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Canadian Natural Resources expects higher production, lower spending in 2026
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Canadian Natural Resources expects higher production, lower spending in 2026
Nov 7, 2025 5:57 AM

Nov 7 (Reuters) - Canadian Natural Resources ( CNQ ) on

Friday forecast a modest rise in production for 2026 while

lowering total capital spending from this year's levels,

signaling a continued focus on efficiency and disciplined

growth.

The company, one of Canada's largest oil and gas producers,

said it expects 2026 output to grow about 3% from 2025,

supported by stable performance across its oil sands, liquids,

and natural gas assets.

The producer set a C$6.43 billion ($4.58 billion) capital

budget for next year, down from C$6.68 billion in 2025,

reflecting tighter spending as it targets steady resource

growth.

($1 = 1.4024 Canadian dollars)

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