HOUSTON - ConocoPhillips (NYSE: COP) today reported first-quarter 2022 earnings of $5.8 billion, or $4.39 per share, compared with first-quarter 2021 earnings of $1.0 billion, or $0.75 per share. Excluding special items, first-quarter 2022 adjusted earnings were $4.3 billion, or $3.27 per share, compared with first-quarter 2021 adjusted earnings of $0.9 billion, or $0.69 per share. Special items for the current quarter were primarily comprised of a tax benefit related to closure of an audit, a [Read more]
Imperial reports voting results for election of directors
CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced at its annual meeting of shareholders held on May 3, 2022, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 16, 2022 were elected as directors. A total of 606,381,191 shares (90.62 percent of outstanding common shares) were represented in person or by proxy. The percentage of shares represented at the meeting that were voted to elect the [Read more]
Cheniere Corpus Christi Stage III and ARC Resources sign long-term integrated production marketing transaction
HOUSTON - Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that its subsidiary, Corpus Christi Liquefaction Stage III, LLC (“Corpus Christi Stage III”), has entered into a long-term Integrated Production Marketing (“IPM”) gas supply agreement with ARC Resources U.S. Corp (“ARC U.S.”), a subsidiary of ARC Resources, Ltd. (TSX: ARX), a leading natural gas producer in Canada. Under the IPM agreement, ARC U.S. has agreed to sell 140,000 MMBtu per day of natural gas to [Read more]
Imperial announces terms of its substantial issuer bid for up to $2,500,000,000
CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today the terms of its substantial issuer bid (the “Offer”) pursuant to which the company will offer to purchase for cancellation up to $2,500,000,000 of its common shares (the “Shares”). Subject to obtaining certain exemptive relief under applicable securities laws in Canada and the United States, the Offer will proceed by way of a modified Dutch auction that includes the ability for shareholders to participate via [Read more]
Tidewater announces earnings conference call
HOUSTON -Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today an earnings conference call has been scheduled for Tuesday, May 10, 2022, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three months ending March 31, 2022. Investors and interested parties may listen to the earnings conference call via telephone by calling +1.888.770.7135 if calling from the U.S. or Canada (+1.929.203.0820 if calling [Read more]
ConocoPhillips announces executive leadership changes
HOUSTON - ConocoPhillips (NYSE: COP) today announced that Tim Leach, previously executive vice president, Lower 48, has become advisor to the chief executive officer, effective May 1, 2022. In addition to his new role, Leach will continue serving as a member of the company’s board of directors. In conjunction with this change, the company also announced that Jack Harper, previously president, Permian for ConocoPhillips, and former president of Concho Resources, has assumed the role of [Read more]
Imperial announces first quarter 2022 financial and operating results
CALGARY, Alberta - TMLImperial Oil Limited (TSE: IMO, NYSE American: IMO): First quarter millions of Canadian dollars, unless noted 2022 2021 ∆ Net Income (loss) (U.S. GAAP) 1,173 392 +781 Net Income (loss) per common share, assuming dilution (dollars) 1.75 0.53 +1.22 Capital and exploration expenditures 296 163 +133 Imperial reported estimated net income in the first quarter of $1,173 million up from $813 [Read more]
Imperial declares second quarter 2022 dividend
CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 34 cents per share on the outstanding common shares of the company, payable on July 1, 2022, to shareholders of record at the close of business on June 2, 2022. This second quarter 2022 dividend compares with the first quarter 2022 dividend of 34 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the [Read more]
ExxonMobil announces first-quarter 2022 results
IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM): Results Summary Dollars in millions (except per share data) 1Q22 4Q21 Change vs 4Q21 1Q21 Change vs 1Q21 Earnings (U.S. GAAP) 5,480 8,870 -3,390 2,730 +2,750 Earnings Excluding Identified Items 8,833 8,795 +38 2,761 +6,072 Earnings Per Common Share [Read more]
Imperial announces intention to launch substantial issuer bid for up to $2,500,000,000
CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today that the Board of Directors, on the recommendation of a special committee of independent directors, has authorized the initiation of a substantial issuer bid (the “Offer”) pursuant to which the company will offer to purchase for cancellation up to $2,500,000,000 of its common shares (the “Shares”). The company anticipates that the terms and pricing will be determined, and the Offer will commence, during the [Read more]
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