Source: The Canadian Press, March 7, 2019
Canadian Natural Resources Ltd. lost $776 million in the fourth quarter compared with a profit of $396 million a year earlier as it was hit by low prices for Canadian oil.
However, the company raised its quarterly dividend to 37.5 per share compared with its earlier payment to shareholders of 33.5 cents per share.
Canadian Natural says its loss amounted to 64 cents per diluted share for the three months ended Dec. 31 compared with a profit of 32 cents per diluted share in the last three months of 2017.
Image Source: Larry MacDougal, The Canadian Press
