunicipalDistrictOfFoothillsNo.31Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipal District of Foothills No. 31 [Member]</link:label>
          <link:label id="lab_cnq_MunicipalDistrictOfFoothillsNo.31Member_documentation_en-US" xlink:label="lab_cnq_MunicipalDistrictOfFoothillsNo.31Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Municipal District of Foothills No. 31</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MunicipalDistrictOfFoothillsNo.31Member" xlink:href="cnq-20251231.xsd#cnq_MunicipalDistrictOfFoothillsNo.31Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MunicipalDistrictOfFoothillsNo.31Member" xlink:to="lab_cnq_MunicipalDistrictOfFoothillsNo.31Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfMooseCreekNo.33Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfMooseCreekNo.33Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Moose Creek No. 33 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfMooseCreekNo.33Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfMooseCreekNo.33Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfMooseCreekNo.33Member" xlink:to="lab_cnq_RuralMunicipalityOfMooseCreekNo.33Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CountyOfGrandePrairieNo.1Member_label_en-US" xlink:label="lab_cnq_CountyOfGrandePrairieNo.1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">County of Grande Prairie No. 1 [Member]</link:label>
          <link:label id="lab_cnq_CountyOfGrandePrairieNo.1Member_documentation_en-US" xlink:label="lab_cnq_CountyOfGrandePrairieNo.1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">County of Grande Prairie No. 1</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CountyOfGrandePrairieNo.1Member" xlink:href="cnq-20251231.xsd#cnq_CountyOfGrandePrairieNo.1Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CountyOfGrandePrairieNo.1Member" xlink:to="lab_cnq_CountyOfGrandePrairieNo.1Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfEnterpriseNo.142Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfEnterpriseNo.142Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Enterprise No. 142 [Member]</link:label>
          <link:label id="lab_cnq_RuralMunicipalityOfEnterpriseNo.142Member_documentation_en-US" xlink:label="lab_cnq_RuralMunicipalityOfEnterpriseNo.142Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rural Municipality of Enterprise No. 142</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfEnterpriseNo.142Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfEnterpriseNo.142Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfEnterpriseNo.142Member" xlink:to="lab_cnq_RuralMunicipalityOfEnterpriseNo.142Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_ConklinMetisLocal193Member_label_en-US" xlink:label="lab_cnq_ConklinMetisLocal193Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Conklin Métis Local #193 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_ConklinMetisLocal193Member" xlink:href="cnq-20251231.xsd#cnq_ConklinMetisLocal193Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_ConklinMetisLocal193Member" xlink:to="lab_cnq_ConklinMetisLocal193Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfEldonNo.471Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfEldonNo.471Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Eldon No. 471 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfEldonNo.471Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfEldonNo.471Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfEldonNo.471Member" xlink:to="lab_cnq_RuralMunicipalityOfEldonNo.471Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_DistrictMunicipalityOfTumblerRidgeMember_label_en-US" xlink:label="lab_cnq_DistrictMunicipalityOfTumblerRidgeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">District Municipality of Tumbler Ridge [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_DistrictMunicipalityOfTumblerRidgeMember" xlink:href="cnq-20251231.xsd#cnq_DistrictMunicipalityOfTumblerRidgeMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_DistrictMunicipalityOfTumblerRidgeMember" xlink:to="lab_cnq_DistrictMunicipalityOfTumblerRidgeMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CountyOfFortyMileNo.8Member_label_en-US" xlink:label="lab_cnq_CountyOfFortyMileNo.8Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">County of Forty Mile No. 8 [Member]</link:label>
          <link:label id="lab_cnq_CountyOfFortyMileNo.8Member_documentation_en-US" xlink:label="lab_cnq_CountyOfFortyMileNo.8Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">County of Forty Mile No. 8</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CountyOfFortyMileNo.8Member" xlink:href="cnq-20251231.xsd#cnq_CountyOfFortyMileNo.8Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CountyOfFortyMileNo.8Member" xlink:to="lab_cnq_CountyOfFortyMileNo.8Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_OilSandsMiningAndUpgradingMember_label_en-US" xlink:label="lab_cnq_OilSandsMiningAndUpgradingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oil Sands Mining and Upgrading [Member]</link:label>
          <link:label id="lab_cnq_OilSandsMiningAndUpgradingMember_documentation_en-US" xlink:label="lab_cnq_OilSandsMiningAndUpgradingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Oil Sands Mining and Upgrading</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_OilSandsMiningAndUpgradingMember" xlink:href="cnq-20251231.xsd#cnq_OilSandsMiningAndUpgradingMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_OilSandsMiningAndUpgradingMember" xlink:to="lab_cnq_OilSandsMiningAndUpgradingMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MunicipalDistrictOfWainwrightNo.61Member_label_en-US" xlink:label="lab_cnq_MunicipalDistrictOfWainwrightNo.61Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipal District of Wainwright No. 61 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MunicipalDistrictOfWainwrightNo.61Member" xlink:href="cnq-20251231.xsd#cnq_MunicipalDistrictOfWainwrightNo.61Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MunicipalDistrictOfWainwrightNo.61Member" xlink:to="lab_cnq_MunicipalDistrictOfWainwrightNo.61Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_ChipewyanPrairieFirstNationMember_label_en-US" xlink:label="lab_cnq_ChipewyanPrairieFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Chipewyan Prairie First Nation [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_ChipewyanPrairieFirstNationMember" xlink:href="cnq-20251231.xsd#cnq_ChipewyanPrairieFirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_ChipewyanPrairieFirstNationMember" xlink:to="lab_cnq_ChipewyanPrairieFirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_AthabascaChipewyanFirstNationMember_label_en-US" xlink:label="lab_cnq_AthabascaChipewyanFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Athabasca Chipewyan First Nation [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_AthabascaChipewyanFirstNationMember" xlink:href="cnq-20251231.xsd#cnq_AthabascaChipewyanFirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_AthabascaChipewyanFirstNationMember" xlink:to="lab_cnq_AthabascaChipewyanFirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_FortMcKayBareTrustMember_label_en-US" xlink:label="lab_cnq_FortMcKayBareTrustMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fort McKay Bare Trust [Member]</link:label>
          <link:label id="lab_cnq_FortMcKayBareTrustMember_documentation_en-US" xlink:label="lab_cnq_FortMcKayBareTrustMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fort McKay Bare Trust</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_FortMcKayBareTrustMember" xlink:href="cnq-20251231.xsd#cnq_FortMcKayBareTrustMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_FortMcKayBareTrustMember" xlink:to="lab_cnq_FortMcKayBareTrustMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_ClearHillsCountyMember_label_en-US" xlink:label="lab_cnq_ClearHillsCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Clear Hills County [Member]</link:label>
          <link:label id="lab_cnq_ClearHillsCountyMember_documentation_en-US" xlink:label="lab_cnq_ClearHillsCountyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Clear Hills County</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_ClearHillsCountyMember" xlink:href="cnq-20251231.xsd#cnq_ClearHillsCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_ClearHillsCountyMember" xlink:to="lab_cnq_ClearHillsCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_EspoirMember_label_en-US" xlink:label="lab_cnq_EspoirMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Espoir [Member]</link:label>
          <link:label id="lab_cnq_EspoirMember_documentation_en-US" xlink:label="lab_cnq_EspoirMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Espoir</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_EspoirMember" xlink:href="cnq-20251231.xsd#cnq_EspoirMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_EspoirMember" xlink:to="lab_cnq_EspoirMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_KaiTaileDenesolineTrustMember_label_en-US" xlink:label="lab_cnq_KaiTaileDenesolineTrustMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Kai Taile Denesoline Trust [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_KaiTaileDenesolineTrustMember" xlink:href="cnq-20251231.xsd#cnq_KaiTaileDenesolineTrustMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_KaiTaileDenesolineTrustMember" xlink:to="lab_cnq_KaiTaileDenesolineTrustMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CountyOfVermilionRiverNo.24Member_label_en-US" xlink:label="lab_cnq_CountyOfVermilionRiverNo.24Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">County of Vermilion River No. 24 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CountyOfVermilionRiverNo.24Member" xlink:href="cnq-20251231.xsd#cnq_CountyOfVermilionRiverNo.24Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CountyOfVermilionRiverNo.24Member" xlink:to="lab_cnq_CountyOfVermilionRiverNo.24Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MunicipalityOfTwoBordersMember_label_en-US" xlink:label="lab_cnq_MunicipalityOfTwoBordersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipality of Two Borders [Member]</link:label>
