Canadian Natural Resources Q4 Profit Dips on Lower Prices ...Middle East

OILPRICE - Economy
Canadian Natural Resources Q4 Profit Dips on Lower Prices
source : OILPRICE ( Middle East ) () 59
Canada’s largest oil and gas producer, Canadian Natural Resources (NYSE: CNQ), saw its net earnings halve for the fourth quarter of 2024 compared to a year earlier as the decline in oil prices more than offset record production. Canadian Natural Resources on Thursday reported US$793 million (C$1.14 billion) in net earnings for the fourth quarter, down from US$1.8 billion (C$2.6 billion) for the same period of 2023. Annual net income also slipped from 2023 levels as oil and gas prices were lower last year compared to the prior year. At the…

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