HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) today announced that Rich Harbison, executive vice president, Refining, has decided to retire, effective Dec. 31, 2026, following a distinguished career and significant contributions to the company. As part of the company’s ongoing succession planning, Chris Chandler will join Phillips 66 as strategic advisor to the CEO effective Oct. 6, 2026. Chandler will become executive vice president, Refining, effective Jan. 1, 2027. “Rich [Read more]
Pacific Link Listed as a Project of National Interest
CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA), along with the Governments of Alberta and Canada, and Trans Mountain Corporation, today marked a key milestone on the West Coast Oil Pipeline, now called Pacific Link (the "Project"), following its listing by the Government of Canada as a Project of National Interest ("PONI") under the Building Canada Act. The proposed nation-building infrastructure project will strengthen [Read more]
MidOcean Concludes 2026 Equity Raise, Securing More Than $4 Billion of Equity Commitments to Accelerate Global LNG Growth Strategy
LONDON & WASHINGTON--(BUSINESS WIRE)--MidOcean Energy ("MidOcean" or the "Company"), a liquefied natural gas (LNG) company formed and managed by EIG, today announced the conclusion of its 2026 equity capital raise, securing more than $4 billion of closed and pending commitments over the last 12 months from new strategic and institutional investors, as well as significant re-ups from existing investors. The capital committed significantly exceeded the Company's original target of $2 billion, [Read more]
EIG’s MidOcean Energy to Participate in LNG Canada Phase 2
LONDON & WASHINGTON--(BUSINESS WIRE)--MidOcean Energy (“MidOcean”), a liquefied natural gas (“LNG”) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced its participation in Phase 2 of LNG Canada through its partnership with PETRONAS, following the Final Investment Decision (FID) by the LNG Canada joint venture partners on September 29, 2026. MidOcean’s participation in Phase 2 follows the completion of its [Read more]
Williams Completes Acquisition of Momentum Midstream
TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced it has closed its acquisition of Momentum Midstream in a transaction valued at approximately $5.5 billion, expanding the company’s integrated natural gas infrastructure platform in the Haynesville to serve growing Gulf Coast LNG, power and industrial demand. The transaction includes approximately $3.5 billion of cash and debt consideration and roughly $2 billion of Williams’ equity. Momentum’s Haynesville platform adds more [Read more]
Chevron Expands Position in Venezuela
HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced agreements with Venezuela that establish updated terms for its joint ventures, supporting future investment, project development and production growth in the country. The agreements set out provisions for Chevron's joint ventures in Venezuela, including enhanced fiscal, commercial and legal terms intended to support durable and competitive long-term investments. As part of the agreements, Chevron has been assigned [Read more]
Chevron Announces Leadership Changes
• Navin Mahajan to retire after nearly 30 years with the company • Uriel "Ose” Oseguera named Treasurer of Chevron HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the election of Uriel "Ose" Oseguera as Treasurer, effective November 1, 2026. Oseguera succeeds Navin Mahajan, who will retire from Chevron after nearly 30 years of service. As Treasurer, Oseguera will lead Chevron's treasury organization, including capital markets, corporate finance, insurance, credit [Read more]
ConocoPhillips announces planned leadership succession: Andy O’Brien named president and CEO, Ryan Lance to assume transitional executive chair role, Konnie Haynes-Welsh appointed CFO
HOUSTON--(BUSINESS WIRE)--Today ConocoPhillips (NYSE: COP) announced that Andy O’Brien, chief financial officer and executive vice president, Strategy and Commercial, will succeed Ryan Lance as president and chief executive officer. O’Brien will join the board of directors with his appointment. Lance will retire as president and CEO and become executive chair of the board of directors in a transitional role following a distinguished and impactful career. Konnie Haynes-Welsh, currently vice [Read more]
ConocoPhillips announces second-quarter 2026 results and quarterly dividend
Reported second-quarter 2026 earnings per share of $3.23 and adjusted earnings per share of $3.24. Generated cash provided by operating activities of $7.4 billion and cash from operations (CFO) of $7.2 billion. Doubled share repurchases in the second quarter, increasing total shareholder distributions to $3.0 billion; on track for 45% return of CFO in 2026. Declared third-quarter ordinary dividend of $0.84 per share. Reaffirmed full-year guidance items. HOUSTON--(BUSINESS [Read more]
Imperial declares third quarter 2026 dividend
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 87 cents per share on the outstanding common shares of the company, payable on October 1, 2026, to shareholders of record at the close of business on September 4, 2026. This third quarter 2026 dividend compares with the second quarter 2026 dividend of 87 cents per share. Imperial has a long and successful history of growth and financial stability in Canada [Read more]