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CNQ - Canadian Natural Resources News Story

C$21.66 -0.4  -1.7%

Last Trade - 6:05pm

Sector
Energy
Size
Large Cap
Market Cap £15.27bn
Enterprise Value £29.47bn
Revenue £11.41bn
Position in Universe 27th / 2679

BRIEF-Canadian Natural Resources Reports Qtrly Adjusted Funds Flow Of $1.13/Share

Thu 7th May, 2020 10:06am
May 7 (Reuters) - Canadian Natural Resources Ltd  CNQ.TO :
    * CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2020 FIRST
QUARTER
RESULTS
    * QTRLY ADJUSTED FUNDS FLOW $1.13 PER SHARE
    * CANADIAN NATURAL - DUE TO CURRENT UNCERTAINTY AROUND
COVID-19
PANDEMIC OFFICIALLY REMOVING ITS 2020 CORPORATE PRODUCTION
GUIDANCE
    * IS TARGETING TO LOWER OPERATING COSTS THROUGHOUT 2020 BY
APPROXIMATELY $745 MILLION VERSUS 2019 LEVELS.
    * TARGETING AN APPROXIMATE REDUCTION OF $90 MILLION IN G&A
COMPARED TO ORIGINAL 2020 BUDGET.
    * CANADIAN NATURAL RESOURCES - QUARTERLY CORPORATE
PRODUCTION OF
ABOUT 1,179 MBOE/D, INCLUDING RECORD LIQUIDS PRODUCTION OF
APPROXIMATELY 939 MBBL/D

Source text for Eikon:  ID:nGNX4Mb7yl 
Further company coverage:  CNQ.TO 

 ((Reuters.Briefs@thomsonreuters.com;))
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