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BRIEF-Canadian Natural Resources reports Q2 eanings per share of $0.93

Published 2017-08-03, 05:23 a/m
© Reuters.  BRIEF-Canadian Natural Resources reports Q2 eanings per share of $0.93
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Aug 3 (Reuters) - Canadian Natural Resources Ltd CNQ.TO -

* Canadian Natural Resources limited announces 2017 second quarter results

* Canadian Natural Resources - increased mid-point of its 2017 annual liquids and BOE production guidance by 11,000 bbl/d and 3,000 BOE/d respectively

* Canadian Natural Resources Ltd qtrly earnings per share $0.93

* Qtrly diluted FFO per share $1.49

* Canadian Natural Resources - corporate production volumes averaged 913,171 BOE/d in Q2, representing 4 percent and 16 percent increases from Q1/17 and Q2/16 levels

* Canadian Natural Resources Ltd - decreasing its 2017 capital program by approximately $180 million

* Canadian Natural Resources Ltd - total annual 2017 horizon project capital is now targeted to be $910 million

* Canadian Natural - start-up of phase 3 is targeted for Q4/17 and is targeted to bring total horizon production volumes to 250,000 bbl/d of SCO

* Canadian Natural Resources Ltd - forecasts annual 2017 production levels to average between 663,000 and 717,000 bbl/d of crude oil

* Canadian Natural Resources Ltd - Q3/17 production guidance before royalties is forecast to average between 740,000 and 778,000 bbl/d of crude oil

* Canadian Natural Resources Ltd - annual 2017 capital expenditures are targeted to be approximately $3.9 billion

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