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CANADIAN NATURAL RESOURCES LTD. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated October 25, 2026.

  • 40Reported items
  • 394Asset managers
  • 6,082Fund votes
  • May 8, 2025Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from CANADIAN NATURAL RESOURCES LTD. has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

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

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

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

Each item below shows how the 394 asset managers that disclosed a CANADIAN NATURAL RESOURCES LTD. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of CANADIAN NATURAL RESOURCES LTD.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. ELECTION OF DIRECTOR: ANNETTE M. VERSCHUREN

Combines 5 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 124 asset managers

The 124 asset managers below reported 366,854,259 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 366,854,259
Largest asset managers voting on “ELECTION OF DIRECTOR: ANNETTE M. VERSCHUREN” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard43,021,9330 00For
T. Rowe Price30,677,7000 00For
AMG FUNDS23,680,0000 00For
Fidelity23,287,8000 00For
BlackRock11,721,1850 00For
EUPAC FUND9,287,1570 00For
Investment Managers Series Trust9,189,3600 00For
Jackson National7,275,1950 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
Charles Schwab5,895,3580 00For
JANUS INVESTMENT FUND5,619,8100 00For
John Hancock4,666,4500 00For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon1,896,1820 00For
Pacer Funds Trust1,806,1830 00For
Legg Mason1,575,2020 00For
Bridge Builder Trust1,470,5500 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
JPMorgan1,237,9410 00For
State Street1,116,3670 00For
Putnam766,1680 00For

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

2. ELECTION OF DIRECTOR: CATHERINE M. BEST

Combines 5 wordings of this item as funds reported it.

99.6% of fund votes cast · no official result

FOR
Details: votes by 124 asset managers

The 124 asset managers below reported 365,511,197 for, 10,981 against, 1,258,961 withheld, 73,120 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 365,511,197AGAINST: 10,981ABSTAIN: 73,120WITHHOLD: 1,258,961
Largest asset managers voting on “ELECTION OF DIRECTOR: CATHERINE M. BEST” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard43,021,9330 00For
T. Rowe Price30,677,7000 00For
AMG FUNDS23,680,0000 00For
Fidelity23,287,8000 00For
BlackRock11,721,1850 00For
EUPAC FUND9,287,1570 00For
Investment Managers Series Trust9,189,3600 00For
Jackson National7,275,1950 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
Charles Schwab5,895,3580 00For
JANUS INVESTMENT FUND5,619,8100 00For
John Hancock4,593,3300 73,1200For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon1,896,1820 00For
Pacer Funds Trust1,806,1830 00For
Legg Mason1,575,2020 00For
Bridge Builder Trust1,470,5500 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
JPMorgan1,237,9410 00For
State Street00 01,116,367Withhold
Putnam766,1680 00For

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

3. ELECTION OF DIRECTOR: CHRISTINE M. HEALY

Combines 5 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 124 asset managers

The 124 asset managers below reported 366,852,755 for, 1,504 withheld. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 366,852,755WITHHOLD: 1,504
Largest asset managers voting on “ELECTION OF DIRECTOR: CHRISTINE M. HEALY” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard43,021,9330 00For
T. Rowe Price30,677,7000 00For
AMG FUNDS23,680,0000 00For
Fidelity23,287,8000 00For
BlackRock11,721,1850 00For
EUPAC FUND9,287,1570 00For
Investment Managers Series Trust9,189,3600 00For
Jackson National7,275,1950 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
Charles Schwab5,895,3580 00For
JANUS INVESTMENT FUND5,619,8100 00For
John Hancock4,666,4500 00For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon1,896,1820 00For
Pacer Funds Trust1,806,1830 00For
Legg Mason1,575,2020 00For
Bridge Builder Trust1,470,5500 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
JPMorgan1,237,9410 00For
State Street1,116,3670 00For
Putnam766,1680 00For

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

4. ELECTION OF DIRECTOR: CHRISTOPHER L. FONG

Combines 5 wordings of this item as funds reported it.

99.7% of fund votes cast · no official result

FOR
Details: votes by 124 asset managers

The 124 asset managers below reported 366,043,617 for, 810,642 withheld. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 366,043,617WITHHOLD: 810,642
Largest asset managers voting on “ELECTION OF DIRECTOR: CHRISTOPHER L. FONG” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard43,021,9330 00For
T. Rowe Price30,677,7000 00For
AMG FUNDS23,680,0000 00For
Fidelity23,287,8000 00For
BlackRock11,721,1850 00For
EUPAC FUND9,287,1570 00For
Investment Managers Series Trust9,189,3600 00For
Jackson National7,275,1950 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
Charles Schwab5,895,3580 00For
JANUS INVESTMENT FUND5,619,8100 00For
John Hancock4,666,4500 00For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon1,896,1820 00For
Pacer Funds Trust1,806,1830 00For
Legg Mason1,575,2020 00For
Bridge Builder Trust1,470,5500 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
JPMorgan1,237,9410 00For
State Street1,116,3670 00For
Putnam766,1680 00For

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

5. ELECTION OF DIRECTOR: DAVID A. TUER

Combines 5 wordings of this item as funds reported it.

