CNRL Q2 2026 earnings jump to CAD 4.5 billion as company cites higher realized SCO, crude prices and volumes

Reuters2026/08/06 09:21

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For the six months ended June 30, 2026, net earnings rose to $ CAD 5.85 billion from $ CAD 4.92 billion a year earlier.
Adjusted net earnings from operations climbed to $ CAD 7.01 billion from $ CAD 3.93 billion, reflecting stronger core operating results.
Second-quarter net earnings were $ CAD 4.5 billion, driven by higher realized SCO pricing and sales volumes in oil sands mining and upgrading.
Management also cited higher realized crude oil and NGLs pricing, higher sales volumes in North America exploration and production.
Natural gas was a drag in the quarter, with realized pricing down to $ CAD 2.05/Mcf from $ CAD 2.58/Mcf in the prior-year period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CNRL - Canadian Natural Resources Ltd. published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CNRL Q2 2026 earnings jump to CAD 4.5 billion as company cites higher realized SCO, crude prices and volumes

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