          <link:label id="lab_cnq_MunicipalityOfTwoBordersMember_documentation_en-US" xlink:label="lab_cnq_MunicipalityOfTwoBordersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Municipality of Two Borders</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MunicipalityOfTwoBordersMember" xlink:href="cnq-20251231.xsd#cnq_MunicipalityOfTwoBordersMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MunicipalityOfTwoBordersMember" xlink:to="lab_cnq_MunicipalityOfTwoBordersMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MunicipalDistrictOfBonnyvilleNo.87Member_label_en-US" xlink:label="lab_cnq_MunicipalDistrictOfBonnyvilleNo.87Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipal District of Bonnyville No.87 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MunicipalDistrictOfBonnyvilleNo.87Member" xlink:href="cnq-20251231.xsd#cnq_MunicipalDistrictOfBonnyvilleNo.87Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MunicipalDistrictOfBonnyvilleNo.87Member" xlink:to="lab_cnq_MunicipalDistrictOfBonnyvilleNo.87Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfCymriNo.36Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfCymriNo.36Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Cymri No. 36 [Member]</link:label>
          <link:label id="lab_cnq_RuralMunicipalityOfCymriNo.36Member_documentation_en-US" xlink:label="lab_cnq_RuralMunicipalityOfCymriNo.36Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rural Municipality of Cymri No. 36</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfCymriNo.36Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfCymriNo.36Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfCymriNo.36Member" xlink:to="lab_cnq_RuralMunicipalityOfCymriNo.36Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_TownOfDrumhellerMember_label_en-US" xlink:label="lab_cnq_TownOfDrumhellerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Town of Drumheller [Member]</link:label>
          <link:label id="lab_cnq_TownOfDrumhellerMember_documentation_en-US" xlink:label="lab_cnq_TownOfDrumhellerMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Town of Drumheller</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_TownOfDrumhellerMember" xlink:href="cnq-20251231.xsd#cnq_TownOfDrumhellerMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_TownOfDrumhellerMember" xlink:to="lab_cnq_TownOfDrumhellerMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfCoalfieldsNo.4Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfCoalfieldsNo.4Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Coalfields No. 4 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfCoalfieldsNo.4Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfCoalfieldsNo.4Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfCoalfieldsNo.4Member" xlink:to="lab_cnq_RuralMunicipalityOfCoalfieldsNo.4Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CountyOfPaintearthNo.18Member_label_en-US" xlink:label="lab_cnq_CountyOfPaintearthNo.18Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">County of Paintearth No. 18 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CountyOfPaintearthNo.18Member" xlink:href="cnq-20251231.xsd#cnq_CountyOfPaintearthNo.18Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CountyOfPaintearthNo.18Member" xlink:to="lab_cnq_CountyOfPaintearthNo.18Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_DistrictOfChetwyndMember_label_en-US" xlink:label="lab_cnq_DistrictOfChetwyndMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">District of Chetwynd [Member]</link:label>
          <link:label id="lab_cnq_DistrictOfChetwyndMember_documentation_en-US" xlink:label="lab_cnq_DistrictOfChetwyndMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">District of Chetwynd</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_DistrictOfChetwyndMember" xlink:href="cnq-20251231.xsd#cnq_DistrictOfChetwyndMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_DistrictOfChetwyndMember" xlink:to="lab_cnq_DistrictOfChetwyndMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfEyeHillNo.382Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfEyeHillNo.382Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Eye Hill No. 382 [Member]</link:label>
          <link:label id="lab_cnq_RuralMunicipalityOfEyeHillNo.382Member_documentation_en-US" xlink:label="lab_cnq_RuralMunicipalityOfEyeHillNo.382Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rural Municipality of Eye Hill No. 382</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfEyeHillNo.382Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfEyeHillNo.382Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfEyeHillNo.382Member" xlink:to="lab_cnq_RuralMunicipalityOfEyeHillNo.382Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MunicipalDistrictOfOpportunityNo.17Member_label_en-US" xlink:label="lab_cnq_MunicipalDistrictOfOpportunityNo.17Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipal District of Opportunity No. 17 [Member]</link:label>
          <link:label id="lab_cnq_MunicipalDistrictOfOpportunityNo.17Member_documentation_en-US" xlink:label="lab_cnq_MunicipalDistrictOfOpportunityNo.17Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Municipal District of Opportunity No. 17</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MunicipalDistrictOfOpportunityNo.17Member" xlink:href="cnq-20251231.xsd#cnq_MunicipalDistrictOfOpportunityNo.17Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MunicipalDistrictOfOpportunityNo.17Member" xlink:to="lab_cnq_MunicipalDistrictOfOpportunityNo.17Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CountyOfWarnerNo.5Member_label_en-US" xlink:label="lab_cnq_CountyOfWarnerNo.5Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">County of Warner No. 5 [Member]</link:label>
          <link:label id="lab_cnq_CountyOfWarnerNo.5Member_documentation_en-US" xlink:label="lab_cnq_CountyOfWarnerNo.5Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">County of Warner No. 5</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CountyOfWarnerNo.5Member" xlink:href="cnq-20251231.xsd#cnq_CountyOfWarnerNo.5Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CountyOfWarnerNo.5Member" xlink:to="lab_cnq_CountyOfWarnerNo.5Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_KneehillCountyMember_label_en-US" xlink:label="lab_cnq_KneehillCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Kneehill County [Member]</link:label>
          <link:label id="lab_cnq_KneehillCountyMember_documentation_en-US" xlink:label="lab_cnq_KneehillCountyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Kneehill County</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_KneehillCountyMember" xlink:href="cnq-20251231.xsd#cnq_KneehillCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_KneehillCountyMember" xlink:to="lab_cnq_KneehillCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfMapleCreekNo.111Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfMapleCreekNo.111Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Maple Creek No. 111 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfMapleCreekNo.111Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfMapleCreekNo.111Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfMapleCreekNo.111Member" xlink:to="lab_cnq_RuralMunicipalityOfMapleCreekNo.111Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_BigstoneCreeNationMember_label_en-US" xlink:label="lab_cnq_BigstoneCreeNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bigstone Cree Nation [Member]</link:label>
          <link:label id="lab_cnq_BigstoneCreeNationMember_documentation_en-US" xlink:label="lab_cnq_BigstoneCreeNationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Bigstone Cree Nation</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_BigstoneCreeNationMember" xlink:href="cnq-20251231.xsd#cnq_BigstoneCreeNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_BigstoneCreeNationMember" xlink:to="lab_cnq_BigstoneCreeNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_ChardMetisNationMember_label_en-US" xlink:label="lab_cnq_ChardMetisNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Chard Métis Nation [Member]</link:label>
          <link:label id="lab_cnq_ChardMetisNationMember_documentation_en-US" xlink:label="lab_cnq_ChardMetisNationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Chard Métis Nation</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_ChardMetisNationMember" xlink:href="cnq-20251231.xsd#cnq_ChardMetisNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_ChardMetisNationMember" xlink:to="lab_cnq_ChardMetisNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_NorthernPlainsMember_label_en-US" xlink:label="lab_cnq_NorthernPlainsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Northern Plains [Member]</link:label>
