U.S. oil drillers this week cut the most rigs in over three months and reduced the number of oil rigs operating for a second week in a row and for the fifth straight month, as independent producers follow through on plans to cut spending on new drilling and completions. Drillers cut 20 oil rigs in the week to April 26, the steepest decline since the week to Jan. 18, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. . The U.S. rig count, [Read more]
Archives for April 2019
Chevron Reports First Quarter Net Income of $2.6 Billion
Upstream volumes up 7 percent from prior year Enters agreement to acquire Anadarko Petroleum Corporation SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today reported earnings of $2.6 billion ($1.39 per share – diluted) for first quarter 2019, compared with $3.6 billion ($1.90 per share – diluted) in the first quarter of 2018. Foreign currency effects decreased earnings in the 2019 first quarter by $137 million. Sales and other operating revenues in first quarter [Read more]
Cheniere Partners Declares Increase in Quarterly Distributions
HOUSTON--(BUSINESS WIRE)--Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) today declared (i) a cash distribution per common and subordinated unit of $0.60 ($2.40 annualized) to unitholders of record as of May 7, 2019, and (ii) the related distribution to its general partner. All of these distributions are payable on May 15, 2019. This press release serves as qualified notice to nominees as provided for under Treasury [Read more]
Imperial Oil reports first-quarter profit down from year ago, raises dividend
CALGARY - Imperial Oil Ltd. raised its dividend nearly 16 per cent as it reported that its first-quarter profit fell compared with a year ago. The Calgary-based energy company says it will now pay a quarterly dividend of 22 cents per share, up from 19 cents. The increased payment to shareholders came as Imperial reported a profit of $293 million or 38 cents per diluted share for its first quarter. That compared with a profit of $516 million or 62 cents per share in the [Read more]
Imperial declares second quarter 2019 dividend
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited today declared a quarterly dividend of 22 cents per share on the outstanding common shares of the company, payable on July 1, 2019, to shareholders of record at the close of business on June 3, 2019. This second quarter 2019 dividend compares with the first quarter 2019 dividend of 19 cents per share. Imperial has a long and successful history of growth and financial [Read more]
Imperial announces first quarter 2019 financial and operating results
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSX:IMO): Earnings of $293 million; cash generated from operations of $1 billion $510 million returned to shareholders through share purchases and dividends Second quarter dividend increased by 16 percent to 22 cents per share First quarter millions of Canadian dollars, unless noted 2019 2018 ∆ Net Income (loss) (U.S. GAAP) 293 516 -223 Net Income (loss) per common share, [Read more]
Husky Energy reports $328M first-quarter profit, up from $249M a year ago
CALGARY - Husky Energy Inc. says it earned $328 million in its latest quarter, up from $248 million a year ago. The company says the profit amounted to 32 cents per share for the three months ended March 31 compared with a profit of 24 cents per share a year earlier. Production in the quarter averaged 285,200 barrels of oil equivalent per day, down from 300,400 in the same quarter last year. Husky says the decline came due to the mandated Alberta government production [Read more]
Husky Energy Announces First Quarter 2019 Dividend and Second Quarter 2019 Preferred Shares Dividend Payments
CALGARY, Alberta, April 26, 2019 (GLOBE NEWSWIRE) -- The Board of Directors of Husky Energy (TSX:HSE) has approved a quarterly dividend of $0.125 (Cdn) per common share for the three-month period ended March 31, 2019. The dividend will be payable on July 2, 2019 to shareholders of record at the close of business on June 10, 2019. Regular dividend payments on each of the Cumulative Redeemable Preferred Shares – Series 1, Series 2, Series 3, Series 5 and Series 7 – will be paid for the [Read more]
Husky Energy Reports First Quarter 2019 Results
This news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “net debt”, “net debt to trailing funds from operations”, “operating netback” and “EBITDA”. Please refer to “Non-GAAP Measures” at the end of this news release. CALGARY, Alberta, April 26, 2019 (GLOBE NEWSWIRE) -- Husky Energy (TSX: HSE) generated funds from operations of $959 million in the first quarter of 2019, compared to $895 million in the first quarter of 2018. Net earnings [Read more]
Suncor CEO urges Alberta to find way out of oil curtailments
The outgoing chief executive of Canada's Suncor Energy on Thursday urged the new Alberta government to find a way out of mandatory oil production curtailments that were imposed this year to help boost crude prices. Steve Williams also put Canada's failure to build new export pipelines that would ship more crude out of landlocked Alberta squarely at the feet of federal and provincial governments and regulators. Williams will retire next week after 17 years with Canada's largest energy [Read more]
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