SOURCE: Industrial Info Resources

Industrial Info Resources

March 09, 2012 06:45 ET

Canadian Natural Resources Sees Happy Ending to 2011 as Crude Oil Hits Record Production, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Mar 9, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas)-- Canadian Natural Resources Limited (NYSE:CNQ) (CNR) Calgary, Alberta) finished fiscal year 2011 on a strong note, as the company drilled a record number of crude oil wells and saw a record quarterly production of more than 657,000 barrels of oil equivalent per day. CNR also benefited from production at natural gas facilities that were acquired during 2010 and 2011. Net earnings were reported to be $832 million for the quarter, compared with a $309 million loss in fourth-quarter 2010, and $2.64 billion for the year, a 57.98% increase from 2010.

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