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- Canadian Natural Resources Ltd posted a decline in third-quarter profit on Thursday as lower oil prices dulled the effect of record production.
Crude oil prices rose about 28% in the quarter, but still stayed well below the multi-year highs in the same period a year ago, following Russia's invasion of Ukraine. Canada's largest oil and gas producer reported a net income of C$2.34 billion , or C$2.13 per share, for the quarter, down from C$2.84 billion or C$2.49 per share a year earlier.
Production rose to a record 1.39 million barrels of oil equivalent per day , from 1.34 million boepd last year.
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