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    CNQ   CA1363851017

CANADIAN NATURAL RESOURCES LIMITED

(CNQ)
  Report
Delayed Toronto Stock Exchange  -  04:00:00 2023-01-27 pm EST
82.75 CAD   +2.06%
01/27Hess Downgraded, Though 'World-Class Growth Story' in Guyana Intact, Goldman Sachs Says
MT
01/27Canadian Natural Resources Kept at Buy at Goldman Sachs Ahead of Q4 Results; Price Target Raised to US$65.00
MT
01/27National Bank of Canada Notes Challenging Q4 2022 For Oil, Gas And Consumable Fuels Companies
MT
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Factbox-North American energy sector expects higher spending in 2023

12/08/2022 | 11:55am EST
FILE PHOTO: U.S. government grants six-month license allowing Chevron to boost oil output in Venezuela

(Reuters) - U.S. and Canadian oil and gas companies are expecting to spend more in 2023, compared with the current year, as inflation drives up costs of everything from raw materials to labor.

Oil majors Exxon Mobil and Chevron also raised their capital allocation toward their lower carbon businesses.

Following is a list of companies and their budgets:

THE UNITED STATES

Company Market

Cap 2023 Budget 2022 Budget

Exxon Mobil Corp $426.83 billion $23 billion to $21 billion to

$25 billion $24 billion

Chevron Corp $333.59 billion $17 billion $15 billion

HF Sinclair Corp $10.27 billion $940 million to $740 million to

$1.15 billion $885 million

CANADA

Company 2023 2022 2023 2022

Market Cap Budget Budget Production Production

Forecast (boepd) Forecast (boped)

Canadian Natural C$89.01 C$5.2 billion C$4.92 billion 1.33 million to 1.296 million

Resources Ltd billion 1.374 million

($65.54

billion)

Suncor Energy Inc C$60.67 C$5.4 billion to C$4.9 billion to 740,000 to 740,000 to

billion C$5.8 billion C$5.2 billion 770,000 760,000

Cenovus Energy Inc C$38.85 C$4 billion to C$3.3 billion to 800,000 to 780,000 to

billion C$4.5 billion C$3.7 billion 840,000 810,000

($1 = 1.3580 Canadian dollars)

(Reporting by Ruhi Soni in Bengaluru; Editing by Anil D'Silva)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -0.79% 86.39 Delayed Quote.0.12%
CANADIAN NATURAL RESOURCES LIMITED 2.06% 82.75 Delayed Quote.10.05%
CENOVUS ENERGY INC. 1.08% 27.15 Delayed Quote.3.35%
CHEVRON CORPORATION -4.44% 179.45 Delayed Quote.-0.02%
EXXON MOBIL CORPORATION -1.83% 115.61 Delayed Quote.4.81%
SUNCOR ENERGY INC. 0.00% 46.09 Delayed Quote.7.31%
WTI -0.83% 79.615 Delayed Quote.-1.29%
All news about CANADIAN NATURAL RESOURCES LIMITED
01/27Hess Downgraded, Though 'World-Class Growth Story' in Guyana Intact, Goldman Sachs Says
MT
01/27Canadian Natural Resources Kept at Buy at Goldman Sachs Ahead of Q4 Results; Price Targ..
MT
01/27National Bank of Canada Notes Challenging Q4 2022 For Oil, Gas And Consumable Fuels Com..
MT
01/23Cenovus Energy CEO says Alberta, Ottawa must 'turn down temp,' talk more
RE
01/19Blueberry River Agreement to Return Oil and Gas Exploration to Northeastern British Col..
MT
01/18Canadian province and First Nations reach Montney shale play deal
RE
01/18British Columbia reaches deal with First Nations in Canada's Montney shale play
RE
01/17Canadian Natural Resources Kept at Buy at TPH as Q4 Estimates Trimmed; Price Target Low..
MT
01/04Canada oil sands producers to begin evaluating proposed carbon storage site
RE
01/04RBC Capital Markets Outlines Analysis On Canadian Natural Resources, Tourmaline Oil
MT
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Analyst Recommendations on CANADIAN NATURAL RESOURCES LIMITED
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Financials
Sales 2022 43 305 M 32 529 M 32 529 M
Net income 2022 11 896 M 8 935 M 8 935 M
Net Debt 2022 11 679 M 8 773 M 8 773 M
P/E ratio 2022 7,96x
Yield 2022 5,35%
Capitalization 91 607 M 68 811 M 68 811 M
EV / Sales 2022 2,39x
EV / Sales 2023 2,71x
Nbr of Employees 9 735
Free-Float 97,8%
Chart CANADIAN NATURAL RESOURCES LIMITED
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Technical analysis trends CANADIAN NATURAL RESOURCES LIMITED
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 82,75 CAD
Average target price 92,50 CAD
Spread / Average Target 11,8%
EPS Revisions
Managers and Directors
Tim Shawn McKay President, Chief Operating Officer & Director
Mark A. Stainthorpe Chief Financial Officer & Senior VP-Finance
Norman Murray Edwards Executive Chairman
Stephen C. Suche Vice President-Information & Corporate Services
David Arnold Tuer Independent Director
Sector and Competitors
1st jan.Capi. (M$)
CANADIAN NATURAL RESOURCES LIMITED10.05%68 811
CHEVRON CORPORATION-0.02%346 991
CONOCOPHILLIPS4.75%154 027
EOG RESOURCES, INC.3.97%79 098
CNOOC LIMITED16.63%70 717
OCCIDENTAL PETROLEUM CORPORATION5.64%60 277