BOE Report

Imperial announces first quarter 2025 financial and operating results

Quarterly net income of $1,288 million Cash flows from operating activities of $1,527 million and cash flows from operating activities excluding working capital1 of $1,760 million Quarterly Upstream production of 418,000 gross oil-equivalent barrels per day Kearl quarterly production of 256,000 total gross oil-equivalent barrels per day (181,000 barrels Imperial's share) Cold Lake quarterly production of 154,000 gross oil-equivalent barrels per day, including strong Grand Rapids [Read more]

Woodside Signs Gas Supply Agreement for Louisiana LNG

HOUSTON--(BUSINESS WIRE)--Woodside has signed an agreement with bp for the integrated energy major to supply natural gas to the Louisiana LNG project. This agreement represents the first tranche of a diversified portfolio of feedgas that will support the Louisiana LNG project, enabled by the project’s extensive interconnectivity to multiple producing basins and inter-connecting pipelines. Woodside’s CEO Meg O’Neill said the agreement marks another milestone for the Louisiana LNG [Read more]

Woodside Approves Louisiana LNG Development

HOUSTON--(BUSINESS WIRE)--Woodside has made a final investment decision to develop the three-train, 16.5 million tonne per annum (Mtpa) Louisiana LNG development. Woodside is targeting first LNG in 2029. Development of Louisiana LNG will position Woodside as a global LNG powerhouse, enabling the company to deliver approximately 24 Mtpa from its global LNG portfolio in the 2030s, and operating over 5% of global LNG supply.1 The development has expansion capacity for two additional LNG trains [Read more]

ISS Joins Glass Lewis in Urging Parkland Shareholders to Vote For Meaningful Change

Highlights Troubling Pattern of Mismanagement, Volatile and Deteriorating Financial Performance, Failure to Execute, and Repeated Efforts to Disenfranchise Shareholders Both Leading Proxy Advisors Recommend Shareholders Vote on the GOLD Proxy Card Simpson Oil Cautions the Incumbent Board NOT to Deploy Further Questionable Tactics That Could Delay the Shareholder Meeting or the Integrity of the Vote Simpson Oil Reminds Shareholders to Visit www.RefuelParkland.com for Details on How to [Read more]

Leading Proxy Advisory Firm Backs Simpson Oil’s Call for Board Overhaul at Parkland

Glass Lewis Concludes Stronger Independent Board Oversight is Needed, Citing Significant Underperformance, Financial and Strategic Execution Challenges, and a Consistent Pattern of Board Entrenchment Recommends Shareholders Vote the GOLD Proxy Card for a Board Refresh to Ensure “Credible” CEO-Succession and Strategic Review Processes Simpson Oil Reminds Shareholders to Visit www.RefuelParkland.com for Details on How to Vote for All Nine of Simpson Oil’s Director Candidates on the GOLD [Read more]

Phillips 66 Files Investor Presentation Highlighting Proven Strategy, Board Strength and Path for Shareholder Value Creation

Outlines strong operational and financial performance driven by the Company’s transformative strategy Warns that Elliott’s high-risk proposals are misleading, based on flawed analysis and threaten long-term shareholder value Underscores the valuable skills and experiences Phillips 66’s Board and nominees have to drive shareholder value creation, superior to those of Elliott’s nominees HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE:PSX) (the “Company”) today filed an investor presentation [Read more]

Independent Directors of Phillips 66 Issue Letter to Investors and Their Stewardship Teams

Encourages Honest, Independent Interrogation of Facts Raises Key Questions Stewardship Teams and Investors Should Reach Their Own Conclusions On HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE:PSX) today sent a letter from the Independent Directors of the Board to the Company’s shareholders and to independent proxy advisors, particularly those involved in assessing corporate governance topics. In conjunction with today’s letter, Phillips 66 published a new video to phillips66delivers.com. [Read more]

Chevron Starts Oil Production From Ballymore Project in Gulf of America

HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the company’s goal to produce 300,000 net barrels per day of oil equivalent from the Gulf in 2026. Ballymore is expected to produce up to 75,000 gross barrels of oil per day through three wells [Read more]

Woodside Signs LNG Supply Agreements With Uniper

HOUSTON--(BUSINESS WIRE)--Woodside has signed LNG sale and purchase agreements with Uniper for the supply of 1.0 million tonnes per annum (Mtpa) from Louisiana LNG LLC and up to 1.0 Mtpa from its global portfolio (Woodside Energy Trading Singapore Pty. Ltd.), demonstrating ongoing strong demand for LNG globally. Woodside CEO Meg O’Neill said these agreements represent another important milestone to move Louisiana LNG towards a final investment decision. “We are delighted to advance our [Read more]

Imperial to hold 2025 First Quarter Earnings Call

CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Brad Corson, chairman and chief executive officer; John Whelan, president; and Peter Shaw, vice-president, investor relations, Imperial Oil Limited, will host the 2025 First Quarter Earnings Call on Friday, May 2, following the company’s first quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast.   During the call, Mr. Corson will offer brief remarks prior to taking [Read more]