BOE Report

ExxonMobil announces merger with Pioneer Natural Resources in an all-stock transaction

Transforms ExxonMobil’s upstream portfolio, more than doubling the company’s Permian footprint and creating an industry-leading, high-quality, high-return undeveloped U.S. unconventional inventory position Expect to generate double-digit returns by recovering more resource, more efficiently and with a lower environmental impact Combines Pioneer’s sizeable acreage, entrepreneurial culture and deep industry expertise with ExxonMobil’s balance-sheet strength, advanced technologies and [Read more]

Pembina Pipeline Corporation declares quarterly preferred share dividends and announces third quarter 2023 results conference call and webcast

CALGARY, ALBERTA--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors has declared quarterly dividends for the Company's preferred shares, Series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25. Series 1, 3, 5, 7, 9, 21 and 22 preferred share dividends are payable on December 1, 2023, to shareholders of record on November 1, 2023. Series 15, 17 and 19 preferred share dividends are payable on January 2, 2024, to [Read more]

ConocoPhillips completes purchase of remaining 50% interest in Surmont

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has completed the purchase of the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $2.7 billion cash (CAD$3.7 billion) after closing adjustments, as well as future contingent payments of up to approximately $0.3 billion (CAD$0.4 billion). ConocoPhillips now owns 100% of Surmont and will continue as operator. “Long-life, low sustaining capital assets like Surmont play an important [Read more]

Murphy Oil Corporation announces quarterly dividend

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.275 per share, or $1.10 per share on an annualized basis. The dividend is payable on December 1, 2023, to stockholders of record as of November 13, 2023. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that [Read more]

Advisory: Chevron Corporation’s 3Q 2023 earnings conference call and webcast

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, October 27, 2023, at 11:00 a.m. ET (8:00 a.m. PT).   Conference Call Information: Date: Friday, October 27, 2023 Time: 11:00 a.m. ET / 8:00 a.m. PT Dial-in # (Listen-only mode): 888-240-9352 Conference ID #: 9665445 Speakers: Mike Wirth – Chairman of the Board and Chief Executive Officer Pierre Breber – [Read more]

Murphy USA schedules third quarter 2023 results conference call

EL DORADO, Ark.--(BUSINESS WIRE)--Murphy USA Inc. (NYSE: MUSA) will release preliminary third quarter 2023 earnings results after the market close on Wednesday, November 1, 2023, followed by a conference call at 10:00 a.m. CT on Thursday, November 2, 2023. Interested parties may participate by dialing 1-888-330-2384 and referencing conference ID number 6680883. The call can also be accessed via webcast through the Investor Relations section of Murphy USA’s website at [Read more]

Murphy Oil Corporation announces close of non-core Canadian asset sale, advances capital allocation framework with redemption of 5.750% senior notes due 2025

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced that its subsidiary closed the previously announced divestment of certain non-core operated Kaybob Duvernay assets and all of its non-operated Placid Montney assets. The transaction was announced on August 3, 2023, and has an effective date of March 1, 2023. After closing adjustments, Murphy received cash proceeds of approximately C$141 million, or US$104 million1. There is no cash tax liability expected with this [Read more]

ConocoPhillips to Further Diversify Global LNG Portfolio with Additional Long-Term Agreement for European Regas Capacity

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) announced today further progress on its global liquefied natural gas (LNG) strategy, signing a commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands. This agreement further complements the company’s foundational LNG resource positions in Qatar and Australia, offtake and equity in Sempra’s recently sanctioned Port Arthur LNG Phase 1 project on the U.S. Gulf Coast, regasification [Read more]

Pembina Pipeline Corporation reports results for the second quarter 2023 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 second quarter 2023 financial and operating results, strategic portfolio repositioning

Exceeded Upper End of Guidance Range With Production of 184 MBOEPD, Signed Production Sharing Contracts for Côte d’Ivoire New Country Entry, Executed Agreement to Divest Non-Core Canadian Assets HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2023, including net income attributable to Murphy of $98 million, or $0.62 net income per diluted share. Excluding discontinued operations and other [Read more]