Canadian Natural Resources Beats Q2 Estimates as Duvernay Assets Boost Growth

Canadian Natural Resources Ltd. surpassed analyst expectations for second-quarter earnings, thanks to increased oil and gas production that helped offset the impact of lower crude prices. The company reported total production of 1.42 million barrels of oil equivalent per day (boepd) for the three months ending June 30, up from 1.29 million boepd a year earlier. The rise in output was driven by strong performance across its asset base and the integration of recent acquisitions, particularly in the Duvernay region. “We are realizing more value…