Canada’s largest oil and gas producer, Canadian Natural Resources (NYSE: CNQ), saw its net earnings halve for the fourth quarter of 2024 compared to a year earlier as the decline in oil prices more than offset record production. Canadian Natural Resources on Thursday reported US$793 million (C$1.14 billion) in net earnings for the fourth quarter, down from US$1.
8 billion (C$2.6 billion) for the same period of 2023. Annual net income also slipped from 2023 levels as oil and gas prices were lower last year compared to the prior year. At the…Canadian Natural Resources Q4 Profit Dips on Lower Prices
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