BOE Report

Pembina Pipeline Corporation Announces 2025 Guidance and Provides Business Update

All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"). For more information see "Non-GAAP and Other Financial Measures" herein. CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation [Read more]

Imperial provides 2025 corporate guidance outlook

CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) today provided an update on its corporate guidance outlook for 2025. The company’s strategy remains focused on maximizing the value of its existing assets and progressing advantaged high-value growth opportunities while delivering industry-leading returns to shareholders. “Our 2025 plan builds on our momentum and positions the company to achieve even stronger operating performance with higher volumes and lower unit [Read more]

STEP Energy Services Ltd. Announces 2025 Capital Budget and Provides Fourth Quarter Update and First Quarter Outlook and Impact of Canada Post Service Disruption on Take Private Transaction

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. (“STEP” or the “Company”) (TSX: STEP) is announcing its 2025 capital budget and is providing an operational and financial update. 2025 Capital Budget STEP is pleased to announce its full-year 2025 capital budget will be $78.9 million. The budget includes $46.7 million of optimization capital and $32.2 million of sustaining capital. The optimization capital will facilitate the deepening of the Company’s natural gas strategy, [Read more]

ExxonMobil announces plans to 2030 that build on its unique advantages

Expects to deliver growth potential of $20 billion in earnings and $30 billion in cash flow1 Key elements of ExxonMobil’s 2030 plan: Increasing Pioneer acquisition average annual synergies by over 50% to more than $3 billion2 Growing new business earnings potential to $3 billion3 Adding $7 billion more in structural cost savings vs. 3Q2024 Increasing Upstream production to 5.4 million oil-equivalent barrels per day with >60% from advantaged assets Growing high-value [Read more]

Pembina Pipeline Corporation Announces Redemption of Series 22 Preferred Shares

All financial figures are in Canadian dollars unless otherwise noted. CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its intention to redeem its issued and outstanding Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 22 ("Series 22 Shares") (TSX: PPL.PF.B) on January 8, 2025 (the "Redemption Date"). Pembina intends to redeem all of its 1,028,130 issued and outstanding Series 22 Shares, [Read more]

Energy Transfer Announces Pipeline Project Connecting Permian Basin Production Supplies to Multiple Markets

Will Provide Additional Natural Gas Capacity to Serve Growing Market Needs DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced that it has reached a positive final investment decision (FID) for the construction of an intrastate natural gas pipeline connecting Permian Basin production to premier markets and trading hubs. The new large-diameter pipeline, previously called the Warrior Pipeline, is being renamed in honor of Hugh Brinson and will now be known as the Hugh Brinson [Read more]

Chevron announces 2025 capex budget & 4Q24 interim updates

Organic capex budget of $15 billion; affiliate capex budget of $2 billion Restructuring and other charges expected to be $1.1 to $1.5 billion in 4Q24   SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation today announced an organic capital expenditure range of $14.5 to $15.5 billion for consolidated subsidiaries (capex) and an affiliate capital expenditure (affiliate capex) range of $1.7 to $2.0 billion for 2025. The company’s 2025 capex and affiliate capex budgets represent [Read more]

ExxonMobil announces leadership changes

Liam Mallon to retire after 34 years of service Dan Ammann appointed President, Upstream Company Barry Engle appointed President, Low Carbon Solutions SPRING, Texas--(BUSINESS WIRE)--ExxonMobil (NYSE: XOM) today announced Liam M. Mallon, president of ExxonMobil Upstream Company and vice president Exxon Mobil Corporation, will retire effective February 1, 2025. The Board of Directors has appointed Dan L. Ammann president, ExxonMobil Upstream Company. Dan will continue as vice president, [Read more]

More U.S. LNG is needed to curb Asia’s surging coal use, Asia Natural Gas & Energy Association commissioned-study finds

SINGAPORE--(BUSINESS WIRE)--#energy--Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a new study by data and analytics company Wood Mackenzie has shown. The study, commissioned by the Asia Natural Gas & Energy Association (ANGEA), models energy demand, power generation and the implications for gas demand for nations across Asia through to 2050. The study found continued growth [Read more]

Imperial to hold 2025 corporate guidance outlook

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 2025 corporate guidance outlook call and presentation on Thursday, December 12, following the release that morning of the company’s 2025 corporate guidance outlook. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks [Read more]