August 2, 2018 / 9:22 AM / 20 days ago

Canadian Natural's quarterly profit falls 8.4 percent

Aug 2 (Reuters) - Canadian Natural Resources Ltd (CNRL) reported an 8.4 percent slump in quarterly profit on Thursday, partly hurt by a decline in the production and realized price of natural gas.

The company’s net earnings fell to C$982 million ($754 million), or 80 Canadian cents per share, in the second quarter ended June 30, from C$1.07 billion, or 93 Canadian cents per share, a year earlier.

Overall production rose 15 percent to 1,050,376 barrels of oil equivalent per day (boe/d), while natural gas production fell 7.1 percent.

$1 = C$1.30 Reporting by Anirban Paul in Bengaluru; Editing by Maju Samuel

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