U.S. energy firms this week cut the number of oil rigs operating to their lowest in eight months as some drillers follow through on plans to spend less on new wells this year.Drillers cut 15 oil rigs in the week to Feb. 1, bringing the total count down to 847, the lowest since May 2018, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. That was the fourth time drillers cut rigs in the past five weeks.More than half the total U.S. oil [Read more]
Archives for February 2019
Imperial Oil beats quarterly profit estimates on refining strength
Canada's integrated oil company Imperial Oil Ltd on Friday posted a quarterly profit that beat analysts' estimate, as cheap crude prices enhanced margins at its refining division.Imperial, majority owned by Exxon Mobil Corp , said income from its refining unit jumped nearly four-fold to C$1.14 billion ($868.2 million). Canadian crude prices have been hurt by a glut in storage as pipelines have been running at full capacity. "Imperial has taken a strategic approach to increase [Read more]
Imperial Oil reports fourth-quarter profit
Canada's integrated oil company Imperial Oil Ltd on Friday posted a quarterly profit, driven by gains from cheap crude prices at its refining division.Imperial, majority owned by Exxon Mobil Corp , said its net profit in the fourth quarter ended Dec. 31 was C$853 million ($649.2 million), or C$1.08 per share. The Calgary, Alberta-based company had posted a net loss of C$137 million, or 16 Canadian cents per share, a year earlier, due to a surge in refining and oil production costs.The [Read more]
Imperial declares first quarter 2019 dividend
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited today declared a quarterly dividend of 19 cents per share on the outstanding common shares of the company, payable on April 1, 2019, to shareholders of record at the close of business on March 4, 2019. This first quarter 2019 dividend compares with the fourth quarter 2018 dividend of 19 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 2018 financial and operating results
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSX:IMO): Full-year earnings of $2,314 million; $3,922 million cash generated from operations Record annual gross production at Kearl of 206,000 barrels per day Returned more than $2.5 billion to shareholders through share purchases and dividends Fourth quarter Twelve months millions of Canadian dollars, unless [Read more]
Bonterra Energy Corp. Confirms Cash Dividend for January 2019 Payable February 28, 2019
CALGARY, Feb. 1, 2019 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") announces that the January 2019 monthly cash dividend will be $0.01 per share and will be paid on February 28, 2019. The record date for the dividend is February 15, 2019 and the ex-dividend date is February 14, 2019. The dividend is paid monthly and is subject to commodity prices and production levels. The dividend is considered an "eligible dividend" for tax [Read more]
Centennial Resource Development, Inc. Announces Fourth Quarter and Full Year 2018 Earnings Conference Call
DENVER, Feb. 01, 2019 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) announced today that it will report fourth quarter and full year 2018 financial and operating results after the market closes for trading on February 25, 2019. Management will host an earnings conference call on February 26, 2019 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (800) 789-3525, or (442) [Read more]
U.S. says non-U.S. entities must wind down Venezuela oil buying
WASHINGTON (Reuters) - Any non-U.S. entities purchasing petroleum and petroleum products from Petróleos de Venezuela SA in transactions that involve any U.S. persons, the U.S. financial system or U.S. brokers must be wound down by April 28, the U.S. Treasury Department said in a notice posted early on Friday. Americans who work for non-U.S. companies located outside of the United States and Venezuela have until March 29 to conduct “certain maintenance or wind-down transactions,” according to [Read more]
- « Previous Page
- 1
- …
- 28
- 29
- 30