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Archives for October 2017
Imperial Oil misses Q3 profit estimates as costs weigh
Canadian oil producer and refiner Imperial Oil Ltd on Friday reported a smaller-than-expected quarterly profit as higher costs and a marginal drop in production offset an increase in realized crude prices. The company reported a net profit of C$371 million ($287.80 million), or 44 Canadian cents per share, in the third quarter ended Sept. 30. Analysts on average were expecting a profit of 46 Canadian cents per share, according to Thomson Reuters I/B/E/S. Imperial Oil posted a C$1 billion [Read more]
Chevron Reports Third Quarter Net Income of $2.0 Billion
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today reported earnings of $2.0 billion ($1.03 per share – diluted) for third quarter 2017, compared with $1.3 billion ($0.68 per share – diluted) in the third quarter of 2016. Included in the quarter was a gain on an asset sale of $675 million and an asset write-off of $220 million. Foreign currency effects decreased earnings in the 2017 third quarter by $112 million, compared with an increase of $72 million a year [Read more]
Energy Storage Canada Welcomes Focus on Innovation and Storage in Ontario’s 2017 Long-Term Energy Plan
TORONTO, Oct. 27, 2017 /CNW/ - Energy Storage Canada (ESC) welcomes the Ontario government's commitment in its 2017 Long-Term Energy Plan (LTEP) to advance regulatory reform and to level the playing field to ensure energy storage can compete and contribute to modernizing the province's energy system. Released on October 26, the report is available here. "We are encouraged that the 2017 LTEP recognizes energy storage as a game-changer with the ability to [Read more]
Imperial Oil reports $371-million third-quarter profit, down from year ago
CALGARY - Imperial Oil Ltd. reported a smaller third-quarter profit compared with a year ago when it benefited from the sale of its retail sites. The energy company says it earned $371 million or 44 cents per diluted share in its third quarter compared with a profit of $1 billion or $1.18 per share in the same quarter last year. The year-ago results included a gain of $716 million or 84 cents per share from Imperial's sale of 497 Esso-branded gas stations. The company [Read more]
Fourth quarter dividend declaration
CALGARY, Oct. 27, 2017 /CNW/ - Imperial Oil Limited today declared a quarterly dividend of 16 cents per share on the outstanding common shares of the company, payable on January 1, 2018, to shareholders of record at the close of business on December 1, 2017. This fourth quarter 2017 dividend compares with the third quarter 2017 dividend of 16 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the petroleum industry. [Read more]
Imperial announces third quarter 2017 financial and operating results
18 percent increase in upstream production from the second quarter of 2017 Petroleum product sales of 500,000 barrels per day remain at near record levels Returned $386 million to shareholders in the form of dividends and share purchases CALGARY, Oct. 27, 2017 /CNW/ - Third quarter Nine months millions of Canadian dollars, unless noted 2017 2016 % 2017 2016 % Net income (U.S. GAAP) 371 1,003 (63) 627 721 (13) Net income per common [Read more]
Imperial announces third quarter 2017 financial and operating results
18 percent increase in upstream production from the second quarter of 2017 Petroleum product sales of 500,000 barrels per day remain at near record levels Returned $386 million to shareholders in the form of dividends and share purchases CALGARY, Oct. 27, 2017 /CNW/ - Third quarter Nine months millions of Canadian dollars, unless noted 2017 2016 % 2017 2016 % Net income (U.S. [Read more]
Alberta oilpatch needs to develop innovative alternative modes of oilsands’ crude transport
Canadian pipeline projects for transporting oil sands crude are either getting cancelled or getting embroiled in litigation: Energy East Pipeline project met its demise recently; TransMountain Pipeline project is facing court cases. Thus, Alberta oil’s access to refinery in the East Coast (that imports foreign oil) and access to tide water for export to Asia and other countries have potentially got jeopardized. With approval of Enbridge Line 67, some additional capacity, in the meantime, has [Read more]
Orocobre Limited Quarterly Report of Operations for the Period Ended 30 September 2017
"The only ASX listed company producing high value lithium chemicals for the growing battery and industrial market" BRISBANE, Australia, Oct. 27, 2017 /CNW/ -- SEPTEMBER QUARTER 2017 KEY POINTS1 OLAROZ LITHIUM FACILITY (ORE 66.5%)2 Production through the September quarter was 2,135 tonnes of lithium carbonate with consecutive increases month on month as brine concentration and evaporation rates increased Production has continued to increase in October, and is on track to achieve budget [Read more]
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