Rising oil and natural gas prices and production powered a 550% leap in profits and a dividend increase by Canadian Natural Resources Ltd., the nation’s top producer.

Canadian Natural Holdings

The accounts also confirmed that the independent has steered a financial improvement course throughout this year after surviving the energy market lows inflicted by the Covid-19 virus.

President Tim McKay credited the firm’s durability to diverse products, long-life reserves with slow decline rates especially in the Alberta oilsands, low costs compared to the size of assets, emphasis on operational efficiency, and self-discipline with capital.

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