Canadian Natural Resources Ltd operates in the Crude petroleum and natural gas sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Canadian Natural Resources Ltd with three other
crude oil and natural gas companies in North America:
Ecopetrol SA
of UNITED STATES
(2020
sales of $13.51 billion
of which 50%
was Refining and Petrochemicals),
Tatneft' PAO
of UNITED STATES
($10.11 billion
of which 60%
was Exploration and Production), and
Cenovus Energy Inc
(13.23 billion Canadian Dollars [US$10.56 billion]
of which 54%
was Oil Sands).
Sales Analysis.
Canadian Natural Resources Ltd reported sales of C$16.89 billion (US$13.48 billion)
for the
year ending
December of 2020.
This
represents
a
sharp
decrease of 26.1%
versus 2019, when the company's sales were C$22.87 billion.
Contributing to the drop in overall sales was the 78.8% decline
in Inter Segment Eliminations and Other, from C$496.00 million to C$105.00 million.
There were also decreases in sales in
Oil Sands Mining and Upgrading (down 31.4% to C$7.45 billion)
and
Exploration and Production - North Sea (down 53.2% to C$431.00 million)
.
However, these declines were partially offset by the increase in sales of
Midstream (up 223.9% to C$285.00 million)
.