          <link:label id="lab_cnq_NorthernPlainsMember_documentation_en-US" xlink:label="lab_cnq_NorthernPlainsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Northern Plains</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_NorthernPlainsMember" xlink:href="cnq-20251231.xsd#cnq_NorthernPlainsMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_NorthernPlainsMember" xlink:to="lab_cnq_NorthernPlainsMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_FortChipewyanMetisNationMember_label_en-US" xlink:label="lab_cnq_FortChipewyanMetisNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fort Chipewyan Métis Nation [Member]</link:label>
          <link:label id="lab_cnq_FortChipewyanMetisNationMember_documentation_en-US" xlink:label="lab_cnq_FortChipewyanMetisNationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fort Chipewyan Métis Nation</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_FortChipewyanMetisNationMember" xlink:href="cnq-20251231.xsd#cnq_FortChipewyanMetisNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_FortChipewyanMetisNationMember" xlink:to="lab_cnq_FortChipewyanMetisNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfFrenchmanButteNo.501Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfFrenchmanButteNo.501Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Frenchman Butte No. 501 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfFrenchmanButteNo.501Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfFrenchmanButteNo.501Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfFrenchmanButteNo.501Member" xlink:to="lab_cnq_RuralMunicipalityOfFrenchmanButteNo.501Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_LeducCountyMember_label_en-US" xlink:label="lab_cnq_LeducCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leduc County [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_LeducCountyMember" xlink:href="cnq-20251231.xsd#cnq_LeducCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_LeducCountyMember" xlink:to="lab_cnq_LeducCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_AlbertaSpecialAreasBoardMember_label_en-US" xlink:label="lab_cnq_AlbertaSpecialAreasBoardMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Alberta Special Areas Board [Member]</link:label>
          <link:label id="lab_cnq_AlbertaSpecialAreasBoardMember_documentation_en-US" xlink:label="lab_cnq_AlbertaSpecialAreasBoardMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Alberta Special Areas Board</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_AlbertaSpecialAreasBoardMember" xlink:href="cnq-20251231.xsd#cnq_AlbertaSpecialAreasBoardMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_AlbertaSpecialAreasBoardMember" xlink:to="lab_cnq_AlbertaSpecialAreasBoardMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_ProvinceOfManitobaMember_label_en-US" xlink:label="lab_cnq_ProvinceOfManitobaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Province of Manitoba [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_ProvinceOfManitobaMember" xlink:href="cnq-20251231.xsd#cnq_ProvinceOfManitobaMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_ProvinceOfManitobaMember" xlink:to="lab_cnq_ProvinceOfManitobaMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_FortMcKayFirstNationMember_label_en-US" xlink:label="lab_cnq_FortMcKayFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fort McKay First Nation [Member]</link:label>
          <link:label id="lab_cnq_FortMcKayFirstNationMember_documentation_en-US" xlink:label="lab_cnq_FortMcKayFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fort McKay First Nation</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_FortMcKayFirstNationMember" xlink:href="cnq-20251231.xsd#cnq_FortMcKayFirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_FortMcKayFirstNationMember" xlink:to="lab_cnq_FortMcKayFirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_WoodlandsCountyMember_label_en-US" xlink:label="lab_cnq_WoodlandsCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Woodlands County [Member]</link:label>
          <link:label id="lab_cnq_WoodlandsCountyMember_documentation_en-US" xlink:label="lab_cnq_WoodlandsCountyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Woodlands County</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_WoodlandsCountyMember" xlink:href="cnq-20251231.xsd#cnq_WoodlandsCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_WoodlandsCountyMember" xlink:to="lab_cnq_WoodlandsCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CountyOfAthabascaNo.12Member_label_en-US" xlink:label="lab_cnq_CountyOfAthabascaNo.12Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">County of Athabasca No. 12 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CountyOfAthabascaNo.12Member" xlink:href="cnq-20251231.xsd#cnq_CountyOfAthabascaNo.12Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CountyOfAthabascaNo.12Member" xlink:to="lab_cnq_CountyOfAthabascaNo.12Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_LacLaBicheCountyMember_label_en-US" xlink:label="lab_cnq_LacLaBicheCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lac La Biche County [Member]</link:label>
          <link:label id="lab_cnq_LacLaBicheCountyMember_documentation_en-US" xlink:label="lab_cnq_LacLaBicheCountyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lac La Biche County</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_LacLaBicheCountyMember" xlink:href="cnq-20251231.xsd#cnq_LacLaBicheCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_LacLaBicheCountyMember" xlink:to="lab_cnq_LacLaBicheCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_KikinoMetisSettlementMember_label_en-US" xlink:label="lab_cnq_KikinoMetisSettlementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Kikino Métis Settlement [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_KikinoMetisSettlementMember" xlink:href="cnq-20251231.xsd#cnq_KikinoMetisSettlementMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_KikinoMetisSettlementMember" xlink:to="lab_cnq_KikinoMetisSettlementMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_HalfwayRiverFirstNationMember_label_en-US" xlink:label="lab_cnq_HalfwayRiverFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Halfway River First Nation [Member]</link:label>
          <link:label id="lab_cnq_HalfwayRiverFirstNationMember_documentation_en-US" xlink:label="lab_cnq_HalfwayRiverFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Halfway River First Nation</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_HalfwayRiverFirstNationMember" xlink:href="cnq-20251231.xsd#cnq_HalfwayRiverFirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_HalfwayRiverFirstNationMember" xlink:to="lab_cnq_HalfwayRiverFirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RegionalMunicipalityOfWoodBuffaloMember_label_en-US" xlink:label="lab_cnq_RegionalMunicipalityOfWoodBuffaloMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regional Municipality of Wood Buffalo [Member]</link:label>
          <link:label id="lab_cnq_RegionalMunicipalityOfWoodBuffaloMember_documentation_en-US" xlink:label="lab_cnq_RegionalMunicipalityOfWoodBuffaloMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Regional Municipality of Wood Buffalo</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RegionalMunicipalityOfWoodBuffaloMember" xlink:href="cnq-20251231.xsd#cnq_RegionalMunicipalityOfWoodBuffaloMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RegionalMunicipalityOfWoodBuffaloMember" xlink:to="lab_cnq_RegionalMunicipalityOfWoodBuffaloMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_NortheastBritishColumbiaMember_label_en-US" xlink:label="lab_cnq_NortheastBritishColumbiaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Northeast British Columbia [Member]</link:label>
          <link:label id="lab_cnq_NortheastBritishColumbiaMember_documentation_en-US" xlink:label="lab_cnq_NortheastBritishColumbiaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Northeast British Columbia</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_NortheastBritishColumbiaMember" xlink:href="cnq-20251231.xsd#cnq_NortheastBritishColumbiaMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_NortheastBritishColumbiaMember" xlink:to="lab_cnq_NortheastBritishColumbiaMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_HorseLakeFirstNationMember_label_en-US" xlink:label="lab_cnq_HorseLakeFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Horse Lake First Nation [Member]</link:label>
          <link:label id="lab_cnq_HorseLakeFirstNationMember_documentation_en-US" xlink:label="lab_cnq_HorseLakeFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Horse Lake First Nation</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_HorseLakeFirstNationMember" xlink:href="cnq-20251231.xsd#cnq_HorseLakeFirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_HorseLakeFirstNationMember" xlink:to="lab_cnq_HorseLakeFirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_GovernmentOfCoteDIvoireMember_label_en-US" xlink:label="lab_cnq_GovernmentOfCoteDIvoireMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Government of Côte d'Ivoire [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_GovernmentOfCoteDIvoireMember" xlink:href="cnq-20251231.xsd#cnq_GovernmentOfCoteDIvoireMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_GovernmentOfCoteDIvoireMember" xlink:to="lab_cnq_GovernmentOfCoteDIvoireMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_ClearwaterCountyMember_label_en-US" xlink:label="lab_cnq_ClearwaterCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Clearwater County [Member]</link:label>
