BOE Report

Pembina Pipeline Corporation reports results for the third quarter 2024 and updates full year guidance

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]

STEP Energy Services Ltd. Agrees to $5.00 Per Share Take Private Transaction With Funds Advised by ARC Financial Corp.

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. (“STEP” or the “Company”) (TSX: STEP) is pleased to announce that it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with 2659160 Alberta Ltd. and the limited partnerships comprising ARC Energy Fund 8 (a private equity fund advised by ARC Financial Corp.) (collectively, “ARC”) to take the Company private in an all-cash transaction. Under the terms of the Arrangement Agreement, ARC will acquire all [Read more]

Pembina Pipeline Corporation Provides Notice of Series 7 Preferred Share Conversion Right and Announces Reset Dividend Rates

CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 7 ("Series 7 Shares") (TSX: PPL.PR.G) on December 1, 2024. As a result of the decision not to redeem the Series 7 Shares, and subject to certain terms of the Series 7 Shares, the holders of the Series 7 Shares will [Read more]

Imperial announces third quarter 2024 financial and operating results

Quarterly net income of $1,237 million Cash flows from operating activities of $1,487 million and cash flows from operating activities excluding working capital1 of $1,797 million Upstream production of 447,000 gross oil-equivalent barrels per day, highest third quarter in over 30 years Kearl production of 295,000 total gross oil-equivalent barrels per day (209,000 barrels Imperial's share), matching highest-ever third quarter production Cold Lake production of 147,000 gross [Read more]

ExxonMobil announces third-quarter 2024 results

Improved earnings power from enterprise-wide transformation drove industry-leading third-quarter earnings of $8.6 billion1 Achieved highest liquids production in over 40 years with 3.2 million barrels per day2 Delivered record high-value product sales volumes in Product Solutions, up 10% over prior year-to-date Returned $9.8 billion to shareholders in the quarter and increased fourth-quarter dividend to $0.99 per share Leading carbon capture and storage development; new customer [Read more]

Chevron Reports Third Quarter 2024 Results

Reported earnings of $4.5 billion; cash flow from operations of $9.7 billion Returned record $7.7 billion cash to shareholders Started up key U.S. Gulf of Mexico projects Optimizing portfolio with announced $6.5 billion sale of Canadian assets SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) reported earnings of $4.5 billion ($2.48 per share - diluted) for third quarter 2024, compared with $6.5 billion ($3.48 per share - diluted) in third quarter 2023. Foreign [Read more]

ConocoPhillips announces third-quarter 2024 results, increases quarterly ordinary dividend and existing share repurchase authorization

Reported third-quarter 2024 earnings per share of $1.76 and adjusted earnings per share of $1.78. Generated cash provided by operating activities of $5.8 billion and cash from operations (CFO) of $4.7 billion. Raised ordinary dividend by 34% to $0.78 per share and increased existing share repurchase authorization by up to $20 billion. HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported third-quarter 2024 earnings of $2.1 billion, or $1.76 per share, compared with [Read more]

Imperial to hold 2024 Third 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 Third Quarter Earnings Call on Friday, November 1, following the company’s third quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast.20 During the call, Mr. Corson will offer brief remarks prior to taking questions from [Read more]

SLB announces definitive agreement to sell its interests in Palliser Block

HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) today announced that it has entered into a definitive agreement to sell its interests in the Palliser Block located in Alberta, Canada. The Palliser Block consists of oil and gas wells, surface facilities, a pipeline network and certain oil and gas development rights. The transaction, which is subject to regulatory approval and other customary closing conditions, is expected to close late in the fourth quarter of [Read more]

STEP Energy Services Ltd. to Announce Third Quarter 2024 Results and Host Conference Call

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. (“STEP”) (TSX: STEP) intends to release its 2024 third quarter results on Wednesday, November 13, 2024 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 Thursday, November 14, 2024 at 9:00 a.m. MT. To listen to the webcast of the conference call, please click on the following: [Read more]