March 18, 2020 / 9:45 PM / 16 days ago

Canadian Natural Resources cuts 2020 spending by C$1 bln

March 18 (Reuters) - Canadian Natural Resources Ltd said on Wednesday it will cut its 2020 capital expenditure to about C$2.9 billion ($2.00 billion), a C$1.09 billion reduction from its original outlook, citing continued volatility in oil prices.

The company, however, stuck to its output forecast of 1,137,000 - 1,207,000 barrels of oil equivalent per day in 2020.

$1 = 1.4468 Canadian dollars Reporting by Shradha Singh in Bengaluru

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below