BOE Report

ConocoPhillips reports fourth-quarter and full-year 2024 results; announces 2025 guidance and quarterly dividend

Completed the acquisition of Marathon Oil, adding high-quality, low cost of supply inventory adjacent to the company’s leading U.S. unconventional position. Reported fourth-quarter 2024 earnings per share of $1.90 and adjusted earnings per share of $1.98. Delivered 2024 preliminary reserve replacement ratio of 244% and preliminary organic reserve replacement ratio of 123%. Announced planned 2025 return of capital target of $10 billion at current commodity prices and declared [Read more]

Waterous Energy Fund Announces Disposition of Shares of Strathcona Resources Ltd.

CALGARY, Alberta--(BUSINESS WIRE)--Waterous Energy Fund Management Corp. (the "WEF Manager"), in its capacity as manager of certain limited partnerships, including but not limited to, Waterous Energy Fund (Canadian) LP, Waterous Energy Fund (US) LP, Waterous Energy Fund (International) LP, Waterous Energy Fund II Aggregator LP, Waterous Energy Fund Co-Investment (Canadian) LP and Waterous Energy Fund Co-Investment (International) LP (together with certain other entities managed by the WEF [Read more]

Phillips 66 Reports Fourth-Quarter Results and Announces Next Phase of Strategic Initiatives

Fourth Quarter Reported fourth-quarter earnings of $8 million or $0.01 per share; adjusted loss of $61 million or $0.15 per share Earnings impacted by $230 million pre-tax of accelerated depreciation related to Los Angeles Refinery Returned $1.1 billion to shareholders through dividends and share repurchases Record NGL fractionation and LPG export volumes in Midstream Record clean product yield in Refining Surpassed targeted $3 billion in announced asset dispositions Full-Year 2024 [Read more]

Imperial announces fourth quarter 2024 financial and operating results

Quarterly net income of $1,225 million Cash flows from operating activities of $1,789 million and cash flows from operating activities excluding working capital1 of $1,650 million Kearl quarterly production of 299,000 total gross oil-equivalent barrels per day (212,000 barrels Imperial's share), and highest-ever full year total gross production of 281,000 barrels per day (200,000 barrels Imperial's share) Cold Lake quarterly production of 157,000 gross oil-equivalent barrels per day and [Read more]

ExxonMobil Announces 2024 Results

Business transformation drove industry-leading 2024 financial performance1 Delivered $33.7 billion in earnings and $55.0 billion in cash flow from operations – third best year in a decade Achieved record production in Permian and Guyana, and record sales volumes of high-value products Distributed $36.0 billion to shareholders – more than all but five companies in the S&P 5001 Achieved $12.1 billion cumulative structural cost savings since 2019; more than offsetting inflation and [Read more]

Chevron Reports Fourth Quarter 2024 Results

Reported earnings of $3.2 billion; adjusted earnings of $3.6 billion Returned record $27 billion cash to shareholders in 2024 Increased 2024 worldwide and U.S. production by 7 and 19 percent to record levels Delivered key project start-ups and milestones in the U.S. and Kazakhstan Announced a 5 percent increase in quarterly dividend to $1.71 per share HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) reported earnings of $3.2 billion ($1.84 per share - diluted) for fourth [Read more]

Venture Global, Inc. Announces Pricing of its Initial Public Offering

ARLINGTON, Va.--(BUSINESS WIRE)--Venture Global, Inc. (“Venture Global”) announced today the pricing of its initial public offering of 70,000,000 shares of its Class A common stock, par value $0.01 (“Class A common stock”) at a public offering price of $25.00 per share. In connection with the offering, Venture Global has granted the underwriters a 30-day option to purchase up to an additional 10,500,000 shares of Class A common stock. The shares of Class A common stock are expected to begin [Read more]

Imperial to hold 2024 Fourth Quarter Earnings Call

CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Peter Shaw, vice-president, investor relations, Imperial Oil Limited, will host a 2024 Fourth Quarter Earnings Call on Friday, January 31, following the company’s fourth 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 questions [Read more]

Chevron Names Laura Lane Vice President and Chief Corporate Affairs Officer; Al Williams to Retire

HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced Laura Lane will become vice president and Chief Corporate Affairs Officer, effective February 1. Lane will oversee the company’s government affairs, communications, and social investment activities. Lane will be based in Houston and succeed Al Williams, who is retiring in April after 34 years at the company. “Laura’s background in both the private and public sectors, her proven leadership in complex global organizations [Read more]

Kinder Morgan Announces Acquisition of Gas Gathering & Processing System in Bakken from Outrigger Energy II

$640 million purchase includes 270 MMcf/d processing plant and rich gas header system strategically located in Williston Basin, North Dakota HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced that its subsidiary, Hiland Partners Holdings LLC, has agreed to purchase a natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC for $640 million. The acquisition includes a 270 million cubic feet per day (MMcf/d) processing facility and a [Read more]