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Canadian Natural Resources profit more than doubles on higher output

May 3, 2018 3:37 AM
Reuters

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)
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