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Canadian Natural quarterly profit falls as crude price declines

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CALGARY, Alberta (Bloomberg) -- Canadian Natural Resources Ltd. said added production from its oil-sands projects during the third quarter couldn’t make up for a decline in prices. Net income dropped to C$1.04 million ($912 million), or 94 cents a share, from C$1.17 billion, or C$1.07, a year earlier, the Calgary-based company said in a statement on Marketwired. Excluding one-time items, per-share profit of 89 cents beat the 75-cent average of 14 analysts’ estimates compiled by Bloomberg.


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Canadian Natural quarterly profit falls as crude price declines Canadian Natural quarterly profit falls as crude price declines Reviewed by Crude Oil Brokers on 12:18 Rating: 5

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