BOE Report

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]

Imperial Senior Vice President, Sustainability, Commercial Development and Product Solutions to assume new role at Exxon Mobil Corporation

CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) announced today that Sherri Evers, currently Senior Vice President, Sustainability, Commercial Development and Product Solutions for Imperial, will become North America Lubes General Manager for Exxon Mobil Corporation, effective March 1, 2025. “On behalf of Imperial, I would like to thank Sherri Evers for her contributions and strong leadership as part of the management team over the last four years,” said Brad [Read more]

Constellation To Acquire Calpine; Creates America’s Leading Producer of Clean and Reliable Energy to Meet Growing Demand for Customers and Communities

Constellation to Acquire Calpine in Stock and Cash Joins Best-in-Class Customer Platforms, Providing Opportunities to Better Serve Customers with a Broader Array of Energy and Sustainability Products Combines Nation’s Premier Nuclear, Natural Gas and Geothermal Fleets to Create Cleanest and Most Reliable Energy Producer, with Coast-to-Coast Presence Immediately and Highly Accretive to Constellation’s EPS and Cash Flow with Value Creation for Constellation Owners Ownership Commitment [Read more]

Pembina Pipeline Corporation Declares Quarterly Preferred Share Dividends and Announces Fourth Quarter 2024 Results Conference Call and Webcast

CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors has declared quarterly dividends for the Company's preferred shares, Series 1, 3, 5, 7, 9, 15, 17, 19, 21 and 25. Series 1, 3, 5, 7, 9 and 21 preferred share dividends are payable on March 3, 2025, to shareholders of record on February 3, 2025. Series 15, 17 and 19 preferred share dividends are payable on March 31, 2025, to shareholders of [Read more]

STEP Energy Services Announces Normal Course Issuer Bid

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. (TSX:STEP) (“STEP”) has received approval from the Toronto Stock Exchange (“TSX”) to proceed with a normal course issuer bid (“NCIB”) for its common shares. Under the NCIB, STEP may repurchase up to 3,601,082 common shares, representing five percent of its issued and outstanding common shares as at December 26, 2024. The NCIB is to commence on January 9, 2025 and end on January 8, 2026 or such earlier date as STEP may complete its [Read more]