99.6% of fund votes cast · no official result

FOR
Details: votes by 124 asset managers

The 124 asset managers below reported 365,266,837 for, 113,430 against, 1,260,461 withheld, 213,531 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 365,266,837AGAINST: 113,430ABSTAIN: 213,531WITHHOLD: 1,260,461
Largest asset managers voting on “ELECTION OF DIRECTOR: DAVID A. TUER” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard43,021,9330 00For
T. Rowe Price30,677,7000 00For
AMG FUNDS23,680,0000 00For
Fidelity23,287,8000 00For
BlackRock11,721,1850 00For
EUPAC FUND9,287,1570 00For
Investment Managers Series Trust9,189,3600 00For
Jackson National7,275,1950 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
Charles Schwab5,895,3580 00For
JANUS INVESTMENT FUND5,619,8100 00For
John Hancock4,593,3300 73,1200For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon1,896,1820 00For
Pacer Funds Trust1,806,1830 00For
Legg Mason1,575,2020 00For
Bridge Builder Trust1,470,5500 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
JPMorgan1,237,9410 00For
State Street00 01,116,367Withhold
Putnam766,1680 00For

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

6. ELECTION OF DIRECTOR: M. ELIZABETH CANNON

Combines 5 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 124 asset managers

The 124 asset managers below reported 366,854,259 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 366,854,259
Largest asset managers voting on “ELECTION OF DIRECTOR: M. ELIZABETH CANNON” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard43,021,9330 00For
T. Rowe Price30,677,7000 00For
AMG FUNDS23,680,0000 00For
Fidelity23,287,8000 00For
BlackRock11,721,1850 00For
EUPAC FUND9,287,1570 00For
Investment Managers Series Trust9,189,3600 00For
Jackson National7,275,1950 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
Charles Schwab5,895,3580 00For
JANUS INVESTMENT FUND5,619,8100 00For
John Hancock4,666,4500 00For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon1,896,1820 00For
Pacer Funds Trust1,806,1830 00For
Legg Mason1,575,2020 00For
Bridge Builder Trust1,470,5500 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
JPMorgan1,237,9410 00For
State Street1,116,3670 00For
Putnam766,1680 00For

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

7. ELECTION OF DIRECTOR: N. MURRAY EDWARDS

Combines 5 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 124 asset managers

The 124 asset managers below reported 366,426,742 for, 124,411 against, 162,695 withheld, 140,411 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 366,426,742AGAINST: 124,411ABSTAIN: 140,411WITHHOLD: 162,695
Largest asset managers voting on “ELECTION OF DIRECTOR: N. MURRAY EDWARDS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard43,021,9330 00For
T. Rowe Price30,677,7000 00For
AMG FUNDS23,680,0000 00For
Fidelity23,287,8000 00For
BlackRock11,721,1850 00For
EUPAC FUND9,287,1570 00For
Investment Managers Series Trust9,189,3600 00For
Jackson National7,275,1950 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
Charles Schwab5,895,3580 00For
JANUS INVESTMENT FUND5,619,8100 00For
John Hancock4,666,4500 00For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon1,896,1820 00For
Pacer Funds Trust1,806,1830 00For
Legg Mason1,575,2020 00For
Bridge Builder Trust1,470,5500 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
JPMorgan1,237,9410 00For
State Street1,116,3670 00For
Putnam766,1680 00For

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

8. ELECTION OF DIRECTOR: SCOTT G. STAUTH

Combines 5 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 124 asset managers

The 124 asset managers below reported 366,854,259 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 366,854,259
Largest asset managers voting on “ELECTION OF DIRECTOR: SCOTT G. STAUTH” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard43,021,9330 00For
T. Rowe Price30,677,7000 00For
AMG FUNDS23,680,0000 00For
Fidelity23,287,8000 00For
BlackRock11,721,1850 00For
EUPAC FUND9,287,1570 00For
Investment Managers Series Trust9,189,3600 00For
Jackson National7,275,1950 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
Charles Schwab5,895,3580 00For
JANUS INVESTMENT FUND5,619,8100 00For
John Hancock4,666,4500 00For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon1,896,1820 00For
Pacer Funds Trust1,806,1830 00For
Legg Mason1,575,2020 00For
Bridge Builder Trust1,470,5500 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
JPMorgan1,237,9410 00For
State Street1,116,3670 00For
Putnam766,1680 00For

