Canadian Natural Resources (CNQ) Reports Q4 Loss of CDN$0.04/Share
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March 3, 2016 5:05 AM EST
CALGARY, ALBERTA -- (Marketwired) -- 03/03/16 --
Canadian Natural Resources Limited announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.23 (twenty-three cents) per common share. The dividend will be payable April 1, 2016 to shareholders of record at the close of business on March 18,... More
March 3, 2016 5:01 AM EST
CALGARY, ALBERTA -- (Marketwired) -- 03/03/16 --
Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ)
Commenting on the fourth quarter 2015 results, Steve Laut, President of Canadian Natural stated, "2015 was a strong operational year for Canadian Natural despite the significant drop in commodity prices. In 2015, we were able to reduce original budgeted capital spending by $3.4 billion, but still delivered 8% production growth. At the same time, we significantly lowered the cost structure within all our operations, and delivered excellent reserve replacement ratios of 179% on proved developed producing reserves and 165% on total proved... More
