Canadian Natural Resources Ltd. reported a profit of $2.8 billion in the third quarter. Find out more.
major were down slightly from the previous quarter as energy prices have fallen from their 2022 highs, but profit was still up 28 per cent compared to the same three-month period in 2021 thanks to higher year-on-year energy prices resulting from Russia’s invasion of Ukraine and continued global supply weakness.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.
Canadian Natural said its high-value synthetic crude oil also generated significant free cash flow for the company in the third quarter with an average realized price of $120.91 — a strong premium of US$8.87/bbl to benchmark West Texas Intermediate .
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