          <link:label id="lab_cnq_ClearwaterCountyMember_documentation_en-US" xlink:label="lab_cnq_ClearwaterCountyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Clearwater County</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_ClearwaterCountyMember" xlink:href="cnq-20251231.xsd#cnq_ClearwaterCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_ClearwaterCountyMember" xlink:to="lab_cnq_ClearwaterCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MikisewCreeFirstNationMember_label_en-US" xlink:label="lab_cnq_MikisewCreeFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mikisew Cree First Nation [Member]</link:label>
          <link:label id="lab_cnq_MikisewCreeFirstNationMember_documentation_en-US" xlink:label="lab_cnq_MikisewCreeFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mikisew Cree First Nation</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MikisewCreeFirstNationMember" xlink:href="cnq-20251231.xsd#cnq_MikisewCreeFirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MikisewCreeFirstNationMember" xlink:to="lab_cnq_MikisewCreeFirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_DistrictOfHudsonsHopeMember_label_en-US" xlink:label="lab_cnq_DistrictOfHudsonsHopeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">District of Hudson's Hope [Member]</link:label>
          <link:label id="lab_cnq_DistrictOfHudsonsHopeMember_documentation_en-US" xlink:label="lab_cnq_DistrictOfHudsonsHopeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">District of Hudson's Hope</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_DistrictOfHudsonsHopeMember" xlink:href="cnq-20251231.xsd#cnq_DistrictOfHudsonsHopeMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_DistrictOfHudsonsHopeMember" xlink:to="lab_cnq_DistrictOfHudsonsHopeMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_NorthernRockiesRegionalMunicipalityMember_label_en-US" xlink:label="lab_cnq_NorthernRockiesRegionalMunicipalityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Northern Rockies Regional Municipality [Member]</link:label>
          <link:label id="lab_cnq_NorthernRockiesRegionalMunicipalityMember_documentation_en-US" xlink:label="lab_cnq_NorthernRockiesRegionalMunicipalityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Northern Rockies Regional Municipality</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_NorthernRockiesRegionalMunicipalityMember" xlink:href="cnq-20251231.xsd#cnq_NorthernRockiesRegionalMunicipalityMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_NorthernRockiesRegionalMunicipalityMember" xlink:to="lab_cnq_NorthernRockiesRegionalMunicipalityMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MunicipalDistrictOfGreenviewNo.16Member_label_en-US" xlink:label="lab_cnq_MunicipalDistrictOfGreenviewNo.16Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipal District of Greenview No. 16 [Member]</link:label>
          <link:label id="lab_cnq_MunicipalDistrictOfGreenviewNo.16Member_documentation_en-US" xlink:label="lab_cnq_MunicipalDistrictOfGreenviewNo.16Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Municipal District of Greenview No. 16</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MunicipalDistrictOfGreenviewNo.16Member" xlink:href="cnq-20251231.xsd#cnq_MunicipalDistrictOfGreenviewNo.16Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MunicipalDistrictOfGreenviewNo.16Member" xlink:to="lab_cnq_MunicipalDistrictOfGreenviewNo.16Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CountyOfCamroseNo.22Member_label_en-US" xlink:label="lab_cnq_CountyOfCamroseNo.22Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">County of Camrose No. 22 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CountyOfCamroseNo.22Member" xlink:href="cnq-20251231.xsd#cnq_CountyOfCamroseNo.22Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CountyOfCamroseNo.22Member" xlink:to="lab_cnq_CountyOfCamroseNo.22Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_BuffaloLakeMetisSettlementMember_label_en-US" xlink:label="lab_cnq_BuffaloLakeMetisSettlementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buffalo Lake Métis Settlement [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_BuffaloLakeMetisSettlementMember" xlink:href="cnq-20251231.xsd#cnq_BuffaloLakeMetisSettlementMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_BuffaloLakeMetisSettlementMember" xlink:to="lab_cnq_BuffaloLakeMetisSettlementMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfHillsdaleNo.440Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfHillsdaleNo.440Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Hillsdale No. 440 [Member]</link:label>
          <link:label id="lab_cnq_RuralMunicipalityOfHillsdaleNo.440Member_documentation_en-US" xlink:label="lab_cnq_RuralMunicipalityOfHillsdaleNo.440Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rural Municipality of Hillsdale No. 440</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfHillsdaleNo.440Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfHillsdaleNo.440Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfHillsdaleNo.440Member" xlink:to="lab_cnq_RuralMunicipalityOfHillsdaleNo.440Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_FortMcMurray468FirstNationMember_label_en-US" xlink:label="lab_cnq_FortMcMurray468FirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fort McMurray #468 First Nation [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_FortMcMurray468FirstNationMember" xlink:href="cnq-20251231.xsd#cnq_FortMcMurray468FirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_FortMcMurray468FirstNationMember" xlink:to="lab_cnq_FortMcMurray468FirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CountyOfLacSte.AnneNo.28Member_label_en-US" xlink:label="lab_cnq_CountyOfLacSte.AnneNo.28Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">County of Lac Ste. Anne No. 28 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CountyOfLacSte.AnneNo.28Member" xlink:href="cnq-20251231.xsd#cnq_CountyOfLacSte.AnneNo.28Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CountyOfLacSte.AnneNo.28Member" xlink:to="lab_cnq_CountyOfLacSte.AnneNo.28Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfGrassLakeNo.381Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfGrassLakeNo.381Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Grass Lake No. 381 [Member]</link:label>
          <link:label id="lab_cnq_RuralMunicipalityOfGrassLakeNo.381Member_documentation_en-US" xlink:label="lab_cnq_RuralMunicipalityOfGrassLakeNo.381Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rural Municipality of Grass Lake No. 381</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfGrassLakeNo.381Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfGrassLakeNo.381Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfGrassLakeNo.381Member" xlink:to="lab_cnq_RuralMunicipalityOfGrassLakeNo.381Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfPiapotNo.110Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfPiapotNo.110Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Piapot No. 110 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfPiapotNo.110Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfPiapotNo.110Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfPiapotNo.110Member" xlink:to="lab_cnq_RuralMunicipalityOfPiapotNo.110Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CypressCountyMember_label_en-US" xlink:label="lab_cnq_CypressCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cypress County [Member]</link:label>
          <link:label id="lab_cnq_CypressCountyMember_documentation_en-US" xlink:label="lab_cnq_CypressCountyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cypress County</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CypressCountyMember" xlink:href="cnq-20251231.xsd#cnq_CypressCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CypressCountyMember" xlink:to="lab_cnq_CypressCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_TownOfTaberMember_label_en-US" xlink:label="lab_cnq_TownOfTaberMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Town of Taber [Member]</link:label>
          <link:label id="lab_cnq_TownOfTaberMember_documentation_en-US" xlink:label="lab_cnq_TownOfTaberMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Town of Taber</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_TownOfTaberMember" xlink:href="cnq-20251231.xsd#cnq_TownOfTaberMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_TownOfTaberMember" xlink:to="lab_cnq_TownOfTaberMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_TwoHillsCountyMember_label_en-US" xlink:label="lab_cnq_TwoHillsCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Two Hills County [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_TwoHillsCountyMember" xlink:href="cnq-20251231.xsd#cnq_TwoHillsCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_TwoHillsCountyMember" xlink:to="lab_cnq_TwoHillsCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RedDeerCountyMember_label_en-US" xlink:label="lab_cnq_RedDeerCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Red Deer County [Member]</link:label>