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

9. ELECTION OF DIRECTOR: STEVE W. LAUT

Combines 5 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 124 asset managers

The 124 asset managers below reported 366,854,259 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 366,854,259
Largest asset managers voting on “ELECTION OF DIRECTOR: STEVE W. LAUT” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard43,021,9330 00For
T. Rowe Price30,677,7000 00For
AMG FUNDS23,680,0000 00For
Fidelity23,287,8000 00For
BlackRock11,721,1850 00For
EUPAC FUND9,287,1570 00For
Investment Managers Series Trust9,189,3600 00For
Jackson National7,275,1950 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
Charles Schwab5,895,3580 00For
JANUS INVESTMENT FUND5,619,8100 00For
John Hancock4,666,4500 00For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon1,896,1820 00For
Pacer Funds Trust1,806,1830 00For
Legg Mason1,575,2020 00For
Bridge Builder Trust1,470,5500 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
JPMorgan1,237,9410 00For
State Street1,116,3670 00For
Putnam766,1680 00For

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

10. ELECTION OF DIRECTOR: WILFRED A. GOBERT

Combines 5 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 124 asset managers

The 124 asset managers below reported 366,597,414 for, 113,430 against, 3,004 withheld, 140,411 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 366,597,414AGAINST: 113,430ABSTAIN: 140,411WITHHOLD: 3,004
Largest asset managers voting on “ELECTION OF DIRECTOR: WILFRED A. GOBERT” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard43,021,9330 00For
T. Rowe Price30,677,7000 00For
AMG FUNDS23,680,0000 00For
Fidelity23,287,8000 00For
BlackRock11,721,1850 00For
EUPAC FUND9,287,1570 00For
Investment Managers Series Trust9,189,3600 00For
Jackson National7,275,1950 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
Charles Schwab5,895,3580 00For
JANUS INVESTMENT FUND5,619,8100 00For
John Hancock4,666,4500 00For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon1,896,1820 00For
Pacer Funds Trust1,806,1830 00For
Legg Mason1,575,2020 00For
Bridge Builder Trust1,470,5500 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
JPMorgan1,237,9410 00For
State Street1,116,3670 00For
Putnam766,1680 00For

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

11. Elect Director Frank J. McKenna

No official resultsDIRECTOR ELECTIONS

Combines 6 wordings of this item as funds reported it.

99.6% of fund votes cast · no official result

FOR
Details: votes by 107 asset managers

The 107 asset managers below reported 351,762,252 for, 10,981 against, 1,157,965 withheld, 140,411 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 351,762,252AGAINST: 10,981ABSTAIN: 140,411WITHHOLD: 1,157,965
Largest asset managers voting on “Elect Director Frank J. McKenna” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard43,021,9330 00For
T. Rowe Price30,677,7000 00For
AMG FUNDS23,680,0000 00For
Fidelity23,287,8000 00For
BlackRock11,115,0030 00For
EUPAC FUND9,287,1570 00For
Jackson National7,275,1950 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
Charles Schwab5,895,3580 00For
JANUS INVESTMENT FUND5,619,8100 00For
John Hancock3,982,6280 00For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon1,896,1820 00For
Legg Mason1,575,2020 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
JPMorgan1,237,9410 00For
Pacer Funds Trust1,164,4400 00For
State Street00 01,116,367Withhold
Putnam766,1680 00For
American Century754,6030 00For
SEI753,5840 00For

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

12. Elect Director Gordon D. Giffin

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

98% of fund votes cast · no official result

FOR
Details: votes by 80 asset managers

The 80 asset managers below reported 295,955,810 for, 6,637,824 withheld, 10,981 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 295,955,810ABSTAIN: 10,981WITHHOLD: 6,637,824
Largest asset managers voting on “Elect Director Gordon D. Giffin” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard43,021,9330 00For
T. Rowe Price30,677,7000 00For
Fidelity23,287,8000 00For
EUPAC FUND9,287,1570 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
Charles Schwab5,895,3580 00For
JANUS INVESTMENT FUND5,619,8100 00For
Voya00 02,809,438Withhold
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon78,3580 01,817,824Withhold
Legg Mason1,575,2020 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
State Street00 01,116,367Withhold
Putnam766,1680 00For
American Century754,6030 00For
SEI753,5840 00For
JANUS ASPEN SERIES736,4740 00For
Russell Investments613,6460 00For
Hartford424,9060 0123,654Mixed
AQR486,6360 00For
DWS483,9470 00For
Principal165,9210 0299,389Mixed

