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flag Canadian Natural Resources reports 55% drop in Q4 net income, yet raises dividend and hits record production.

flag Canadian Natural Resources (CNQ) reported a 55% drop in Q4 net income to $1.14 billion, down from $2.63 billion last year, due to weaker oil prices. flag Despite this, the company's production hit a record 1.47 million barrels of oil equivalent per day, up 4% from last year. flag CNQ increased its quarterly dividend to 58.75 cents per share from 56.25 cents. flag The company's stock price closed at $27.77, with a market cap of $58.38 billion. flag Analysts have an average "Hold" rating on the stock.

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