US Stock Movement | Canadian Natural Resources continues to rise 4% pre-market, expected to hit new highs at open, driven by rising oil prices and positive earnings

Gelonghui, March 9th｜Canada's largest oil producer saw its pre-market shares continue to rise by 4%, with the opening expected to reach another all-time high. According to recent announcements, the company reported a net profit of $7.744 billions for fiscal year 2025, a year-on-year increase of 73.75%. Operating revenue reached $27.741 billions, up 6.59% year-on-year, and basic earnings per share were $3.70. Looking ahead to 2026, the company has raised its production guidance, expecting average annual production to be between 1.615 million and 1.665 million barrels of oil equivalent per day. Meanwhile, it has lowered its capital expenditure budget by 310 million Canadian dollars to approximately 6 billion Canadian dollars, reflecting a strong focus on operational efficiency and cash flow. In addition, as Middle East conflicts continue to escalate, WTI crude oil futures surged over 30% intraday, approaching $120 per barrel. (Gelonghui)