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

13. DIRECTOR: AMB. GORDON D. GIFFIN

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 30 asset managers

The 30 asset managers below reported 50,325,083 for, 1,500 withheld, 140,411 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 50,325,083ABSTAIN: 140,411WITHHOLD: 1,500
Largest asset managers voting on “DIRECTOR: AMB. GORDON D. GIFFIN” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
AMG FUNDS23,680,0000 00For
BlackRock11,115,0030 00For
Jackson National7,275,1950 00For
John Hancock3,982,6280 00For
JPMorgan1,237,9410 00For
Pacer Funds Trust1,164,4400 00For
PERMANENT PORTFOLIO FAMILY OF FUNDS450,0000 00For
Allianz439,0850 00For
Calamos259,4900 00For
TIMOTHY PLAN148,8740 00For
Amplify ETF Trust00 140,4110Abstain
HARBOR FUNDS116,4520 00For
UNIFIED SERIES TRUST114,9100 00For
DIAMOND HILL FUNDS101,7640 00For
EA Series Trust78,5730 00For
MASTER INVESTMENT PORTFOLIO29,5170 00For
Investment Managers Series Trust27,4000 00For
American Beacon Institutional Funds Trust26,4700 00For
Lincoln Financial24,5750 00For
Guardian Variable Products Trust17,5230 00For
ETF Opportunities Trust12,2870 00For
RBB FUND, INC.10,0510 00For
Gateway Trust6,9280 00For
SPIRIT OF AMERICA INVESTMENT FUND INC4,0000 00For
CITY NATIONAL ROCHDALE FUNDS1,7870 00For

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

14. ELECTION OF DIRECTOR: AMBASSADOR GORDON D. GIFFIN

99.1% of fund votes cast · no official result

FOR
Details: votes by 24 asset managers

The 24 asset managers below reported 13,596,100 for, 113,430 against, 73,120 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 13,596,100AGAINST: 113,430ABSTAIN: 73,120
Largest asset managers voting on “ELECTION OF DIRECTOR: AMBASSADOR GORDON D. GIFFIN” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust9,161,9600 00For
Bridge Builder Trust1,470,5500 00For
John Hancock610,7020 73,1200Mixed
Pacer Funds Trust641,7430 00For
BlackRock606,1820 00For
Six Circles Trust527,2520 00For
Cambria ETF Trust96,2310 00For
Advisors' Inner Circle Fund III090,420 00Against
SCHWARTZ INVESTMENT TRUST79,8000 00For
PFM Multi-Manager Series Trust64,9700 00For
Two Roads Shared Trust58,3090 00For
Northern Lights Fund Trust IV57,9470 00For
LKCM Funds36,6420 00For
Listed Funds Trust31,9290 00For
Tidal Trust I30,2550 00For
WILSHIRE MUTUAL FUNDS INC28,8820 00For
Investment Managers Series Trust II25,9080 00For
Allianz21,7970 00For
Forethought Variable Insurance Trust20,2050 00For
ETF Series Solutions015,648 00Against
GPS Funds I10,2580 00For
TIMOTHY PLAN8,6770 00For
NEOS ETF Trust07,362 00Against
SP Funds Trust5,9010 00For

15. ELECTION OF DIRECTOR: HONOURABLE FRANK J. MCKENNA

99.1% of fund votes cast · no official result

FOR
Details: votes by 24 asset managers

The 24 asset managers below reported 13,596,100 for, 113,430 against, 73,120 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 13,596,100AGAINST: 113,430ABSTAIN: 73,120
Largest asset managers voting on “ELECTION OF DIRECTOR: HONOURABLE FRANK J. MCKENNA” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust9,161,9600 00For
Bridge Builder Trust1,470,5500 00For
John Hancock610,7020 73,1200Mixed
Pacer Funds Trust641,7430 00For
BlackRock606,1820 00For
Six Circles Trust527,2520 00For
Cambria ETF Trust96,2310 00For
Advisors' Inner Circle Fund III090,420 00Against
SCHWARTZ INVESTMENT TRUST79,8000 00For
PFM Multi-Manager Series Trust64,9700 00For
Two Roads Shared Trust58,3090 00For
Northern Lights Fund Trust IV57,9470 00For
LKCM Funds36,6420 00For
Listed Funds Trust31,9290 00For
Tidal Trust I30,2550 00For
WILSHIRE MUTUAL FUNDS INC28,8820 00For
Investment Managers Series Trust II25,9080 00For
Allianz21,7970 00For
Forethought Variable Insurance Trust20,2050 00For
ETF Series Solutions015,648 00Against
GPS Funds I10,2580 00For
TIMOTHY PLAN8,6770 00For
NEOS ETF Trust07,362 00Against
SP Funds Trust5,9010 00For

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.01 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.02 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.03 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.04 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.05 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.06 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.07 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.08 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.09 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.10 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.11 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 1.12 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 2 'IN FAVOR' OR 'WITHHOLD' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

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

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 3 'IN FAVOR' OR 'AGAINST' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

30. PLEASE NOTE RESOLUTION 4 'IN FAVOR' OR 'AGAINST' ARE THE ONLY AVAILABLE VOTING OPTIONS

— of fund votes cast · no official result

UNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 25,908 unknown.

