BOE Report

Pembina Pipeline Corporation announces 2024 guidance and provides business update

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 adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"); and proportionately consolidated debt-to-adjusted EBITDA. For more information see "Non-GAAP and Other Financial Measures" herein. CALGARY, [Read more]

Imperial announces preliminary results of its substantial issuer bid

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today the preliminary results of its substantial issuer bid (the “Offer”), pursuant to which Imperial offered to purchase for cancellation up to $1.5 billion of its common shares (the “Shares”). The Offer proceeded by way of a modified Dutch auction, which had a tender price range from $78.50 per Share to $94.00 per Share, and included the option for shareholders to participate via a proportionate [Read more]

Chevron announces $16 billion 2024 capex budget

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced an expected organic capital expenditure range of $15.5 to $16.5 billion for consolidated subsidiaries (capex) and an affiliate capital expenditure (affiliate capex) budget of approximately $3 billion for 2024.   Upstream spending in 2024 is expected to be about $14 billion. Of this planned expenditure, two-thirds is allocated to the United States, including approximately $6.5 billion to develop [Read more]

ExxonMobil Corporate Plan more than doubles earnings potential from 2019 to 2027; 18% compound annual earnings growth significantly outpaces peers

On track to deliver ~$14 billion of further earnings and cash flow growth potential over the next four years Expecting capital investments to generate average returns of ~30%, with payback periods less than 10 years for greater than 90% of the capex2 Pursuing more than $20 billion in lower emissions opportunities, up $3 billion Generated $9 billion in structural cost savings with $6 billion more expected by 2027 Increasing pace of share repurchases to $20 billion per year from the [Read more]

Murphy Oil Corporation announces early results and increase of 2027 maximum subcap of cash tender offers for outstanding debt securities

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) (“Murphy” or the “Company”) announced today the early tender results of its previously announced series of tender offers (the “Tender Offers”) to purchase for cash up to $250,000,000 aggregate principal amount (the “Maximum Aggregate Cap”) of certain of its outstanding series of senior notes listed in the table below (collectively, the “Notes”). The Tender Offers are being made pursuant to the terms and conditions set forth in the [Read more]

Pembina Pipeline Corporation announces conversion results for Series 1 Preferred Shares

CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 1 ("Series 1 Shares") (TSX: PPL.PR.A) will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 2 of Pembina ("Series 2 Shares") on December 1, 2023. After taking into account all the conversion notices received from holders of its outstanding Series 1 Shares [Read more]

Murphy Oil Corporation announces cash tender offers for outstanding debt securities

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) (“Murphy” or the “Company”) announced today the commencement of a series of tender offers to purchase for cash up to $250,000,000 aggregate principal amount (the “Maximum Aggregate Cap”) certain of its outstanding series of senior notes listed in the table below (collectively, the “Notes”).   Dollars per $1,000 Principal Amount of Notes(3) Title [Read more]

Pembina Pipeline Corporation reports record results for the third quarter 2023, raises 2023 guidance and declares quarterly common share dividend

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]

Murphy Oil Corporation announces third quarter 2023 financial and operating results, advances capital allocation framework, increases share repurchase authorization, raises full year 2023 production guidance

Exceeded Upper End of Guidance Range With Production of 202 MBOEPD, Sanctioned Lac Da Vang Field Development Project in Vietnam, Executed $249 Million of Debt Reduction, Repurchased $75 Million of Shares Outstanding HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the third quarter ended September 30, 2023, including net income attributable to Murphy of $255 million, or $1.63 net income per diluted share. Excluding [Read more]

ConocoPhillips reports third-quarter 2023 results; announces 14% increase in quarterly ordinary dividend

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported third-quarter 2023 earnings of $2.8 billion, or $2.32 per share, compared with third-quarter 2022 earnings of $4.5 billion, or $3.55 per share. Excluding special items, third-quarter 2023 adjusted earnings were $2.6 billion, or $2.16 per share, compared with third-quarter 2022 adjusted earnings of $4.6 billion, or $3.60 per share. Special items for the current quarter were primarily comprised of a benefit related to the reversal [Read more]