Canadian Oil Sands Back On Track With More Record Profits ...Middle East

The last of Canada’s big oil sands producers has reported record 2022 profits, bringing the total profit for last year of the big five to over $25.7 billion as they rode the tailwinds of a Chinese COVID crisis and Russia’s invasion of Ukraine. For Q4 2022 earnings, the last to report was Canadian Natural Resources Ltd on Thursday. And while quarterly profits were a miss, full-year earnings were around $8 billion. Canadian Natural Resources’ Q4 2022 results showed earnings of $1.58 billion ($1.36 per diluted share), down from $2.53…

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