UNKNOWN: 25,908
Largest asset managers voting on “PLEASE NOTE RESOLUTION 4 'IN FAVOR' OR 'AGAINST' ARE THE ONLY AVAILABLE VOTING OPTIONS” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Northern Lights Fund Trust IV00 00--

31. Re-approve Stock Option Plan

57% Fund and manager reports combined; may count the same shares twice · no official result

FORAGAINST
Details: votes by 74 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 72 asset managers voting on “Re-approve Stock Option Plan” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group28,757,780118,535,289 00Mixed
Vanguard37,332,9570 00For
T. Rowe Price30,677,7000 00For
Fidelity23,287,8000 00For
EUPAC FUND2,966,0396,321,118 00Mixed
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA6,550,631583,864 00Mixed
JANUS INVESTMENT FUND5,619,8100 00For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon1,896,1820 00For
Legg Mason1,575,2020 00For
Invesco635,084814,239 00Mixed
Franklin Investors Securities Trust1,350,0000 00For
State Street1,116,3670 00For
Putnam766,1680 00For
American Century754,6030 00For
JANUS ASPEN SERIES736,4740 00For
AQR486,6360 00For
DWS483,9470 00For
Principal462,9200 00For
Franklin Templeton452,4490 00For
First Trust444,6200 00For
Cohen & Steers373,1900 00For
Goehring & Rozencwajg Investment Funds351,8400 00For

Fund voting reports, all 72 managers: 162,328,351 for, 126,610,066 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 2 asset managers voting on “Re-approve Stock Option Plan” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Dixon Mitchell Investment Counsel Inc.1,992,7240 00For
Close Asset Management Ltd1,260,9480 00For

Institutional-manager reports, all 2 managers: 3,253,672 for.

32. TO VOTE ON APPROVING ALL UNALLOCATED STOCK OPTIONS PURSUANT TO THE AMENDED, COMPILED AND RESTRICTED EMPLOYEE STOCK…

Combines 3 wordings of this item as funds reported it.

99.8% of fund votes cast · no official result

FOR
Details: description as filed, votes by 52 asset managers

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

The 52 asset managers below reported 64,223,034 for, 78,573 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 64,223,034AGAINST: 78,573
Largest asset managers voting on “TO VOTE ON APPROVING ALL UNALLOCATED STOCK OPTIONS PURSUANT TO THE AMENDED, COMPILED AND RESTRICTED EMPLOYEE S” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
AMG FUNDS23,680,0000 00For
BlackRock11,721,1850 00For
Investment Managers Series Trust9,189,3600 00For
Jackson National7,275,1950 00For
John Hancock4,666,4500 00For
Pacer Funds Trust1,806,1830 00For
Bridge Builder Trust1,470,5500 00For
JPMorgan1,237,9410 00For
Six Circles Trust527,2520 00For
Allianz460,8820 00For
PERMANENT PORTFOLIO FAMILY OF FUNDS450,0000 00For
Calamos259,4900 00For
TIMOTHY PLAN157,5510 00For
Amplify ETF Trust140,4110 00For
HARBOR FUNDS116,4520 00For
UNIFIED SERIES TRUST114,9100 00For
DIAMOND HILL FUNDS101,7640 00For
Cambria ETF Trust96,2310 00For
Advisors' Inner Circle Fund III90,4200 00For
SCHWARTZ INVESTMENT TRUST79,8000 00For
EA Series Trust078,573 00Against
PFM Multi-Manager Series Trust64,9700 00For
Two Roads Shared Trust58,3090 00For
Northern Lights Fund Trust IV57,9470 00For
UNITED CAPITAL FINANCIAL ADVISORS, LLC50,0610 00For

Showing the 25 largest of 52 asset managers. See all 52 in the interactive database.

