Canadian Natural Resources

Canadian Natural Resources Q3 profit slips as oil and gas prices fall

October 31, 2024

(Oil Price) – Canada’s largest oil and gas producer, Canadian Natural Resources (NYSE: CNQ), reported lower adjusted net earnings from operations for the third quarter compared to a year earlier amid plunging natural gas prices in North America and lower international crude oil prices. Canadian Natural said on Thursday that its adjusted net earnings from operations for the third quarter stood at US$1.5

Canadian natural gas firms eager for LNG boom swamp market with excess supply

October 11, 2024

(BOE Report) – A huge liquefied natural gas export terminal led by Shell, called LNG Canada, may struggle to dramatically raise Canadian natural gas prices when it starts operating next year because a flood of pent-up supply is waiting to hit the market, analysts said. Gas prices at Alberta’s AECO hub hit a two-year low of 5 Canadian cents per million

Canadian Natural Resources Limited announces the acquisition of Chevron’s Alberta assets and a 7% dividend increase

October 7, 2024

Oil and Gas 360

Expanded Trans Mountain pipeline capacity fails to lift Canadian heavy oil price

August 6, 2024

BOE Report The Trans Mountain oil pipeline expansion (TMX) was meant to shrink the discount on Canadian oil versus U.S. crude but three months in the differential is wider than when commercial operations on the project started. Many analysts had forecast the differential on Western Canada Select (WCS) versus U.S. crude would gradually narrow to single digits thanks to the

U.S.-style oil megadeals “possible” in Canada following historic ExxonMobil, Chevron takeovers

April 9, 2024

World Oil (Bloomberg) – A U.S.-style megadeal is possible in Canada’s oil patch, though the pressures that pushed Exxon Mobil Corp. and Chevron Corp. to pursue large takeovers aren’t as strong north of the border, says Bank of Montreal’s top energy banker. Investors would likely support mergers between major Canadian energy producers that increased scale and improved cost efficiencies —

Canadian Natural Resources lifts dividend after posting record production

March 1, 2024

Oil Price Canadian Natural Resources (NYSE: CNQ) is raising its quarterly dividend as it posted consensus-beating earnings for Q4, driven by record-high oil and natural gas production last year. Canadian Natural Resources, the biggest oil and gas producer in Canada by market capitalization, reported on Thursday adjusted earnings per share of US$1.72 (C$2.34) for the fourth quarter of 2023, higher than the

Canadian Natural Resources’ Q4 profit down from year ago; extreme cold affects output

March 2, 2023

Yahoo Finance CALGARY — Canadian Natural Resources Ltd.’s profits took a hit in the fourth quarter of 2022 as extreme winter weather forced the oilsands giant to reduce production. The Calgary-based company reported Thursday that it earned $1.52 billion or $1.36 per diluted share for the quarter ended Dec. 31, down from $2.53 billion or $2.14 per diluted share

Oil producer Canadian Natural Resources plans to pump record crude in 2023

December 1, 2022

World Oil (Bloomberg) — Canadian Natural Resources Ltd., Canada’s largest oil and gas producer, is aiming to raise production as high as 1 million barrels a day in 2023 for the first time as the company ramps up drilling amid historically high prices. Combined with natural gas, production is forecast to increase by 56,000 barrels of oil equivalent a

Canadian Natural Resources profit beats on higher oil demand, raises dividend

November 4, 2021

Reuters Nov 4 – Canadian Natural Resources Ltd (CNQ.TO) reported a third-quarter profit on Thursday that beat analysts’ estimates, helped by a recovery in oil demand and higher output, and the company said it would increase its dividend. The company, which remained on track to meet its full- year 2021 capital investment target of about $3.48 billion, said the

Canadian Natural sets new emission goals after profit beat

August 5, 2021

Reuters Oil producer Canadian Natural Resources on Thursday set new environmental targets after it beat market estimates for second-quarter profit, buoyed by higher oil prices, which rebounded from pandemic-driven lows. Cash-rich Canadian oil sands producers have come under pressure to meet the country’s goal on energy transition and top companies, including Canadian Natural, said in June they would form an

Canadian Natural Resources Limited announces 2021 first quarter results

May 6, 2021

Calgary, Alberta–(Newsfile Corp. – May 6, 2021) – Commenting on the Company’s first quarter 2…

Resurgent Canadian natgas producers look to horn in on U.S. market

February 16, 2021

Reuters CALGARY, Alberta – Canadian natural gas producers are bouncing back faster from the COVID-19 pandemic than battered U.S. shale firms, putting them in position to boost net gas exports to the United States for the first time in five years. The opportunity for Canadian firms to take a piece of the market back from U.S. rivals reverses one of

Premium Content