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Canadian Natural Resources reports 55% drop in Q4 net income, yet raises dividend and hits record production.
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.
Despite this, the company's production hit a record 1.47 million barrels of oil equivalent per day, up 4% from last year.
CNQ increased its quarterly dividend to 58.75 cents per share from 56.25 cents.
The company's stock price closed at $27.77, with a market cap of $58.38 billion.
Analysts have an average "Hold" rating on the stock.
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Canadian Natural Resources reporta una caída del 55% en los ingresos netos del cuarto trimestre, pero aumenta los dividendos y alcanza una producción récord.