Canadian Natural gains after profit beats estimates on higher oil prices
CNQ•Canadian Natural Resources reported third-quarter adjusted profit of C$1.65 per share, above the C$1.45 average analyst estimate, as higher crude prices and stronger production supported results.
1. Quarterly results
Canadian Natural Resources reported third-quarter adjusted profit of C$1.65 per share, beating the C$1.45 average analyst estimate. Realized prices for exploration and production liquids rose to C$95.93 per barrel from C$72.57 a year earlier, while production increased to 1.65 million boepd from 1.62 million.
