CNRL to spend $5.2B on growth

Canadian Natural Resources Ltd. (CNRL) says it expects to spend $5.2 billion on its capital budget next year as it looks to grow production. The company says the plan includes about $4.2 billion in base capital spending and $1 billion in strategic growth capital. In its guidance, the company says it expects production between 1,330,000 and 1,374,000 barrels of oil equivalent per day in 2023.