Canadian Natural Resources Ltd. reported third-quarter profit of $3 billion, compared with $600 million in the same period last year. [2]
Adjusted earnings were C$1.65 per share, exceeding analyst expectations. Higher crude prices and increased production drove the result. [2, 4, 7]
Revenue climbed to C$12.79 billion from C$9.52 billion a year earlier. [2, 3]
The average realized price for oil and natural gas liquids rose 32% year over year. Realized natural gas prices increased 40%. [4]
Total production edged higher to approximately 1.65 million barrels of oil equivalent per day. [2, 4]