(Reuters) – Canadian Natural Resources Ltd (CNQ.TO), Canada’s largest independent petroleum producer, said on Thursday its quarterly profit more than doubled, helped by higher oil sands production.
The Calgary-based company said net income rose to C$583 million, or 47 Canadian cents per share, in the first quarter ended March 31, from C$245 million, or 22 Canadian cents, a year earlier.
Overall daily production rose to 1.12 billion barrels of oil equivalent per day (boepd) from 876,907 boepd.
Reporting by Karan Nagarkatti in Bengaluru; Editing by Amrutha Gayathri
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