          <link:label id="lab_cnq_RedDeerCountyMember_documentation_en-US" xlink:label="lab_cnq_RedDeerCountyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Red Deer County</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RedDeerCountyMember" xlink:href="cnq-20251231.xsd#cnq_RedDeerCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RedDeerCountyMember" xlink:to="lab_cnq_RedDeerCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfFoxValleyNo.171Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfFoxValleyNo.171Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Fox Valley No. 171 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfFoxValleyNo.171Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfFoxValleyNo.171Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfFoxValleyNo.171Member" xlink:to="lab_cnq_RuralMunicipalityOfFoxValleyNo.171Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfGoldenWestNo.95Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfGoldenWestNo.95Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Golden West No. 95 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfGoldenWestNo.95Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfGoldenWestNo.95Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfGoldenWestNo.95Member" xlink:to="lab_cnq_RuralMunicipalityOfGoldenWestNo.95Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MunicipalDistrictOfLesserSlaveRiverNo.124Member_label_en-US" xlink:label="lab_cnq_MunicipalDistrictOfLesserSlaveRiverNo.124Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipal District of Lesser Slave River No. 124 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MunicipalDistrictOfLesserSlaveRiverNo.124Member" xlink:href="cnq-20251231.xsd#cnq_MunicipalDistrictOfLesserSlaveRiverNo.124Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MunicipalDistrictOfLesserSlaveRiverNo.124Member" xlink:to="lab_cnq_MunicipalDistrictOfLesserSlaveRiverNo.124Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_FrogLakeFirstNationMember_label_en-US" xlink:label="lab_cnq_FrogLakeFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Frog Lake First Nation [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_FrogLakeFirstNationMember" xlink:href="cnq-20251231.xsd#cnq_FrogLakeFirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_FrogLakeFirstNationMember" xlink:to="lab_cnq_FrogLakeFirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_country_CA_label_en-US" xlink:label="lab_country_CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CANADA</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_country_CA" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_CA"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_CA" xlink:to="lab_country_CA" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfSenlacNo.411Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfSenlacNo.411Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Senlac No. 411 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfSenlacNo.411Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfSenlacNo.411Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfSenlacNo.411Member" xlink:to="lab_cnq_RuralMunicipalityOfSenlacNo.411Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfArgyleNo.1Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfArgyleNo.1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Argyle No. 1 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfArgyleNo.1Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfArgyleNo.1Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfArgyleNo.1Member" xlink:to="lab_cnq_RuralMunicipalityOfArgyleNo.1Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_BirchHillsCountyMember_label_en-US" xlink:label="lab_cnq_BirchHillsCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Birch Hills County [Member]</link:label>
          <link:label id="lab_cnq_BirchHillsCountyMember_documentation_en-US" xlink:label="lab_cnq_BirchHillsCountyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Birch Hills County</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_BirchHillsCountyMember" xlink:href="cnq-20251231.xsd#cnq_BirchHillsCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_BirchHillsCountyMember" xlink:to="lab_cnq_BirchHillsCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_KehewinCreeNationMember_label_en-US" xlink:label="lab_cnq_KehewinCreeNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Kehewin Cree Nation [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_KehewinCreeNationMember" xlink:href="cnq-20251231.xsd#cnq_KehewinCreeNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_KehewinCreeNationMember" xlink:to="lab_cnq_KehewinCreeNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_WhiteFishLakeIndianReserveNo.128Member_label_en-US" xlink:label="lab_cnq_WhiteFishLakeIndianReserveNo.128Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">WhiteFish Lake Indian Reserve No. 128 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_WhiteFishLakeIndianReserveNo.128Member" xlink:href="cnq-20251231.xsd#cnq_WhiteFishLakeIndianReserveNo.128Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_WhiteFishLakeIndianReserveNo.128Member" xlink:to="lab_cnq_WhiteFishLakeIndianReserveNo.128Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_FishingLakeMetisSettlementMember_label_en-US" xlink:label="lab_cnq_FishingLakeMetisSettlementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fishing Lake Métis Settlement [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_FishingLakeMetisSettlementMember" xlink:href="cnq-20251231.xsd#cnq_FishingLakeMetisSettlementMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_FishingLakeMetisSettlementMember" xlink:to="lab_cnq_FishingLakeMetisSettlementMember" xlink:type="arc" order="1"/>
          <link:label id="lab_country_CI_label_en-US" xlink:label="lab_country_CI" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CÔTE D'IVOIRE</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_country_CI" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_CI"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_CI" xlink:to="lab_country_CI" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfWiltonNo.472Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfWiltonNo.472Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Wilton No. 472 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfWiltonNo.472Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfWiltonNo.472Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfWiltonNo.472Member" xlink:to="lab_cnq_RuralMunicipalityOfWiltonNo.472Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_NorthernSunriseCountyMember_label_en-US" xlink:label="lab_cnq_NorthernSunriseCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Northern Sunrise County [Member]</link:label>
          <link:label id="lab_cnq_NorthernSunriseCountyMember_documentation_en-US" xlink:label="lab_cnq_NorthernSunriseCountyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Northern Sunrise County</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_NorthernSunriseCountyMember" xlink:href="cnq-20251231.xsd#cnq_NorthernSunriseCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_NorthernSunriseCountyMember" xlink:to="lab_cnq_NorthernSunriseCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_PeavineMetisSettlementMember_label_en-US" xlink:label="lab_cnq_PeavineMetisSettlementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Peavine Métis Settlement [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_PeavineMetisSettlementMember" xlink:href="cnq-20251231.xsd#cnq_PeavineMetisSettlementMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_PeavineMetisSettlementMember" xlink:to="lab_cnq_PeavineMetisSettlementMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfBrowningNo.34Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfBrowningNo.34Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Browning No. 34 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfBrowningNo.34Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfBrowningNo.34Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfBrowningNo.34Member" xlink:to="lab_cnq_RuralMunicipalityOfBrowningNo.34Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_WheatlandCountyMember_label_en-US" xlink:label="lab_cnq_WheatlandCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Wheatland County [Member]</link:label>
          <link:label id="lab_cnq_WheatlandCountyMember_documentation_en-US" xlink:label="lab_cnq_WheatlandCountyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Wheatland County</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_WheatlandCountyMember" xlink:href="cnq-20251231.xsd#cnq_WheatlandCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_WheatlandCountyMember" xlink:to="lab_cnq_WheatlandCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CorporateMember_label_en-US" xlink:label="lab_cnq_CorporateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate [Member]</link:label>
