Edition:
United Kingdom

Canadian Natural Resources Reports Q4 Shr Loss Of $0.64


Thursday, 7 Mar 2019 

March 7 (Reuters) - Canadian Natural Resources Ltd ::CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2018 FOURTH QUARTER AND YEAR END RESULTS.QTRLY LOSS PER SHARE $0.64.ANNUAL PRODUCTION OF APPROXIMATELY 1,079,000 BOE/D.QTRLY ADJUSTED LOSS PER SHARE $0.21.CANADIAN NATURAL RESOURCES SAYS "STRONGLY SUPPORTS" GOVERNMENT OF ALBERTA'S MANDATORY PRODUCTION CURTAILMENT PROGRAM ANNOUNCED IN LATE 2018.CANADIAN NATURAL RESOURCES - ANNUAL CORPORATE CRUDE OIL AND NGLS PRODUCTION REACHED A RECORD 820,778 BBL/D, AN INCREASE OF 20% OVER 2017 LEVELS.WILL CONTINUE TO EVALUATE PROGRESS ON EXPORT PIPELINES BEFORE ENACTING INCREASES, IF ANY, TO BASE 2019 CAPITAL BUDGET.CANADIAN NATURAL - 2019 CORPORATE NATURAL GAS ANNUAL PRODUCTION GUIDANCE REMAINS UNCHANGED AND IS TARGETED TO RANGE BETWEEN 1,485 MMCF/D - 1,545 MMCF/D.CANADIAN NATURAL RESOURCES - CO'S 2019 INTERNATIONAL ANNUAL PRODUCTION GUIDANCE REMAINS UNCHANGED AND IS TARGETED TO RANGE FROM 42,000 BBL/D - 46,000 BBL/D.CANADIAN NATURAL RESOURCES - PRODUCTION VOLUMES IN Q4/18 AVERAGED 1,081,368 BOE/D, A 2% INCREASE OVER Q3/18 LEVELS AND A 6% INCREASE OVER Q4/17 LEVELS.CANADIAN NATURAL'S ANNUAL 2019 CAPITAL EXPENDITURES ARE TARGETED TO BE APPROXIMATELY $3.7 BILLION.SEES ANNUAL 2019 PRODUCTION LEVELS TO AVERAGE BETWEEN 782,000 AND 861,000 BBL/D OF CRUDE OIL AND NGLS.CANADIAN NATURAL RESOURCES - TARGETS ANNUAL 2019 PRODUCTION LEVELS TO AVERAGE BETWEEN 1,485 AND 1,545 MMCF/D OF NATURAL GAS, BEFORE ROYALTIES.