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Stock impact report

Canadian Natural Resources beats profit estimates on higher production [BNN Bloomberg (Canada)]

Canadian Natural Resources Limited (CNQ) 
Last canadian natural resources limited earnings: 3/5 05:00 am Check Earnings Report
US:NYSE Investor Relations: cnrl.com/investor-information
Company Research Source: BNN Bloomberg
Canadian oil sands producers, including Canadian Natural Resources, have weathered a global sector downturn, hit by U.S. tariff uncertainty and rising OPEC+ supply, thanks to years of investment that kept their costs among the lowest in North America. The country's largest oil and gas producer said its output jumped 12.8 per cent from a year earlier to a record 1.66 million barrels of oil equivalent per day (boepd) in the fourth quarter. Canadian Natural also raised its 2026 production forecast to 1.62-1.67 million boepd, from 1.59-1.65 million boepd projected earlier. The Calgary, Alberta-based company posted an adjusted profit of 82 Canadian cents per share for the three months ended December 31, compared with analysts' average estimate of 69 Canadian cents, according to data compiled by LSEG. Its U.S.-listed shares were up 2.2 per cent in premarket trading. Crude prices under pressure The quarter played out amid a weaker oil environment, as crude prices came under pres Show less Read more
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