          <link:label id="lab_cnq_CorporateMember_documentation_en-US" xlink:label="lab_cnq_CorporateMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Corporate</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CorporateMember" xlink:href="cnq-20251231.xsd#cnq_CorporateMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CorporateMember" xlink:to="lab_cnq_CorporateMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MunicipalDistrictOfTaberNo.14Member_label_en-US" xlink:label="lab_cnq_MunicipalDistrictOfTaberNo.14Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipal District of Taber No. 14 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MunicipalDistrictOfTaberNo.14Member" xlink:href="cnq-20251231.xsd#cnq_MunicipalDistrictOfTaberNo.14Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MunicipalDistrictOfTaberNo.14Member" xlink:to="lab_cnq_MunicipalDistrictOfTaberNo.14Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_MunicipalDistrictOfFairviewNo.136Member_label_en-US" xlink:label="lab_cnq_MunicipalDistrictOfFairviewNo.136Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipal District of Fairview No. 136 [Member]</link:label>
          <link:label id="lab_cnq_MunicipalDistrictOfFairviewNo.136Member_documentation_en-US" xlink:label="lab_cnq_MunicipalDistrictOfFairviewNo.136Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Municipal District of Fairview No. 136</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_MunicipalDistrictOfFairviewNo.136Member" xlink:href="cnq-20251231.xsd#cnq_MunicipalDistrictOfFairviewNo.136Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_MunicipalDistrictOfFairviewNo.136Member" xlink:to="lab_cnq_MunicipalDistrictOfFairviewNo.136Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_YellowheadCountyMember_label_en-US" xlink:label="lab_cnq_YellowheadCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Yellowhead County [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_YellowheadCountyMember" xlink:href="cnq-20251231.xsd#cnq_YellowheadCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_YellowheadCountyMember" xlink:to="lab_cnq_YellowheadCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_CountyOfFlagstaffNo.29Member_label_en-US" xlink:label="lab_cnq_CountyOfFlagstaffNo.29Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">County of Flagstaff No. 29 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_CountyOfFlagstaffNo.29Member" xlink:href="cnq-20251231.xsd#cnq_CountyOfFlagstaffNo.29Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_CountyOfFlagstaffNo.29Member" xlink:to="lab_cnq_CountyOfFlagstaffNo.29Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfHappylandNo.231Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfHappylandNo.231Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Happyland No. 231 [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfHappylandNo.231Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfHappylandNo.231Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfHappylandNo.231Member" xlink:to="lab_cnq_RuralMunicipalityOfHappylandNo.231Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_SaddleHillsCountyMember_label_en-US" xlink:label="lab_cnq_SaddleHillsCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Saddle Hills County [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_SaddleHillsCountyMember" xlink:href="cnq-20251231.xsd#cnq_SaddleHillsCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_SaddleHillsCountyMember" xlink:to="lab_cnq_SaddleHillsCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_VulcanCountyMember_label_en-US" xlink:label="lab_cnq_VulcanCountyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vulcan County [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_VulcanCountyMember" xlink:href="cnq-20251231.xsd#cnq_VulcanCountyMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_VulcanCountyMember" xlink:to="lab_cnq_VulcanCountyMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfMiltonNo.292Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfMiltonNo.292Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Milton No. 292 [Member]</link:label>
          <link:label id="lab_cnq_RuralMunicipalityOfMiltonNo.292Member_documentation_en-US" xlink:label="lab_cnq_RuralMunicipalityOfMiltonNo.292Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rural Municipality of Milton No. 292</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfMiltonNo.292Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfMiltonNo.292Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfMiltonNo.292Member" xlink:to="lab_cnq_RuralMunicipalityOfMiltonNo.292Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_ColdLakeFirstNationsMember_label_en-US" xlink:label="lab_cnq_ColdLakeFirstNationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cold Lake First Nations [Member]</link:label>
          <link:label id="lab_cnq_ColdLakeFirstNationsMember_documentation_en-US" xlink:label="lab_cnq_ColdLakeFirstNationsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cold Lake First Nations</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_ColdLakeFirstNationsMember" xlink:href="cnq-20251231.xsd#cnq_ColdLakeFirstNationsMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_ColdLakeFirstNationsMember" xlink:to="lab_cnq_ColdLakeFirstNationsMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfClinworthNo.230Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfClinworthNo.230Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Clinworth No. 230 [Member]</link:label>
          <link:label id="lab_cnq_RuralMunicipalityOfClinworthNo.230Member_documentation_en-US" xlink:label="lab_cnq_RuralMunicipalityOfClinworthNo.230Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rural Municipality of Clinworth No. 230</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfClinworthNo.230Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfClinworthNo.230Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfClinworthNo.230Member" xlink:to="lab_cnq_RuralMunicipalityOfClinworthNo.230Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_OnionLakeCreeNationMember_label_en-US" xlink:label="lab_cnq_OnionLakeCreeNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Onion Lake Cree Nation [Member]</link:label>
          <link:label id="lab_cnq_OnionLakeCreeNationMember_documentation_en-US" xlink:label="lab_cnq_OnionLakeCreeNationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Onion Lake Cree Nation</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_OnionLakeCreeNationMember" xlink:href="cnq-20251231.xsd#cnq_OnionLakeCreeNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_OnionLakeCreeNationMember" xlink:to="lab_cnq_OnionLakeCreeNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_GiftLakeMetisSettlementMember_label_en-US" xlink:label="lab_cnq_GiftLakeMetisSettlementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gift Lake Métis Settlement [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_GiftLakeMetisSettlementMember" xlink:href="cnq-20251231.xsd#cnq_GiftLakeMetisSettlementMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_GiftLakeMetisSettlementMember" xlink:to="lab_cnq_GiftLakeMetisSettlementMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_HeartLakeFirstNationMember_label_en-US" xlink:label="lab_cnq_HeartLakeFirstNationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Heart Lake First Nation [Member]</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_HeartLakeFirstNationMember" xlink:href="cnq-20251231.xsd#cnq_HeartLakeFirstNationMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_HeartLakeFirstNationMember" xlink:to="lab_cnq_HeartLakeFirstNationMember" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_RuralMunicipalityOfGriffinNo.66Member_label_en-US" xlink:label="lab_cnq_RuralMunicipalityOfGriffinNo.66Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rural Municipality of Griffin No. 66 [Member]</link:label>
          <link:label id="lab_cnq_RuralMunicipalityOfGriffinNo.66Member_documentation_en-US" xlink:label="lab_cnq_RuralMunicipalityOfGriffinNo.66Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rural Municipality of Griffin No. 66</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_RuralMunicipalityOfGriffinNo.66Member" xlink:href="cnq-20251231.xsd#cnq_RuralMunicipalityOfGriffinNo.66Member"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_RuralMunicipalityOfGriffinNo.66Member" xlink:to="lab_cnq_RuralMunicipalityOfGriffinNo.66Member" xlink:type="arc" order="1"/>
          <link:label id="lab_cnq_NorthwestAlbertaMember_label_en-US" xlink:label="lab_cnq_NorthwestAlbertaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Northwest Alberta [Member]</link:label>
          <link:label id="lab_cnq_NorthwestAlbertaMember_documentation_en-US" xlink:label="lab_cnq_NorthwestAlbertaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Northwest Alberta</link:label>
          <link:loc xlink:type="locator" xlink:label="loc_cnq_NorthwestAlbertaMember" xlink:href="cnq-20251231.xsd#cnq_NorthwestAlbertaMember"/>
          <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cnq_NorthwestAlbertaMember" xlink:to="lab_cnq_NorthwestAlbertaMember" xlink:type="arc" order="1"/>
        </link:labelLink>
      </link:linkbase>
    </xs:appinfo>
  </xs:annotation>
