BOE Report

Hess Corporation receives stockholder approval for proposed merger with Chevron

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today announced that it has received the necessary approval of its stockholders for closing the company’s merger with Chevron Corporation. At the special meeting of Hess stockholders held today, a majority of the outstanding shares of Hess common stock were voted in favor of the adoption of the merger agreement. “We are very pleased that the majority of our stockholders recognize the compelling value of this strategic transaction and [Read more]

ExxonMobil completes acquisition of Pioneer Natural Resources

Transforms ExxonMobil’s upstream portfolio by more than doubling the company’s Permian footprint Combines Pioneer’s sizeable acreage, entrepreneurial culture and deep industry expertise with ExxonMobil’s balance-sheet strength, advanced technologies and industry-leading project development capabilities Transitions Pioneer’s 2050 net-zero Permian goal to a 2035 plan SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of [Read more]

Imperial appoints Senior Vice President, Upstream

Cheryl Gomez-Smith to succeed Simon Younger effective May 1, 2024 Simon Younger appointed Lead Country Manager and General Manager Australia Conventional, ExxonMobil Upstream CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) announced today the appointment of Cheryl Gomez-Smith as Senior Vice President, Upstream, effective May 1, 2024. Ms. Gomez-Smith, currently Director of Safety and Risk, ExxonMobil Global Operations and Sustainability, succeeds Simon Younger, [Read more]

Chevron reports first quarter 2024 results

Reported earnings of $5.5 billion; adjusted earnings of $5.4 billion Worldwide production 12 percent higher than a year ago Returned $6 billion cash to shareholders; eighth straight quarter over $5 billion Achieved key project milestones in Kazakhstan, East Mediterranean and U.S. SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) reported earnings of $5.5 billion ($2.97 per share - diluted) for first quarter 2024, compared with $6.6 billion ($3.46 per share [Read more]

ExxonMobil announces first-quarter 2024 results

Generated strong first-quarter earnings of $8.2 billion and $14.7 billion of cash flow from operating activities Achieved quarterly gross production of more than 600,000 oil-equivalent barrels per day in Guyana and reached a final investment decision on the sixth major development Grew performance chemical sales volumes and delivered record first-quarter refining throughput1 while maintaining excellent turnaround performance Reduced operated methane emissions intensity by [Read more]

Imperial declares second quarter 2024 dividend

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 60 cents per share on the outstanding common shares of the company, payable on July 1, 2024, to shareholders of record at the close of business on June 3, 2024. This second quarter 2024 dividend compares with the first quarter 2024 dividend of 60 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading [Read more]

Imperial announces first quarter 2024 financial and operating results

Quarterly net income of $1,195 million Cash flows from operating activities of $1,076 million and cash flows from operating activities excluding working capital1 of $1,521 million Upstream production of 421,000 gross oil-equivalent barrels per day Highest ever first quarter production at Kearl of 277,000 total gross oil-equivalent barrels per day (196,000 barrels Imperial's share) Further progressed Cold Lake Grand Rapids, consistent with plan to ramp up production in coming weeks [Read more]

Imperial to hold 2024 first 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 First Quarter Earnings Call on Friday, April 26, following the company’s first 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 from Imperial’s [Read more]

ExxonMobil to release first quarter 2024 financial results

SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) will release its first quarter 2024 financial results on Friday, April 26, 2024. The company will issue a press release via Business Wire that will be available at 5:30 a.m. CT at investor.exxonmobil.com. Chairman and Chief Executive Officer Darren Woods and Senior Vice President and Chief Financial Officer Kathy Mikells will review the results during a live conference call at 7:30 a.m. CT. The presentation will be accessible [Read more]

Hess sanctions Whiptail development offshore Guyana

Whiptail development receives government approval; production targeted to begin in 2027 Sixth Stabroek Block development will add gross production capacity of approximately 250,000 barrels of oil per day On track to deliver gross production capacity on the block of approximately 1.3 million barrels of oil per day by end of 2027 NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today announced it has made a final investment decision to proceed with Whiptail, the sixth development [Read more]