Canadian Natural Resources Beats Q1 Profit Estimates
Canadian Natural Resources beat Q1 profit estimates with earnings of C$1.17 per share. Production rose to 1.64 million boepd amid resilient oil sands operations.
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Canadian Natural Resources reported first-quarter adjusted profit of C$1.17 per share, beating analyst estimates of C$1.01 per share. The result follows a production increase to 1.64 million barrels of oil equivalent per day. The beat confirms the producer's status as a low-cost leader capable of generating returns despite broader sector volatility.
