SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) today reported a loss of $725 million ($0.39 per share – diluted) for first quarter 2016, compared with earnings of $2.6 billion ($1.37 per share – diluted) in the 2015 first quarter. Foreign currency effects decreased earnings in the 2016 quarter by $319 million, compared with an increase of $580 million a year earlier. Sales and other operating revenues in first quarter 2016 were $23 billion, compared to $32 billion in the [Read more]
Archives for April 2016
Tuscany Reports Financial and Operating Results for the Year Ended December 31, 2015
CALGARY, ALBERTA--(Marketwired - April 29, 2016) - Tuscany Energy Ltd. (TSX VENTURE:TUS). Tuscany is pleased to report on its financial and operating results for the year ended December 31, 2015. Financial Tuscany reported oil and natural gas sales of $10.1 million for the year ended December 31, 2015 compared with $17.6 million in 2014. The Company reported cash flow from operations of $1.2 million, compared to $8.1 million for 2014. Lower commodity prices resulted in Tuscany reporting a $2.5 [Read more]
Pacific NorthWest LNG and Progress Energy Canada Announce New Senior Leadership
VANCOUVER, April 29, 2016 /CNW/ - Progress Energy Canada Ltd. (PECL) and Pacific NorthWest LNG (PNW LNG) are pleased to announce the appointment of Mr. Anuar Taib, EVP and CEO PETRONAS Upstream as Chairman of the Board of both PECL and PNW LNG. Mr. Taib brings over twenty years of international energy experience to the companies. Mr. Michael Culbert will step down from day to day responsibilities as President of PNW LNG and continue with his leadership position with PECL as President and CEO. [Read more]
Imperial Oil reports Q1 loss on lower oil price, offset in part by weaker loonie
CALGARY - Imperial Oil Ltd. (TSX:IMO) lost $101 million in its latest quarter, hurt by lower oil prices, but offset in part by a weaker Canadian dollar.The company says the loss amounted to 12 cents per share for the quarter ended March 31 compared with a profit of $421 million or 50 cents per share in the same quarter last year.Revenue and other income totalled $5.22 billion for the quarter, down from $6.2 billion a year ago.Imperial also declared a second-quarter dividend of 15 cents per [Read more]
Imperial reports $101 million loss in first quarter of 2016
Production up 26 percent, liquids at record 399,000 barrels per day Upstream unit cash costs reduced by 25 percent Sale of company-owned retail stations proceeding for $2.8 billion CALGARY, April 29, 2016 /CNW/ - First quarter (millions of dollars, unless noted) 2016 2015 % Net income (loss) (U.S. GAAP) (101) 421 (124) Net income (loss) per common share - assuming dilution [Read more]
TransCanada Q1 profit falls compared with year ago due to one-time charges
CALGARY - The CEO of TransCanada says upstream greenhouse gas emissions should not be included in the federal pipeline review process.Russ Girling says the regulatory process should focus on safety and spill response rather than issues like upstream emissions that he says aren't germane to pipeline development.He says oilsands and natural gas projects are already subject to a review process that considers emissions and therefore another regulatory hurdle for pipeline approval is [Read more]
TransCanada Declares Quarterly Dividends
CALGARY, ALBERTA--(Marketwired - April 29, 2016) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced that the Board of Directors (Board) of TransCanada declared a quarterly dividend of $0.565 per common share for the quarter ending June 30, 2016, on the Company's outstanding common shares. The common share dividend is payable on July 29, 2016 to shareholders of record at the close of June 30, 2016. The Board also declared quarterly [Read more]
TransCanada Reports Solid First Quarter 2016 Financial Results
CALGARY, ALBERTA--(Marketwired - April 29, 2016) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced net income attributable to common shares for first quarter 2016 of $252 million or $0.36 per share compared to $387 million or $0.55 per share for the same period in 2015. Comparable earnings for first quarter 2016 were $494 million or $0.70 per share compared to $465 million or $0.66 per share for the same period in 2015. TransCanada's Board of Directors also declared a [Read more]
Whitecap Resources Inc. announces results of shareholders' meeting
CALGARY, April 28, 2016 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that all matters presented for approval at the annual and special meeting of shareholders held today have been fully authorized and approved. A total of 190,116,141 common shares representing 60.47% of Whitecap's issued and outstanding common shares were voted in connection with the meeting. At the meeting, all of the nominees proposed as directors were duly elected as directors of [Read more]
Smoothwater Capital acquires additional shares of Alberta Oilsands Inc. and urges the Board to take immediate action in the interests of shareholders
TORONTO, April 28, 2016 /CNW/ - Smoothwater Capital Corporation ("Smoothwater") announced today that it acquired on April 28, 2016, through the facilities of the OTC Bulletin Board, ownership of 2,502,700 common shares of Alberta Oilsands Inc. ("AOS") (representing approximately 1.18% of the issued and outstanding common shares of AOS) at an average price of US$0.0925 per share. After giving effect to this purchase, Smoothwater now owns an aggregate of 29,267,099 common shares of AOS, [Read more]
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