From Reuters:
Alberta, March 3 Canadian Natural Resources Ltd slashed its capital expenditure plan for 2016 and targeted further cuts in 2017 and 2018 in response to the slump in oil prices which has hit its profits.
Canada’s second-biggest oil and gas producer reported an 89 percent fall in quarterly profit and lowered its estimated 2016 capital spending to between C$3.5 billion ($2.6 billion) and C$3.9 billion, from C$4.5 billion to C$5 billion previously.
