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Energy

Canadian Natural Resources profit plunges 89% in third quarter

Nov 5 (Reuters) - Oil and gas producer Canadian Natural Resources Ltd posted an 89% fall in quarterly adjusted profit on Thursday, as a coronavirus-led slump in fuel demand hurt crude prices.

On an adjusted basis, the Calgary, Alberta-based company posted a profit of C$135 million ($102.81 million), or 11 Canadian cents per share in the third quarter ended September 30, from a profit of C$1.23 billion, or C$1.04 per share, a year earlier. ($1 = 1.3121 Canadian dollars) (Reporting by Yajush Gupta in Bengaluru; Editing by Ramakrishnan M.)

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