Canadian Natural Resources beats quarterly profit estimate

Canadian Natural Resources Limited

Canadian Natural Resources Limited

CNQ

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- Canadian Natural Resources CNQ.TO surpassed expectations for first-quarter profit on Thursday, as the company benefited from higher oil and natural gas production.

The Calgary, Alberta-based company posted an adjusted profit of C$1.17 per share for the three months ended March 31, compared with analysts' average estimate of C$1.01, according to data compiled by LSEG.