BOE Report

ConocoPhillips further expands LNG business with additional Gulf Coast offtake agreement

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced it has signed a long-term sales and purchase agreement (SPA) to purchase 4 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 2 project under development by Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), in Jefferson County, Texas. Under the agreement, ConocoPhillips will offtake LNG over a 20-year term on a free-on-board basis, supporting the company’s ability to [Read more]

Stone Ridge Buys Oklahoma Assets From ConocoPhillips

Acquisition Brings Stone Ridge Energy’s Portfolio to Over 11 GW of Power NEW YORK--(BUSINESS WIRE)--Stone Ridge Holdings Group (“Stone Ridge”), a financial services firm focused on alternative asset management, reinsurance, and bitcoin, today announced that its energy platform, Stone Ridge Energy (“SRE”), entered into a definitive agreement to acquire a major portfolio of Oklahoma energy assets from ConocoPhillips for approximately $1.3 billion. This marks SRE’s second acquisition this [Read more]

Pembina Pipeline Corporation Reports Results for the Second Quarter of 2025 and Provides Business Update

All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"); adjusted cash flow from operating activities; and adjusted cash flow from operating activities per common share. For more [Read more]

ConocoPhillips announces second-quarter 2025 results and quarterly dividend

Reported second-quarter 2025 earnings per share of $1.56 and adjusted earnings per share of $1.42. Generated cash provided by operating activities of $3.5 billion and cash from operations (CFO) of $4.7 billion. Declared third-quarter ordinary dividend of $0.78 per share. Completed the asset integration of Marathon Oil and remain on track for more than $1 billion of synergies on a run-rate basis by year-end 2025 and over $1 billion of one-time benefits. Announced incremental cost [Read more]

STEP Energy Services Ltd. Reports Second Quarter 2025 Results

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. (the “Company” or “STEP”) (TSX: STEP) is pleased to announce its financial and operating results for the three and six months ended June 30, 2025. The following Press Release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and the unaudited condensed consolidated financial statements and notes thereto as at June 30, 2025 (the “Financial Statements”). Readers should also refer to the [Read more]

Imperial declares third quarter 2025 dividend

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 72 cents per share on the outstanding common shares of the company, payable on October 1, 2025, to shareholders of record at the close of business on September 4, 2025.   This third quarter 2025 dividend compares with the second quarter 2025 dividend of 72 cents per share. Imperial has a long and successful history of growth and financial stability in Canada [Read more]

Imperial announces second quarter 2025 financial and operating results

Quarterly net income of $949 million Cash flows from operating activities of $1,465 million and cash flows from operating activities excluding working capital1 of $1,413 million Upstream production of 427,000 gross oil-equivalent barrels per day, highest second quarter in over 30 years Kearl achieved highest-ever second quarter production of 275,000 total gross oil-equivalent barrels per day (195,000 barrels Imperial's share) Completed construction and commissioning on Canada's [Read more]

ExxonMobil Announces Second-Quarter 2025 Results

Delivered industry-leading results, earnings of $7.1 billion and cash flow from operations of $11.5 billion1 Returned industry-leading $9.2 billion to shareholders, on pace to purchase $20 billion in shares this year2 Repurchased approximately 40% of shares issued to acquire Pioneer Natural Resources since May 2024 Commenced start-up of Singapore Resid Upgrade, Fawley Hydrofiner and Strathcona Renewable Diesel projects SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil [Read more]

Chevron Reports Second Quarter 2025 Results

Reported earnings of $2.5 billion; adjusted earnings of $3.1 billion Record production; 1 million BOE per day in the Permian Basin Returned $5.5 billion cash to shareholders; 13 straight quarters of over $5 billion Completed acquisition of Hess Corporation in July HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) reported earnings of $2.5 billion ($1.45 per share - diluted) for second quarter 2025, compared with $4.4 billion ($2.43 per share - diluted) in second quarter 2024. [Read more]

Pembina Pipeline Enters into LPG Export Agreement with AltaGas Ltd.

CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the “Company”) (TSX: PPL; NYSE: PBA) announced today that it has entered into a new long-term agreement with AltaGas Ltd. (“AltaGas”) that provides a highly competitive export outlet further enhancing end-market diversification for Pembina and its customers. Pembina has entered into a long-term tolling agreement with AltaGas for 30,000 barrels per day (“bpd”) of liquified petroleum gases ("LPG") export capacity at [Read more]