Canadian Natural Resources profit more than doubles on higher output
Canadian Natural Resources Ltd ,Canada's largest independent petroleum producer, said onThursday its quarterly profit more than doubled, helped byhigher oil sands production.
The Calgary-based company said net income rose to C$583million, or 47 Canadian cents per share, in the first quarterended March 31, from C$245 million, or 22 Canadian cents, a yearearlier.
Overall daily production rose to 1.12 million barrels of oilequivalent per day (boepd) from 876,907 boepd.
(Reporting by Karan Nagarkatti in Bengaluru; Editing by AmruthaGayathri)