financetom
Business
financetom
/
Business
/
Canadian Natural Resources beats profit estimates on higher production
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Canadian Natural Resources beats profit estimates on higher production
Aug 7, 2025 2:45 AM

Aug 7 (Reuters) - Canadian Natural Resources ( CNQ )

surpassed Wall Street expectations for second-quarter profit on

Thursday, benefiting from higher oil and natural gas production.

Oil producers in the country have been benefiting from the

start up of the Trans Mountain pipeline expansion (TMX) project.

The TMX has nearly tripled the flow of oil to Canada's

Pacific Coast from the landlocked Alberta, raised the price of

Canadian crude and opened up market access to refineries in Asia

and the U.S. West Coast.

Calgary, Alberta-based Canadian Natural said its total

output rose to 1.42 million barrels of oil equivalent per day

(boepd) during the second quarter, from 1.29 million boepd a

year earlier.

The country's largest oil and gas producer posted an

adjusted profit of 71 Canadian cents per share for the three

months ended June 30, compared with analysts' average estimate

of 65 Canadian cents, according to data compiled by LSEG.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved