https://newsletter.en.creamermedia.com
Energy|Exploration|Resources
Energy|Exploration|Resources
energy|exploration|resources

Canadian Natural Resources posts Q3 profit drop on lower crude prices

31st October 2024

By: Reuters

  

Font size: - +

Canadian Natural Resources posted a drop in third-quarter profit on Thursday, as the energy producer took a hit from a decline in production and lower crude prices.

Global oil prices dropped during July-September quarter, hurt by sluggish demand from top crude importer China and oversupply concerns.

Canadian Natural said realized price for exploration and production liquids fell to C$79.15 per barrel in the quarter from C$87.83 per barrel a year ago.

The Calgary, Alberta-based company posted net income of C$2.27-billion ($1.63-billion), or C$1.06 a share, for the three months ended September 30, compared with C$2.34-billion, or C$1.06 a share a year earlier.

Edited by Reuters

Comments

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Victaulic
Victaulic

Since 1919, Victaulic’s innovative solutions and design services continue to increase construction productivity and reduce risk, ensuring projects...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.077 0.182s - 190pq - 2rq
Subscribe Now