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CNRL delivered robust financial and operational performance, achieving record production and strong free cash flow, while also reducing its capital budget without affecting planned production.
Canadian Natural Resources Limited achieved record total production of 1,470,428 BOE/d in Q4 2024, supported by strong liquids and natural gas production. The company generated net earnings of $1.1 billion and adjusted net earnings from operations of $2.0 billion. Operating income surged, benefiting from efficient cost management and higher production. Cash flows from operating activities reached $3.4 billion, reinforcing the company's financial strength.