  <xs:element id="cnq_GovernmentOfCanadaMember" abstract="true" name="GovernmentOfCanadaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_ProvinceOfAlbertaMember" abstract="true" name="ProvinceOfAlbertaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_ProvinceOfBritishColumbiaMember" abstract="true" name="ProvinceOfBritishColumbiaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_ProvinceOfSaskatchewanMember" abstract="true" name="ProvinceOfSaskatchewanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_ProvinceOfManitobaMember" abstract="true" name="ProvinceOfManitobaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_RegionalMunicipalityOfWoodBuffaloMember" abstract="true" name="RegionalMunicipalityOfWoodBuffaloMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_MunicipalDistrictOfOpportunityNo.17Member" abstract="true" name="MunicipalDistrictOfOpportunityNo.17Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_LacLaBicheCountyMember" abstract="true" name="LacLaBicheCountyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_MunicipalDistrictOfBonnyvilleNo.87Member" abstract="true" name="MunicipalDistrictOfBonnyvilleNo.87Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_MunicipalDistrictOfGreenviewNo.16Member" abstract="true" name="MunicipalDistrictOfGreenviewNo.16Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_CountyOfNewellNo.4Member" abstract="true" name="CountyOfNewellNo.4Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_CountyOfGrandePrairieNo.1Member" abstract="true" name="CountyOfGrandePrairieNo.1Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_AlbertaSpecialAreasBoardMember" abstract="true" name="AlbertaSpecialAreasBoardMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_YellowheadCountyMember" abstract="true" name="YellowheadCountyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_SaddleHillsCountyMember" abstract="true" name="SaddleHillsCountyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_CountyOfSt.PaulNo.19Member" abstract="true" name="CountyOfSt.PaulNo.19Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_NorthernSunriseCountyMember" abstract="true" name="NorthernSunriseCountyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_MunicipalDistrictOfTaberNo.14Member" abstract="true" name="MunicipalDistrictOfTaberNo.14Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_CountyOfVermilionRiverNo.24Member" abstract="true" name="CountyOfVermilionRiverNo.24Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_NorthernRockiesRegionalMunicipalityMember" abstract="true" name="NorthernRockiesRegionalMunicipalityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_DistrictMunicipalityOfTumblerRidgeMember" abstract="true" name="DistrictMunicipalityOfTumblerRidgeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_ClearHillsCountyMember" abstract="true" name="ClearHillsCountyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_ClearwaterCountyMember" abstract="true" name="ClearwaterCountyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_MunicipalDistrictOfFairviewNo.136Member" abstract="true" name="MunicipalDistrictOfFairviewNo.136Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_BigLakesCountyMember" abstract="true" name="BigLakesCountyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_RuralMunicipalityOfEnterpriseNo.142Member" abstract="true" name="RuralMunicipalityOfEnterpriseNo.142Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_WheatlandCountyMember" abstract="true" name="WheatlandCountyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cnq_MunicipalDistrictOfLesserSlaveRiverNo.124Member" abstract="true" name="MunicipalDistrictOfLesserSlaveRiverNo.124Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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</XBRL>

```

## Exhibit 99.1

UNCLASSIFIED - NON CLASSIFIÉ

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** |  | ![cnrl image.jpg](cnq-20251231_g1.jpg) |
| **Reporting Entity Name** | Canadian Natural Resources Limited | Canadian Natural Resources Limited | Canadian Natural Resources Limited | Canadian Natural Resources Limited | Canadian Natural Resources Limited | 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 | E145969 | **Original Submission:** Yes | **Original Submission:** Yes |  |  |  |
|  |  |  | **Amended Report**:  | **Amended Report**:  |  |  |  |
| **Other Subsidiaries Included** <br>(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. | E072724 CNR Hatton Partnership, E814257 Canadian Natural Upgrading Limited, E088016 CNR Montney Partnership, E912410 1745844 Alberta Ltd. | E072724 CNR Hatton Partnership, E814257 Canadian Natural Upgrading Limited, E088016 CNR Montney Partnership, E912410 1745844 Alberta Ltd. | E072724 CNR Hatton Partnership, E814257 Canadian Natural Upgrading Limited, E088016 CNR Montney Partnership, E912410 1745844 Alberta Ltd. | E072724 CNR Hatton Partnership, E814257 Canadian Natural Upgrading Limited, E088016 CNR Montney Partnership, E912410 1745844 Alberta Ltd. | 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.* | *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.* | *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.* | *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.* | *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.* | *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.* | *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.* |  |
| *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.* | *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.* | *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.* | *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.* | *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.* | *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.* | *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.* |  |
| *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.* | *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.* | *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.* | *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.* | *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.* | *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.* | *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** | **Victor Darel** | **Victor Darel** | **Victor Darel** | **Date** | *2026-05-27* |  |
| **Position Title** | **Chief Financial Officer** | **Chief Financial Officer** | **Chief Financial Officer** | **Chief Financial Officer** | **Date** | *2026-05-27* |  |

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UNCLASSIFIED - NON CLASSIFIÉ

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | | | | | | | |
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Reporting Year** | **From:** | 2025-01-01 | **To:** | 2025-12-31 |  |  |
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Reporting Entity Name** | Canadian Natural Resources Limited | Canadian Natural Resources Limited | Canadian Natural Resources Limited | 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** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** |
| **Country** | **Payee Name**<sup>1</sup> | **Departments, Agency, etc. within Payee that Received Payments**<sup>2</sup> | **Taxes** | **Royalties** | **Fees** | **Production Entitlements** | **Bonuses** | **Dividends** | **Infrastructure Improvement Payments** | **Total Amount paid to Payee** | **Notes**<sup>34</sup> |
| Canada | Government of Canada |  | 1169460000 | 480000 | 3480000 |  |  |  |  | 1173420000 |  |
| Canada | Province of Alberta |  | 630460000 | 5524630000 | 152770000 |  | 27970000 |  |  | 6335830000 | A |
| Canada | Province of British Columbia |  | 13560000 | 72050000 | 38250000 |  |  |  |  | 123860000 |  |
| Canada | Province of Saskatchewan |  | 10070000 | 55760000 | 8220000 |  | 550000 |  |  | 74600000 |  |
| Canada | Province of Manitoba |  | 70000 | 390000 | 10000 |  |  |  |  | 470000 |  |
| Canada | Regional Municipality of Wood Buffalo |  | 108670000 |  | 10000 |  |  |  |  | 108680000 |  |
| Canada | Municipal District of Opportunity No.17 |  | 45830000 |  | 30000 |  |  |  |  | 45860000 |  |
| Canada | Lac La Biche County |  | 41960000 |  |  |  |  |  |  | 41960000 |  |
| Canada | Municipal District of Bonnyville No.87 |  | 24490000 |  | 3530000 |  |  |  |  | 28020000 |  |
| Canada | Municipal District of Greenview No. 16 |  | 18680000 |  | 130000 |  |  |  |  | 18810000 |  |
| Canada | County of Newell No. 4 |  | 11390000 |  | 40000 |  |  |  |  | 11430000 |  |
| Canada | County of Grande Prairie No. 1 |  | 9830000 |  | 120000 |  |  |  |  | 9950000 |  |
| Canada | Alberta Special Areas Board |  | 7640000 |  | 1310000 |  |  |  |  | 8950000 |  |
| Canada | Yellowhead County |  | 7470000 |  |  |  |  |  |  | 7470000 |  |
| Canada | Saddle Hills County |  | 7130000 |  | 10000 |  |  |  |  | 7140000 |  |
| Canada | County of St. Paul No. 19 |  | 5430000 |  | 1120000 |  |  |  |  | 6550000 |  |
| Canada | Northern Sunrise County |  | 6370000 |  |  |  |  |  |  | 6370000 |  |
| Canada | Municipal District of Taber No. 14 |  | 5270000 |  | 820000 |  |  |  |  | 6090000 |  |
| Canada | County of Vermilion River No. 24 |  | 4980000 | 110000 | 100000 |  |  |  |  | 5190000 |  |
| Canada | Northern Rockies Regional Municipality |  | 3900000 |  |  |  |  |  |  | 3900000 |  |
| Canada | District Municipality of Tumbler Ridge |  | 3380000 |  |  |  |  |  |  | 3380000 |  |
| Canada | Clear Hills County |  | 3100000 |  |  |  |  |  |  | 3100000 |  |

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UNCLASSIFIED - NON CLASSIFIÉ

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| | | | | |
|:---|:---|:---|:---|:---|
| Canada | Clearwater County | 2920000 |  | 2920000 |
| Canada | Municipal District of Fairview No. 136 | 2910000 |  | 2910000 |
| Canada | Big Lakes County | 2450000 |  | 2450000 |
| Canada | Rural Municipality of Enterprise No. 142 | 2120000 |  | 2120000 |
