Canadian Natural Resources vs. Billionaires

This is a The United States of America news story, published by Yahoo Finance, that relates primarily to Canadian Natural Resources Limited news.

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American crude oil production

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Business & Economics

Is Canadian Natural Resources Limited (CNQ) the Best Oil and Gas Dividend Stock According to Billionaires?

Summary

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78% Informative

The United States of America is now producing more oil than any country in history.

The country’s oil and gas operators produced more than 13.49 million barrels per day (bpd) of crude in December 2024 , an all-time high rate of production.

Oil production is at risk of decline due to falling Brent prices, which are expected to average around $74 this year and then fall further to about $66 in 2026 .

Oil and gas companies remain committed to shareholders and have increased their returns.

Canadian Natural Resources Limited ( NYSE : CNQ ) reported strong results for 2024 , achieving a record annual average production of over 1.36 million boed.

The company generated an adjusted funds flow of $14.9 billion during the year and returned approximately $7.1 billion to shareholders in the form of dividends and share repurchases.

2025 is the 25th consecutive year of dividend increases by Canadian oil and gas giant, with a CAGR of 21% .

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formal

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English

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