# EDGAR Filing Document

**Accession Number:** 0001017413
**File Stem:** 0001017413-25-000059
**Filing Date:** 2025-12
**Character Count:** 7896
**Document Hash:** e43f15168fad66e4354f6a1d38cd4e05
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001017413-25-000059.hdr.sgml**: 20251205

**ACCESSION NUMBER**: 0001017413-25-000059

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20251204

**FILED AS OF DATE**: 20251205

**DATE AS OF CHANGE**: 20251205

**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:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-12138
- **FILM NUMBER:** 251552510

**BUSINESS ADDRESS:**
- **STREET 1:** 2100, 855-2 STREET SW
- **CITY:** CALGARY ALBERTA CANADA
- **STATE:** A0
- **ZIP:** T2P 4J8
- **BUSINESS PHONE:** 403-517-6700

**MAIL ADDRESS:**
- **STREET 1:** 2100, 855-2 STREET SW
- **CITY:** CALGARY ALBERTA CANADA
- **STATE:** A0
- **ZIP:** T2P 4J8

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM 6-K**

 **REPORT OF FOREIGN PRIVATE ISSUER**

**Pursuant to Rule 13a-16 or 15d-16 of the**

**Securities Exchange Act of 1934**

Dated: December 4, 2025

Commission File Number: 333-12138

**CANADIAN NATURAL RESOURCES LIMITED**

(Exact name of registrant as specified in its charter)

2100, 855 - 2<sup>nd</sup> Street S. W., Calgary, Alberta T2P 4J8

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ___&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; Form 40-F <u>X</u> 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule <br>101(b)(1): ___

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule <br>101(b)(7): ___

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

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| | |
|:---|:---|
| Exhibit Number | Description |
| 99.1 | <u>[Press Release Dated December 4, 2025](a12042025pricescadnotes.htm)</u> |
|  | Canadian Natural Resources Limited prices C$1,500 million in 3, 5 and 10 year medium-term notes |

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**SIGNATURE**

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 undersigned, thereunto duly authorized.

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| | | |
|:---|:---|:---|
| | **Canadian Natural Resources Limited**<br>(Registrant) | **Canadian Natural Resources Limited**<br>(Registrant) |
| Date: December 4, 2025 | By: | /s/ Stephanie A. Graham |
|  |  | Stephanie A. Graham |
|  |  | Corporate Secretary and Associate General Counsel, Canada |

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## Exhibit 99.1

![pressreleasea.jpg](pressreleasea.jpg)

**CANADIAN NATURAL RESOURCES LIMITED**

**PRICES C$1,650 MILLION IN 3, 5 AND 10 YEAR MEDIUM-TERM NOTES**

**CALGARY, ALBERTA – DECEMBER 4, 2025 – FOR IMMEDIATE RELEASE**

Canadian Natural Resources Limited ("Canadian Natural" or the "Company") announces that on December 4, 2025, it priced the following medium-term notes ("Notes") which were sold to investors in Canada:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Note / Coupon** | **Principal** | **Maturity** | **Price per Note** | **Yield to Maturity** |
| 3 year / 3.30% | C$550,000,000 | December 8, 2028 | C$99.887 | 3.340% |
| 5 year / 3.75% | C$550,000,000 | February 8, 2031 | C$99.781 | 3.798% |
| 10 year / 4.55% | C$550,000,000 | February 8, 2036 | C$99.700 | 4.588% |

---

CIBC Capital Markets, TD Securities Inc., and Scotia Capital Inc. acted as joint lead agents and joint book-runners for the offering of the Notes. BMO Nesbitt Burns Inc., and RBC Dominion Securities Inc. acted as co-managers and Merrill Lynch Canada Inc., Mizuho Securities Canada Inc., ATB Securities Inc., SMBC Nikko Securities Canada Ltd., and Desjardins Securities Inc. acted as co-agents for the offering of the Notes.

The net proceeds received by Canadian Natural from the issuance and sale of the Notes will be used for general corporate purposes. Canadian Natural may also use the proceeds for the repayment of indebtedness. The net proceeds that are not utilized immediately may be invested in short-term marketable securities. The Notes were issued under the Company's Canadian base shelf prospectus dated August 28, 2025 that allows for the issuance of debt securities in an aggregate principal amount of up to C$3.0 billion. The offering is targeted to close on December 8, 2025, subject to customary closing conditions. The short form base shelf prospectus and the pricing supplement relating to the Notes contain important detailed information about the Notes. Copies of these documents are, and in the case of the pricing supplement will be, available electronically on SEDAR+ at www.sedarplus.ca.

*This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.*

Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The Company does not undertake to update forward-looking statements except as required by applicable securities laws. Refer to our website for detailed forward-looking statements and notes regarding Non-GAAP and Other Financial Measures at www.cnrl.com.

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Canadian Natural is a senior crude oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore Africa.

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| |
|:---|
| **CANADIAN NATURAL RESOURCES LIMITED**<br>T (403) 517-6700 F (403) 517-7350 E ir@cnrl.com<br>2100, 855 - 2 Street S.W. Calgary, Alberta, T2P 4J8<br>www.cnrl.com |
| **SCOTT G. STAUTH**<br>President<br>**VICTOR C. DAREL**<br>Chief Financial Officer<br>**LANCE J. CASSON**<br>Manager, Investor Relations<br>Trading Symbol - CNQ<br>Toronto Stock Exchange<br>New York Stock Exchange |

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Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The Company does not undertake to update forward-looking statements except as required by applicable securities laws. Refer to our website for detailed forward-looking statements and notes regarding Non-GAAP and Other Financial Measures at www.cnrl.com.