| Canada | Wheatland County | 2110000 |  | 2110000 |
| Canada | Municipal District of Lesser Slave River No. 124 | 2070000 |  | 2070000 |
| Canada | Cypress County | 2000000 | 10000 | 2010000 |
| Canada | Rural Municipality of Wilton No. 472 | 1680000 |  | 1680000 |
| Canada | Municipal District of Starland County | 1570000 | 20000 | 1590000 |
| Canada | Municipal District of Willow Creek No. 26 | 1570000 | 10000 | 1580000 |
| Canada | Rural Municipality of Big Stick No. 141 | 1580000 |  | 1580000 |
| Canada | Rural Municipality of Fox Valley No. 171 | 1560000 |  | 1560000 |
| Canada | Rural Municipality of Senlac No. 411 | 1530000 |  | 1530000 |
| Canada | County of Northern Lights | 1530000 |  | 1530000 |
| Canada | Birch Hills County | 1450000 |  | 1450000 |
| Canada | Rural Municipality of Frenchman Butte No. 501 | 1350000 |  | 1350000 |
| Canada | Two Hills County | 1250000 |  | 1250000 |
| Canada | Municipality District of Smoky River No. 130 | 1210000 | 10000 | 1220000 |
| Canada | Rural Municipality of Britannia No. 502 | 1180000 | 20000 | 1200000 |
| Canada | Vulcan County | 1080000 | 20000 | 1100000 |
| Canada | Rural Municipality of Browning No. 34 | 1100000 |  | 1100000 |
| Canada | Rural Municipality of Eldon No. 471 | 1030000 | 30000 | 1060000 |
| Canada | Municipality of Two Borders | 940000 |  | 940000 |
| Canada | Stettler County No. 6 | 930000 |  | 930000 |
| Canada | Ponoka County | 910000 |  | 910000 |
| Canada | County of Warner No. 5 | 880000 |  | 880000 |
| Canada | Kneehill County | 850000 |  | 850000 |
| Canada | County of Athabasca No. 12 | 760000 |  | 760000 |
| Canada | Municipal District of Smoky River No. 130 | 730000 |  | 730000 |
| Canada | Red Deer County | 690000 |  | 690000 |
| Canada | Wetaskiwin County No. 10 | 570000 |  | 570000 |
| Canada | Rural Municipality of Eye Hill No. 382 | 510000 |  | 510000 |
| Canada | Rural Municipality of Chesterfield No. 261 | 490000 |  | 490000 |
| Canada | Rural Municipality of Mervin No. 499 | 480000 |  | 480000 |
| Canada | Rural Municipality of Piapot No. 110 | 440000 |  | 440000 |
| Canada | District of Chetwynd | 360000 |  | 360000 |
| Canada | Rural Municipality of Cymri No. 36 | 350000 |  | 350000 |
| Canada | Rural Municipality of Happyland No. 231 | 310000 |  | 310000 |
| Canada | County of Forty Mile No. 8 | 280000 | 20000 | 300000 |
| Canada | Rural Municipality of Moose Creek No. 33 | 290000 |  | 290000 |

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UNCLASSIFIED - NON CLASSIFIÉ

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Canada | Rural Municipality of Milton No. 292 | 280000 |  |  | 280000 |
| Canada | District of Hudson's Hope | 280000 |  |  | 280000 |
| Canada | Woodlands County | 270000 |  |  | 270000 |
| Canada | Rural Municipality of Maple Creek No. 111 | 220000 |  |  | 220000 |
| Canada | Lacombe County | 220000 |  |  | 220000 |
| Canada | County of Paintearth No. 18 | 220000 |  |  | 220000 |
| Canada | Rural Municipality of Tecumseh No. 65 | 220000 |  |  | 220000 |
| Canada | Town of Taber | 120000 |  | 90000 | 210000 |
| Canada | Rural Municipality of Golden West No. 95 | 210000 |  |  | 210000 |
| Canada | Rural Municipality of Clinworth No. 230 | 210000 |  |  | 210000 |
| Canada | Leduc County | 190000 |  |  | 190000 |
| Canada | County of Camrose No. 22 | 190000 |  |  | 190000 |
| Canada | Rural Municipality of Coalfields No. 4 | 190000 |  |  | 190000 |
| Canada | Rural Municipality of Hillsdale No. 440 | 180000 |  |  | 180000 |
| Canada | Rural Municipality of Turtle River No. 469 | 170000 |  |  | 170000 |
| Canada | Town of Drumheller | 170000 |  |  | 170000 |
| Canada | Rural Municipality of Enniskillen No. 3 | 170000 |  |  | 170000 |
| Canada | Municipal District of Wainwright No. 61 | 160000 |  |  | 160000 |
| Canada | Municipal District of Foothills No. 31 | 160000 |  |  | 160000 |
| Canada | Rural Municipality of Argyle No. 1 | 140000 |  |  | 140000 |
| Canada | Rural Municipality of Griffin No. 66 | 120000 |  |  | 120000 |
| Canada | Rural Municipality of Reciprocity No. 32 | 120000 |  |  | 120000 |
| Canada | County of Lac Ste. Anne No. 28 | 110000 |  |  | 110000 |
| Canada | County of Lethbridge No. 26 | 110000 |  |  | 110000 |
| Canada | Rural Municipality of Grass Lake No. 381 | 100000 |  |  | 100000 |
| Canada | County of Flagstaff No. 29 | 100000 |  |  | 100000 |
| Canada | Mikisew Cree First Nation |  |  | 11190000 | 11190000 |
| Canada | Fort McKay First Nation |  |  | 7080000 | 7080000 |
| Canada | Kai Taile Denesoline Trust |  |  | 6160000 | 6160000 |
| Canada | Fort McKay Bare Trust |  |  | 3450000 | 3450000 |
| Canada | Fort McMurray #468 First Nation |  |  | 3250000 | 3250000 |
| Canada | Cold Lake First Nations |  |  | 3180000 | 3180000 |
| Canada | Conklin Métis Local #193 |  |  | 1880000 | 1880000 |
| Canada | Chipewyan Prairie First Nation |  |  | 1580000 | 1580000 |
| Canada | Fishing Lake Métis Settlement | 530000 | 10000 | 870000 | 1410000 |
| Canada | Fort McMurray Métis Local 1935 |  |  | 1040000 | 1040000 |
| Canada | Heart Lake First Nation |  |  | 970000 | 970000 |
| Canada | Athabasca Chipewyan First Nation |  |  | 760000 | 760000 |
| Canada | Gift Lake Métis Settlement | 430000 |  | 250000 | 680000 |
| Canada | Elizabeth Métis Settlement |  |  | 580000 | 580000 |

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UNCLASSIFIED - NON CLASSIFIÉ

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Canada | WhiteFish Lake Indian Reserve No. 128 |  |  | 430000 | 430000 |  |
| Canada | Kikino Métis Settlement |  | 20000 | 390000 | 410000 |  |
| Canada | Buffalo Lake Métis Settlement |  |  | 400000 | 400000 |  |
| Canada | Peavine Métis Settlement |  |  | 390000 | 390000 |  |
| Canada | Saddle Lake Cree Nation | 90000 |  | 260000 | 350000 |  |
| Canada | Fort McKay Métis Nation |  |  | 280000 | 280000 |  |
| Canada | Halfway River First Nation |  |  | 260000 | 260000 |  |
| Canada | Beaver Lake Cree Nation |  |  | 240000 | 240000 |  |
| Canada | Chard Métis Nation |  |  | 230000 | 230000 |  |
| Canada | Fort Chipewyan Métis Nation |  |  | 200000 | 200000 |  |
| Canada | Kehewin Cree Nation |  |  | 160000 | 160000 |  |
| Canada | Frog Lake First Nation |  |  | 140000 | 140000 |  |
| Canada | Onion Lake Cree Nation |  |  | 130000 | 130000 |  |
| Canada | Owl River Métis Local #1949 |  |  | 130000 | 130000 |  |
| Canada | Bigstone Cree Nation |  |  | 110000 | 110000 |  |
| Canada | Horse Lake First Nation |  |  | 100000 | 100000 |  |
| Côte d'Ivoire | Government of Côte d'Ivoire |  |  |  | 13480000 | B,C |
| United Kingdom of Great Britain and Northern Ireland | His Majesty's Government | 180000 |  | 3010000 | 3190000 | 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.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  |

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<sup>1</sup>Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z).

<sup>2</sup>Optional field.

<sup>3</sup>When 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.

<sup>4</sup>Any 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

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | | | | | | | |
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Reporting Year** | **From:** | 2025-01-01 | **To:** | 2025-12-31 |  |  |
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Reporting Entity Name** | Canadian Natural Resources Limited | Canadian Natural Resources Limited | Canadian Natural Resources Limited | 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. |  |  |  |  |  |  |  |

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** |
| **Country** | **Project Name**<sup>1</sup> | **Taxes** | **Royalties** | **Fees** | **Production Entitlements** | **Bonuses** | **Dividends** | **Infrastructure Improvement Payments** | **Total Amount paid by Project** | **Notes**<sup>23</sup> |
| Canada | Northeast British Columbia | 21450000 | 72050000 | 38660000 |  |  |  |  | 132160000 |  |
| Canada | Northwest Alberta | 52950000 | 300850000 | 33050000 |  | 7400000 |  |  | 394250000 | A |
| Canada | Northern Plains | 150180000 | 2007090000 | 71360000 |  | 21090000 |  |  | 2249720000 | A,D |
| Canada | Southern Plains and Southeast Saskatchewan | 53850000 | 92480000 | 44050000 |  | 30000 |  |  | 190410000 | A |
| Canada | Oil Sands Mining and Upgrading | 132210000 | 3180980000 | 68970000 |  |  |  |  | 3382160000 | D |
| Canada | Corporate | 1782200000 |  | 180000 |  |  |  |  | 1782380000 |  |
| Côte d'Ivoire | Baobab |  |  |  | 6050000 |  |  |  | 6050000 | B,C |
| Côte d'Ivoire | Espoir |  |  |  | 7430000 |  |  |  | 7430000 | B,C |
| United Kingdom of Great Britain and Northern Ireland | North Sea | 180000 |  | 3010000 |  |  |  |  | 3190000 | B |
| **Additional Notes**<sup>3</sup>**:** | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  | A.Royalties in the amount of $185,300,000 were paid in kind to the Government of Alberta and valued at market prices.<br>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.<br>C. Production entitlement volumes and values are determined according to the related production sharing contracts. <br>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.  |

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<sup>1</sup>Enter 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.

<sup>2</sup>Optional field

<sup>3</sup>Any 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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