Canadian Natural Resources Q3 Profit Slips as Oil and Gas Prices Fall

Canada’s largest oil and gas producer, Canadian Natural Resources (NYSE: CNQ), reported lower adjusted net earnings from operations for the third quarter compared to a year earlier amid plunging natural gas prices in North America and lower international crude oil prices. Canadian Natural said on Thursday that its adjusted net earnings from operations for the third quarter stood at US$1.5 billion (C$2.1 billion), down compared with US$2 billion (C$2.85 billion) for the third quarter of 2023. The oil and gas producer attributed the decline...