$Canadian Natural Resources (CNQ.US)$ 🎯 2023.8.14 Current p...

New data: 2022/Q4 and the whole year, the first two quarters of 2023

2022 Q4 revenue increased by 8.1%, operating profit shrank sharply by 67.1% due to the decline in gross margin, and net profit fell by only 40% due to revenue from the sale of 265 million securities. This resulted in a 50.8% increase in revenue for the full year of 2022, an increase of 55.2% in operating profit, and a 42.7% increase in net profit.

In the first two quarters of 2023, revenue shrank by 29.1%, operating profit shrank by 54.7%, and net profit shrank by only 51% due to revenue from the sale of 270 million dollars in securities.

Currently, the price-earnings ratio is 8.8, and the price-earnings ratio TTM has increased to 12.3. Considering that profits have been falling continuously for 3 quarters, the peak of the sector cycle may have passed, and positions have been closed for the time being.