BOE Report

Pembina Pipeline Corporation Reports Record Results for the Fourth Quarter of 2024 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; adjusted cash flow from operating activities per common share; and proportionately [Read more]

Chevron Announces Senior Leadership Changes

HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced senior leadership changes as part of the company’s efforts to simplify its organizational structure, execute faster and more effectively, and be positioned for stronger long-term competitiveness. The company’s Oil, Products & Gas organization will be consolidated into two segments: Upstream and Downstream, Midstream & Chemicals. Mark Nelson will continue to lead this organization as vice chairman and executive [Read more]

Venture Global Announces Commencement of Commercial Operations at Calcasieu Pass

ARLINGTON, Va.--(BUSINESS WIRE)--Today, Venture Global announced that it has notified its long-term customers that its Calcasieu Pass facility will commence commercial operations on April 15, 2025. The facility will achieve its commercial operation date, or COD, in under 68 months from its August 2019 final investment decision, despite substantial impacts including two hurricanes, the COVID-19 pandemic, and major unforeseen manufacturing issues, such as with the Heat Recovery Steam Generators [Read more]

ConocoPhillips Receives Exemptive Relief From Canadian Securities Regulatory Authorities Regarding Future Canadian Filings

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) (the “Company”) announced today that the Company has received exemptive relief from the applicable Canadian securities regulatory authorities regarding future filing requirements. The Company became a reporting issuer for Canadian securities law purposes by virtue of the acquisition of Marathon Oil Corporation in November 2024, which made the Company subject to Canadian continuous disclosure and other reporting obligations under applicable [Read more]

Imperial appoints new president; CEO Brad Corson announces retirement

Corson announces intention to retire after 42-year career at Imperial and ExxonMobil Board appoints new president, John Whelan, effective April 1, 2025 Whelan to succeed Corson as chairman and CEO, effective May 8, 2025 CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) today said the board of directors has approved the appointment of John Whelan as president, effective April 1, 2025. Chairman, president and chief executive officer, Brad Corson, has declared his [Read more]

STEP Energy Services Ltd. to Announce Fourth Quarter and Year End 2024 Results and Host Conference Call

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. (“STEP”) intends to release its 2024 fourth quarter results on Tuesday, March 11, 2025 after markets close. Financial Statements and Management's Discussion and Analysis will be posted to STEP’s website and SEDAR after the press release is disseminated. STEP will host a conference call on Wednesday, March 12, 2025 at 9:00 a.m. MT to discuss the results for the Fourth Quarter and Year End 2024 and outlook on 2025. To listen to [Read more]

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]