May 7 (Reuters) - Canadian Natural Resources Ltd CNQ.TO :
* CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2020 FIRST QUARTER RESULTS
* QTRLY ADJUSTED FUNDS FLOW $1.13 PER SHARE
* CANADIAN NATURAL - DUE TO CURRENT UNCERTAINTY AROUND COVID-19 PANDEMIC OFFICIALLY REMOVING ITS 2020 CORPORATE PRODUCTION GUIDANCE
* IS TARGETING TO LOWER OPERATING COSTS THROUGHOUT 2020 BY APPROXIMATELY $745 MILLION VERSUS 2019 LEVELS.
* TARGETING AN APPROXIMATE REDUCTION OF $90 MILLION IN G&A COMPARED TO ORIGINAL 2020 BUDGET.
* CANADIAN NATURAL RESOURCES - QUARTERLY CORPORATE PRODUCTION OF ABOUT 1,179 MBOE/D, INCLUDING RECORD LIQUIDS PRODUCTION OF APPROXIMATELY 939 MBBL/D