BOE Report

ConocoPhillips announces Bill Bullock to retire after 39 years with the company

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that W.L. (Bill) Bullock, executive vice president and chief financial officer, will retire from ConocoPhillips after 39 years of distinguished service. Andy O’Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025. Andy will also retain responsibility for Strategy, Commercial and Sustainability. Bill began his career [Read more]

ConocoPhillips announces first-quarter 2025 results and quarterly dividend

Reported first-quarter 2025 earnings per share of $2.23 and adjusted earnings per share of $2.09. Generated cash provided by operating activities of $6.1 billion and cash from operations (CFO) of $5.5 billion. Lowered both full-year capital expenditures and adjusted operating cost guidance while maintaining full-year production guidance. Declared second-quarter ordinary dividend of $0.78 per share. HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported first-quarter 2025 [Read more]

Simpson Oil Announces Overwhelming Support for Majority Board Refresh at Parkland AGM

Reports Over 60% of Shares Voted on Simpson Oil’s GOLD Proxy Card Cautions Incumbent Board NOT to Deploy Further Questionable Tactics That Could Delay the Shareholder Meeting or the Integrity of the Vote Calls on Current Board to Begin an Orderly Transition GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Simpson Oil Limited (“Simpson Oil”, “we” or “our”), the largest shareholder of Parkland Corporation (“Parkland” or the “Company”), holding 19.8% of the Company’s outstanding common shares, [Read more]

ExxonMobil Announces First-Quarter 2025 Results

Execution of the company's strategy drove both industry-leading earnings of $7.7 billion and cash flow from operations of $13.0 billion1 Three-year total shareholder return CAGR of 17% lead industry and large industrials1 Distributed industry-leading $9.1 billion in shareholder distributions including $4.3 billion in dividends1 Commenced operations at the China Chemical Complex and 2nd Advanced Recycling Unit in Baytown SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation [Read more]

Chevron Reports First Quarter 2025 Results

Reported earnings of $3.5 billion; adjusted earnings of $3.8 billion Returned $6.9 billion cash to shareholders; acquired $2.2 billion of Hess shares Started production from Ballymore field in the Gulf of America in April HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) reported earnings of $3.5 billion ($2.00 per share - diluted) for first quarter 2025, compared with $5.5 billion ($2.97 per share - diluted) in first quarter 2024. Included in the quarter was a net loss of $175 [Read more]

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]