Press "Enter" to skip to content

Canadian Natural Resources posts quarterly loss

Aug 6 – Canadian Natural Resources Ltd posted a quarterly loss on Thursday compared with a year-ago profit, as the oil and gas producer suffered from a slump in crude prices and demand due to the COVID-19 pandemic.

The company reported a net loss of C$310 million, or 26 Canadian cents per share, in the second quarter ended June 30, from a profit of C$2.83 billion, or C$2.36 per share, a year earlier. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Krishna Chandra Eluri)

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *