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Canadian Natural Resources to cut capital spending again after quarterly loss
2015-05-07 14:06:34| Energy - Topix.net
Canadian Natural Resources Ltd. says it recorded a net loss of $252 million in the first quarter of the year, or 23 cents per share, as the recent plunge in crude oil prices continues to impact its bottom line. The company says it has increased production and cut costs in response to the lower prices and will trim this year's capital spending by another $300 million across all segments, to approximately $5.7 billion.
Tags: resources
natural
capital
loss
Category:Energy and Environment