Canadian Natural Resources (CNQ) Misses Q3 EPS by 14c

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Canadian Natural Resources Limited Announces 2020 Third Quarter Results

November 5, 2020 5:00 AM EST

CALGARY, Alberta, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Canadian Natural's President, Tim McKay, commented on the third quarter results stating "The resilience of our business model, as witnessed in our third quarter 2020 results, demonstrates Canadian Natural's competitive advantage as the strength of our long life low decline asset base allows the Company to effectively manage through commodity price cycles while preserving net asset value. Canadian Natural is focused on continuous improvement and is on track for the targeted operating cost savings in 2020 of approximately $745 million dollars. With a disciplined capital program in 2020 of approximately $2.7 billion, we have been... More