11:05 AM EST, 01/09/2025 (MT Newswires) -- Canadian Natural Resources ( CNQ ) said Thursday that it is targeting annual average production of between 1,510 MBOE/d and 1,555 MBOE/d in 2025.

The oil and natural gas company said the expected production would represent about 12% growth over 2024 levels based on the mid-point of the range, and that its operating capital budget is targeted at approximately $6 billion Canadian dollars ($4.17 billion).

Canadian Natural Resources ( CNQ ) also said it forecasting production per share growth of between 12% and 16% in 2025 compared with 2024.

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