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

OILPRICE - Economy
Canadian Oil Sands Back On Track With More Record Profits
source : OILPRICE ( Middle East ) () 50
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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