CALGARY - Canadian Natural Resources Ltd. raised its dividend as it says it earned a fourth-quarter profit of $5.30 billion, up from $1.14 billion a year earlier.
The company says it will now pay a quarterly dividend of 62.5 cents per share, up from 58.75 cents per share.
The increased payment to shareholders came as Canadian Natural reported its fourth-quarter profit amounted to $2.54 per diluted share for the quarter ended Dec. 31, up from 54 cents per diluted share in the fourth quarter of 2024.
On an adjusted basis, Canadian Natural says it earned 82 cents per diluted share from operations in its latest quarter, down from an adjusted profit of 93 cents per diluted share a year earlier.
Product sales for the quarter totalled $10.71 billion, down from $11.06 in the fourth quarter of 2024.
Production in the quarter, before royalties, amounted to 1,658,681 barrels of oil equivalent per day, up from 1,470,428 a year earlier.
This report by The Canadian Press was first published March 5, 2026.
Companies in this story: (TSX:CNQ)
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