06:45:47 EDT Wed 15 Jul 2020
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Canadian Natural Resources Ltd
Symbol CNQ
Shares Issued 1,184,355,541
Close 2019-11-07 C$ 36.98
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FP/wire say Canadian Natural posts wider Q3 profit

2019-11-08 08:49 ET - In the News

The Financial Post reports in its Friday, Nov. 8, edition that Canadian Natural Resources posted a quarterly profit above analysts' estimates on Thursday, as the country's largest oil producer benefited from higher production. A Reuters dispatch to the Post reports that the Calgary- based company said total production jumped 11 per cent to 1.18 million barrels of oil equivalent per day in the third quarter ended Sept. 30. Alberta introduced mandatory production curbs from Jan. 1 this year to ease congestion on export pipelines. The Alberta government said last week that it would allow companies to produce additional oil if they move it by rail. The company's adjusted earnings were $1.23-billion, compared with $1.35-billion a year earlier. Adjusting for certain items, the company earned $1.04 per share, beating analysts' average estimates of 77 cents, according to IBES data from Refinitiv.

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