Canadian Natural Resources (TSE:CNQ) has released an update.
Canadian Natural Resources achieved notable financial and operational milestones in 2023, including reducing net debt to $10 billion, record annual production, and a commitment to return 100% of free cash flow to shareholders. Strengthening their balance sheet, the company also focused on environmental targets such as net zero GHG emissions in the oil sands by 2050. With a disciplined capital budget for 2024 and significant reserve growth, Canadian Natural is positioned to continue its strategic development and shareholder value maximization.
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