Canadian Natural Resources Lowers 2019 Capital Budget

SUGAR LAND--December 6, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Canada's largest oil and gas producer, Canadian Natural Resources (NYSE:CNQ) (Calgary, Alberta), on Wednesday released its proposed 2019 capital budget, which lowers spending C$1 billion ($753 million) from 2018 levels. The company is proposing spending about C$3.7 billion ($2.78 billion) in 2019, compared with C$4.7 billion ($3.54 billion) in 2018. Industrial Info is tracking $21.5 billion in active Canadian Natural Resources projects.

Within this article: Details of Canadian's Natural's reaction to Alberta's oil production curtailment and of some of the company's high-profile projects