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BRIEF-Canadian Natural Resources Says Production Volumes In Q3 2018 Averaged 1,060,629 BOE/D, Up 2 pct from Q3 2017

Published 2018-11-01, 05:45 a/m
© Reuters. BRIEF-Canadian Natural Resources Says Production Volumes In Q3 2018 Averaged 1,060,629 BOE/D, Up 2 pct from Q3 2017
CNQ
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Nov 1 (Reuters) - Canadian Natural Resources Ltd CNQ.TO :

* CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2018 THIRD QUARTER RESULTS

* QTRLY EARNINGS PER SHARE $1.47

* COMPANY FORECASTS ANNUAL 2018 PRODUCTION LEVELS TO AVERAGE BETWEEN 802,000 AND 868,000 BBL/D OF CRUDE OIL AND NGLS

* COMPANY FORECASTS ANNUAL 2018 PRODUCTION LEVELS TO AVERAGE BETWEEN 1,550 AND 1,600 MMCF/D OF NATURAL GAS

* SAYS PRODUCTION VOLUMES IN Q3 18 AVERAGED 1,060,629 BOE/D, COMPARABLE TO Q2 18 AND AN INCREASE OF 2% FROM Q3/17 LEVELS

* CANADIAN NATURAL RESOURCES - Q4/18 PRODUCTION GUIDANCE BEFORE ROYALTIES IS FORECAST TO AVERAGE BETWEEN 801,000 AND 849,000 BBL/D OF CRUDE OIL & NGLS

* Q4/18 PRODUCTION GUIDANCE BEFORE ROYALTIES IS FORECAST TO AVERAGE BETWEEN 1,480 AND 1,510 MMCF/D OF NATURAL GAS

* CANADIAN NATURAL'S ANNUAL 2018 CAPITAL EXPENDITURES ARE TARGETED TO BE APPROXIMATELY $4.6 BILLION

* CO FORECASTS ANNUAL 2018 PRODUCTION LEVELS FOR CRUDE OIL, NGLS AND NATURAL GAS ARE BEFORE ROYALTIES

* CANADIAN NATURAL - MARK STAINTHORPE, VP-CAPITAL MARKETS, WILL ASSUME ROLE OF CFO AND SENIOR VP, FINANCE AND WILL JOIN MANAGEMENT COMMITTEE

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