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)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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