CALGARY ALBERTA CANADA, Alberta (AP) — CALGARY ALBERTA CANADA, Alberta (AP) — Canadian Natural Resources Ltd. (CNQ) on Thursday reported fourth-quarter net income of $3.8 billion.
On a per-share basis, the Calgary Alberta Canada, Alberta-based company said it had net income of $1.82. Earnings, adjusted for non-recurring gains, came to 59 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The oil and natural gas company posted revenue of $7.68 billion in the period. Its adjusted revenue was $6.89 billion, also topping Street forecasts. Three analysts surveyed by Zacks expected $6.62 billion.
For the year, the company reported profit of $7.74 billion, or $3.69 per share. Revenue was reported as $27.74 billion.
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