Transcription of 2020 Performance Highlights
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2020 Performance Highlights
Canadian Natural 2020 Annual Report 1 TABLE OF CONTENTS01 2020 Performance Highlights 03 Letter to our ShareholdersT1-T8 Our World Class Team05 2020 Year-End Reserves 08 Management s Discussion and Analysis 48 Consolidated Financial Statements 49 Management s Report 50 Management s Assessment of Internal Control over Financial Reporting51 Report of Independent Registered Public Accounting Firm 58 Notes to the Consolidated Financial Statements 95 Supplementary Oil and Gas Information 103 Ten-Year Review105 Corporate Information2020 Performance HighlightsCanadian Natural s diverse and balanced asset base along with a continued focus on effective and efficient operations delivered industry leading free cash flow, creating significant value for the Company s shareholders in ($ millions, except per common share amounts)Product sales$ 17,491$ 24,394$ 22,282 Net earnings (loss)$ (435)$ 5,416$ 2,591 Per common share basic$ ( )$ $ diluted$ ()
Oil Sands Mining and Upgrading was approximately 36% of total corporate production, averaging 417,351 bbl/d of Synthetic Crude Oil (“SCO”), an increase of 6% compared to 2019 levels and the segment delivered impressive results through a combination of high …
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