33. Stock Option Plan Renewal

99.9% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 16 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 12 asset managers voting on “Stock Option Plan Renewal” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab5,895,3580 00For
Vanguard5,688,9760 00For
SEI753,5840 00For
Russell Investments613,6460 00For
Hartford548,5600 00For
Morningstar Funds Trust80,6450 00For
Equitable52,1040 00For
GUINNESS ATKINSON FUNDS10,9810 00For
Brighthouse9,8020 00For
VanEck ETF Trust5,9810 00For
Federated Hermes4,1710 00For
Principal2,3900 00For

Fund voting reports, all 12 managers: 13,666,198 for.

Institutional-manager reports: 4 asset managers voting on “Stock Option Plan Renewal” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
LOUISBOURG INVESTMENTS INC.154,9460 00For
FAYEZ SAROFIM & CO6680 00For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma3880 00For
Genus Capital Management Inc.035 00Against

Institutional-manager reports, all 4 managers: 156,002 for, 35 against.

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

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

Combines 12 wordings of this item as funds reported it.

99.7% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 294 asset managers

Description as filed by funds: On an advisory basis, accepting the Corporation's approach to executive compensation as described in the Information Circular.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 46 asset managers voting on “On an advisory basis, accepting the Corporation's approach to executive compensation as described in the Infor” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
AMG FUNDS23,680,0000 00For
BlackRock11,721,1850 00For
Investment Managers Series Trust9,189,3600 00For
Jackson National7,275,1950 00For
John Hancock4,666,4500 00For
Pacer Funds Trust1,806,1830 00For
Bridge Builder Trust1,470,5500 00For
JPMorgan1,237,9410 00For
Six Circles Trust527,2520 00For
Allianz460,8820 00For
PERMANENT PORTFOLIO FAMILY OF FUNDS450,0000 00For
Calamos259,4900 00For
TIMOTHY PLAN157,5510 00For
Amplify ETF Trust140,4110 00For
HARBOR FUNDS116,4520 00For
UNIFIED SERIES TRUST114,9100 00For
DIAMOND HILL FUNDS101,7640 00For
Cambria ETF Trust96,2310 00For
Advisors' Inner Circle Fund III90,4200 00For
SCHWARTZ INVESTMENT TRUST79,8000 00For
EA Series Trust78,5730 00For
PFM Multi-Manager Series Trust64,9700 00For
Two Roads Shared Trust58,3090 00For
Northern Lights Fund Trust IV57,9470 00For
LKCM Funds36,6420 00For

Fund voting reports, all 46 managers: 64,248,222 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 246 asset managers voting on “On an advisory basis, accepting the Corporation's approach to executive compensation as described in the Infor” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock72,775,6670 00For
1832 Asset Management L.P.32,582,7560 00For
WCM INVESTMENT MANAGEMENT, LLC8,059,2630 00For
SCOTIA CAPITAL INC.11,158,4910 00For
EdgePoint Investment Group Inc.5,498,3550 00For
Northern Trust3,840,1740 00For
Foyston, Gordon & Payne Inc2,387,2940 00For
CRAWFORD INVESTMENT COUNSEL INC2,092,3450 00For
Merewether Investment Management, LP1,830,3070 00For
FIRST MANHATTAN CO. LLC.1,405,5000 00For
GW&K Investment Management, LLC1,133,1250 00For
South Dakota Investment Council1,014,6880 00For
ENVESTNET ASSET MANAGEMENT INC952,6750 00For
Yaupon Capital Management LP853,2390 00For
Galibier Capital Management Ltd.667,0250 00For
Korea Investment CORP664,7010 00For
Mudita Advisors LLP637,0440 00For
Rempart Asset Management Inc.613,8400 00For
BANK OF NOVA SCOTIA580,0000 00For
AGF MANAGEMENT LTD570,2050 00For
Corient Private Wealth LLC467,7530 00For
EXENCIAL WEALTH ADVISORS, LLC445,3040 00For
RAYMOND JAMES & ASSOCIATES369,9020 00For
Natixis325,6230 00For
Old West Investment Management, LLC280,7360 00For

Institutional-manager reports, all 246 managers: 155,173,866 for, 566,711 against, 4,000 not voted, 3,967,826 mixed. Showing the 25 largest; see all in the interactive database.

