Canadian Natural Resources' Profit Jumps On Higher Sales Volume, Prices



Reuters

March 2, (Reuters) - Canadian Natural Resources Ltd , Canada's largest independent petroleum producer, said on Thursday its fourth-quarter profit rose more than fourfold, helped by higher sales volumes and realized prices from North America.

The Calgary-based company's net income rose to C$566 million ($423 million), or 51 Canadian cents per share, in the quarter ended Dec. 31, from C$131 million, or 12 Canadian cents, a year earlier.

(Reporting by Nia Williams and Ahmed Farhatha in Bengaluru; Editing by Savio D'Souza)



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.