Canadian Natural Resources missed market expectations, as prices fell and severe winter weather hampered production. Read more
Play Video
Winter storm Elliott barrelled through the United States and Canada in mid-December, hitting several oil production sites along the way that caused freeze-ins and equipment failures.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
Moreover, crude prices have turned extremely volatile in recent months amid supply fears caused by the Western sanctions on Russia and worries that the fight against inflation could weaken the global economy and affect energy demand.Canadian Natural said its fourth-quarter liquids realized price fell nearly 5 per cent to $69.34 per barrel.
The Calgary, Alberta-based company reported adjusted net earnings of $1.96 per share for the quarter, below analysts’ average estimate of $2.27 per share. However, its free cash flow rose to $10.9 billion for the full-year 2022, from $8.08 billion in 2021, which helped it hike its quarterly dividend by 6 per cent to 90 cents per share.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Canadian Natural Resources misses quarterly profit estimates on lower productionCanadian Natural Resources reported adjusted net earnings of $1.96 per share for the quarter ended Dec. 31, compared with average analysts’ estimate of $2.27 per share
اقرأ أكثر »
Canadian Natural Resources reports Q4 profit down from year ago, raises dividend - BNN BloombergCanadian Natural Resources Ltd. raised its quarterly dividend as it reported its fourth-quarter profit fell compared with a year earlier.
اقرأ أكثر »
Tilley: Ottawa budget — we need more resources to tackle homelessnessOur emergency shelters have steadily added beds over the years. Shelters exist due to service gaps caused by stagnant government funding.
اقرأ أكثر »
Frontier Lithium expands resources at its PAK lithium project in OntarioA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
اقرأ أكثر »
N.B. nurse double assigned over ‘limited resources’ on night of ER death, documents show | Globalnews.caThe details around an ER death in the Dr. Everett Chalmers Regional Hospital in Fredericton suggest a LPN “couldn’t commit to the regular checks' that night because of resources.
اقرأ أكثر »
International Lithium announces maiden resources at Raleigh LakeA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
اقرأ أكثر »