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Company News

Canadian Natural Resources swings to quarterly loss

May 7 (Reuters) - Canadian Natural Resources Ltd posted a quarterly loss on Thursday from a year-ago profit, as the oil and gas producer suffered from a slump in crude prices.

The company’s net loss stood at C$1.28 billion ($908.90 million), or C$1.08 per share, in the first quarter ended March 31, from a profit of C$961 million, or 80 Canadian cents per share, in the year-ago period.

$1 = 1.4083 Canadian dollars Reporting by Arundhati Sarkar in Bengaluru; Editing by Krishna Chandra Eluri

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