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Canadian Natural Resources posts quarterly profit
November 2, 2017 / 9:07 AM / 19 days ago

Canadian Natural Resources posts quarterly profit

Nov 2 (Reuters) - Canadian Natural Resources Ltd, Canada’s largest independent petroleum producer, on Thursday reported a third-quarter profit, helped by higher production and average realized prices.

The Calgary-based company reported a net income of C$684 million, or 56 Canadian cents per share, for the quarter ended Sept. 30, compared with a loss of C$326 million, or 29 Canadian cents, a year earlier.

Oil and natural gas production rose 40.9 percent to 1.04 million barrels of oil equivalent per day (boepd) in the quarter. (Reporting by Akshara P in Bengaluru; Editing by Amrutha Gayathri)

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