Canadian Natural Resources Ltd beat estimates for quarterly profit on Thursday, as higher prices for Canadian crude helped offset lower production.The previous government of Alberta, Canada's major oil-producing province, imposed curtailments in January in a rare step to drain a glut of oil in storage and lift prices.Congested pipelines have caused the Canadian industry's growth to lag that of other countries such as the United States, and soured investor sentiment.Canadian Natural [Read more]
Archives for August 2019
Canadian Natural Resources quarterly profit falls 18.5%
Canadian Natural Resources Ltd reported an 18.5% fall in quarterly adjusted profit on Thursday, hit by lower production and higher operating costs per barrel.The company's adjusted earnings came in at C$1.04 billion, or 87 Canadian cents per share, in the second quarter ended June 30, from C$1.28 billion, or C$1.04 per share, a year earlier. Quarterly daily production fell to 1.03 million barrels of oil equivalent per day (boe/d) from 1.05 million boe/d. (Reporting by Taru Jain) [Read more]
Canadian Natural Resources Limited Announces Quarterly Dividend
CALGARY, Alberta, Aug. 01, 2019 (GLOBE NEWSWIRE) -- Canadian Natural Resources Limited announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.375 (thirty-seven and one half cents) per common share. The dividend will be payable October 1, 2019 to shareholders of record at the close of business on September 13, 2019. Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western [Read more]
Oilsands CEOs take federal election message to voters in full-page newspaper ads
CALGARY - Three of Canada's biggest oilsands producers are going directly to voters today to ask them to "influence the outcome" of big decisions concerning the oil and gas sector as a fall federal election looms. In full-page ads in about 30 English and French daily newspapers across Canada, the CEOs of Canadian Natural Resources Ltd., Cenovus Energy Inc. and MEG Energy Corp. ask readers to call on "leaders of all political stripes" to lend their support to the energy industry. [Read more]
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