Canadian Natural’s quarterly profit more than doubles

2022.08.04 12:17

FILE PHOTO: Pipelines at Canadian Natural Resources Limited’s (CNRL) Primrose Lake oil sands project are seen near Cold Lake, Alberta August 8, 2013. REUTERS/Dan Riedlhuber/

(Reuters) – Canadian Natural (NYSE:CNQ) Resources Ltd reported a quarterly profit on Thursday that more than doubled as crude prices soared on tighter energy supplies due to the Ukraine conflict.

The Calgary, Alberta-based company posted net earnings of C$3.5 billion ($2.72 billion), or C$3 per share, for the second quarter ended June 30, compared with C$1.55 billion or C$1.30 per share, a year earlier.

($1 = 1.2845 Canadian dollars)

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