35. Advisory Vote on Executive Compensation Approach

98% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 80 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 72 asset managers voting on “Advisory Vote on Executive Compensation Approach” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard37,332,9570 00For
T. Rowe Price30,677,7000 00For
Fidelity23,287,8000 00For
EUPAC FUND9,287,1570 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
JANUS INVESTMENT FUND5,619,8100 00For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon1,896,1820 00For
Legg Mason1,575,2020 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
State Street1,116,3670 00For
Putnam766,1680 00For
American Century754,6030 00For
JANUS ASPEN SERIES736,4740 00For
AQR486,6360 00For
DWS483,9470 00For
Principal462,9200 00For
Franklin Templeton452,4490 00For
First Trust444,6200 00For
Cohen & Steers373,1900 00For
Goehring & Rozencwajg Investment Funds351,8400 00For

Fund voting reports, all 72 managers: 288,938,417 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 8 asset managers voting on “Advisory Vote on Executive Compensation Approach” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Desjardins Global Asset Management Inc.06,187,847 00Against
JPMorgan2,373,2000 00For
Dixon Mitchell Investment Counsel Inc.1,992,7240 00For
Close Asset Management Ltd1,260,9480 00For
MILLER HOWARD INVESTMENTS INC /NY596,1150 00For
CIDEL ASSET MANAGEMENT INC156,1260 00For
Wilshire Advisors LLC26,7330 00For
Qtron Investments LLC1,0580 00For

Institutional-manager reports, all 8 managers: 6,406,904 for, 6,187,847 against.

36. Advisory Vote to Ratify Named Executive Officers' Compensation

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

99.4% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 24 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 12 asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab5,895,3580 00For
Vanguard5,688,9760 00For
SEI753,5840 00For
Russell Investments613,6460 00For
Hartford424,906123,654 00Mixed
Morningstar Funds Trust80,6450 00For
Equitable52,1040 00For
GUINNESS ATKINSON FUNDS010,981 00Against
Brighthouse09,802 00Against
VanEck ETF Trust5,9810 00For
Federated Hermes4,1710 00For
Principal2,3900 00For

Fund voting reports, all 12 managers: 13,521,761 for, 144,437 against.

Institutional-manager reports: 11 asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
TD ASSET MANAGEMENT INC42,545,4150 00For
TD Waterhouse Canada Inc.7,544,7220 00For
Regime de rentes du Mouvement Desjardins0211,230 00Against
LOUISBOURG INVESTMENTS INC.154,9460 00For
Colony Family Offices, LLC2,5700 00For
Athena Investment Management01,000 00Against
FAYEZ SAROFIM & CO6680 00For
Triasima Portfolio Management inc.0450 00Against
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma3880 00For
Cornerstone Investment Partners, LLC3800 00For
Genus Capital Management Inc.016 00Against

Institutional-manager reports, all 11 managers: 50,249,089 for, 212,696 against.

37. 14A Executive Compensation

No official resultsSECTION 14A SAY-ON-PAY VOTES

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 55,857 for, 504 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 55,857UNKNOWN: 504
Largest asset managers voting on “14A Executive Compensation” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Interval Partners, LP25,5390 00For
MQS Management LLC15,0250 00For
Wallington Asset Management, LLC13,0250 00For
Claret Asset Management Corp1,9210 00For
LEAVELL INVESTMENT MANAGEMENT, INC.00 00--
Baker Avenue Asset Management, LP2030 00For
Inlet Private Wealth, LLC1440 00For
Focus Partners Wealth00 00--

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

No official resultsAUDIT-RELATED

99.2% of fund votes cast · no official result

FOR
Details: votes by 72 asset managers

The 72 asset managers below reported 286,723,940 for, 2,214,477 withheld. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 286,723,940WITHHOLD: 2,214,477
Largest asset managers voting on “Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group147,293,0690 00For
Vanguard37,332,9570 00For
T. Rowe Price30,677,7000 00For
Fidelity23,287,8000 00For
EUPAC FUND9,287,1570 00For
Dimensional7,256,8600 00For
INVESTMENT CO OF AMERICA7,134,4950 00For
JANUS INVESTMENT FUND5,619,8100 00For
Voya2,809,4380 00For
PENN SERIES FUNDS INC2,221,7540 00For
BNY Mellon78,3580 01,817,824Withhold
Legg Mason1,575,2020 00For
Invesco1,449,3230 00For
Franklin Investors Securities Trust1,350,0000 00For
State Street1,116,3670 00For
Putnam766,1680 00For
American Century754,6030 00For
JANUS ASPEN SERIES736,4740 00For
AQR486,6360 00For
DWS483,9470 00For
Principal163,5310 0299,389Mixed
Franklin Templeton452,4490 00For
First Trust444,6200 00For
Cohen & Steers373,1900 00For
Goehring & Rozencwajg Investment Funds351,8400 00For

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

39. The appointment of PricewaterhouseCoopers LLP, Chartered Accountants, Calgary, Alberta, as auditors of the Corporation…

No official resultsSECTION 14A SAY-ON-PAY VOTES

Combines 4 wordings of this item as funds reported it.

