Canadian Natural Resources (TSE:CNQ) has released an update.
Canadian Natural Resources Limited heralds a strong start to 2024, with President Scott Stauth announcing the company’s plan to return 100% of its free cash flow to shareholders, amid a favorable crude oil price forecast. The company’s first quarter has been robust, with CFO Mark Stainthorpe citing impressive financial outcomes, including $1.5 billion in adjusted net earnings and $3.1 billion in funds flow, which has enabled $1.7 billion in returns to shareholders. Canadian Natural also emphasizes its commitment to environmental goals, aiming for net zero greenhouse gas emissions by 2050, and highlights its continuous improvement culture as a key driver of shareholder value.
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