Canadian Natural Resources (TSE:CNQ) has released an update.
Canadian Natural Resources Limited heralds a milestone by promising to return 100% of its free cash flow to shareholders starting in 2024, buoyed by robust crude oil price forecasts and a diverse asset base. The company has reported a strong financial performance in Q1 of 2024, with adjusted net earnings of around $1.5 billion, and cash flows from operations at approximately $2.9 billion. This financial health is backed by strategic project planning and a commitment to reducing environmental impact, aligning with Canada’s climate goals.
For further insights into TSE:CNQ stock, check out TipRanks’ Stock Analysis page.