99.6% of fund votes cast · no official result

FOR
Details: description as filed, votes by 50 asset managers

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

The 50 asset managers below reported 63,995,205 for, 113,430 against, 141,911 withheld. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 63,995,205AGAINST: 113,430WITHHOLD: 141,911
Largest asset managers voting on “The appointment of PricewaterhouseCoopers LLP, Chartered Accountants, Calgary, Alberta, as auditors of the Cor” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
AMG FUNDS23,680,0000 00For
BlackRock11,721,1850 00For
Investment Managers Series Trust9,189,3600 00For
Jackson National7,275,1950 00For
John Hancock4,666,4500 00For
Pacer Funds Trust1,806,1830 00For
Bridge Builder Trust1,470,5500 00For
JPMorgan1,237,9410 00For
Six Circles Trust527,2520 00For
Allianz460,8820 00For
PERMANENT PORTFOLIO FAMILY OF FUNDS450,0000 00For
Calamos259,4900 00For
TIMOTHY PLAN157,5510 00For
Amplify ETF Trust00 0140,411Withhold
HARBOR FUNDS116,4520 00For
UNIFIED SERIES TRUST114,9100 00For
DIAMOND HILL FUNDS101,7640 00For
Cambria ETF Trust96,2310 00For
Advisors' Inner Circle Fund III090,420 00Against
SCHWARTZ INVESTMENT TRUST79,8000 00For
EA Series Trust78,5730 00For
PFM Multi-Manager Series Trust64,9700 00For
Two Roads Shared Trust58,3090 00For
Northern Lights Fund Trust IV57,9470 00For
LKCM Funds36,6420 00For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

40. Appointment of Auditor and Authority to Set Fees

No official resultsAUDIT-RELATED

99% of fund votes cast · no official result

FOR
Details: votes by 12 asset managers

The 12 asset managers below reported 13,521,761 for, 10,981 against, 133,456 withheld. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 13,521,761AGAINST: 10,981WITHHOLD: 133,456
Largest asset managers voting on “Appointment of Auditor and Authority to Set Fees” at CANADIAN NATURAL RESOURCES LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab5,895,3580 00For
Vanguard5,688,9760 00For
SEI753,5840 00For
Russell Investments613,6460 00For
Hartford424,9060 0123,654Mixed
Morningstar Funds Trust80,6450 00For
Equitable52,1040 00For
GUINNESS ATKINSON FUNDS010,981 00Against
Brighthouse00 09,802Withhold
VanEck ETF Trust5,9810 00For
Federated Hermes4,1710 00For
Principal2,3900 00For

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

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 2,102,996,000 shares outstanding at the time of that meeting.

Fund voting reports: top CANADIAN NATURAL RESOURCES LTD. shareholders by shares voted on “ELECTION OF DIRECTOR: ANNETTE M. VERSCHUREN”, 2024-2025
#Asset manager % of shares outstanding
1Capital Group 7.00%
2Vanguard 2.05%
3T. Rowe Price 1.46%
4AMG FUNDS 1.13%
5Fidelity 1.11%
6BlackRock 0.56%
7EUPAC FUND 0.44%
8Investment Managers Series Trust 0.44%
9Jackson National 0.35%
10Dimensional 0.35%
Institutional-manager reports: top CANADIAN NATURAL RESOURCES LTD. shareholders by shares voted on “On an advisory basis, accepting the Corporation's approach to executive compensation as…”, 2024-2025
#Asset manager % of shares outstanding
1BlackRock 3.46%
21832 Asset Management L.P. 1.55%
3WCM INVESTMENT MANAGEMENT, LLC 0.57%
4SCOTIA CAPITAL INC. 0.53%
5EdgePoint Investment Group Inc. 0.26%
6Northern Trust 0.18%
7Foyston, Gordon & Payne Inc 0.11%
8CRAWFORD INVESTMENT COUNSEL INC 0.10%
9Merewether Investment Management, LP 0.09%
10FIRST MANHATTAN CO. LLC. 0.07%

Reported CANADIAN NATURAL RESOURCES LTD. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

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

Percentages above are of 2,102,996,000 shares outstanding, as reported by CANADIAN NATURAL RESOURCES LTD. on its Form 40-F dated December 31, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from CANADIAN NATURAL RESOURCES LTD.’s 40-F dated December 31, 2024. This page is a static snapshot rebuilt weekly on October 25, 2026; a live search always shows the current data.

At CANADIAN NATURAL RESOURCES LTD.'s shareholder meeting held May 8, 2025, in the 2024-2025 proxy season, 394 asset managers reported how they voted in their SEC Form N-PX filings, covering 6,082 separate fund positions. Their filings are grouped here into 40 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — On an advisory basis, accepting the Corporation's approach to executive compensation as… — the reporting funds and managers cast 99.7% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

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

Download data (CSV): ballot items · votes by manager · column guide.