BOE Report

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]

ConocoPhillips reports second-quarter 2023 results; raises full-year production guidance and declares quarterly dividend and variable return of cash distribution

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported second-quarter 2023 earnings and adjusted earnings of $2.2 billion, or $1.84 per share, compared with second-quarter 2022 earnings of $5.1 billion, or $3.96 per share, and second-quarter 2022 adjusted earnings of $5.1 billion, or $3.91 per share.   “The second quarter demonstrated our strong underlying performance and commitment to advancing the returns-focused value proposition we shared at our Analyst & Investor [Read more]

Murphy Oil Corporation releases fifth annual sustainability report

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) announced today that it released the 2023 Sustainability Report, which covers the company’s environmental, social and governance (ESG) performance and progress on established targets. The report is available here, along with a summary fact sheet.   "I am pleased at the work our company has done to enhance our sustainability efforts this past year. Our 2023 Sustainability Report highlights our advances in technology and data, [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 September 1, 2023, to stockholders of record as of August 14, 2023.   ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing [Read more]

ExxonMobil announces second quarter 2023 results

Structural earnings improvements contributed to strong second-quarter earnings of $7.9 billion Achieved record quarterly production in the Permian and Guyana, demonstrating excellent operational performance Highest second-quarter global refinery throughput in the last 15 years1 Expanded leadership in carbon capture and storage by agreeing to acquire Denbury and reaching 5 million metric tons per year of CO2 offtake contracts with industrial customers2 SPRING, Texas--(BUSINESS [Read more]

Chevron reports second quarter 2023 results

  Reported earnings of $6.0 billion; adjusted earnings of $5.8 billion Record Permian Basin production, 11 percent higher than the year-ago period Record shareholder distributions of $7.2 billion PDC Energy, Inc. acquisition expected to close in August 2023 SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) reported earnings of $6.0 billion ($3.20 per share - diluted) for second quarter 2023, compared with $11.6 billion ($5.95 per share - diluted) in second [Read more]

Imperial declares third quarter 2023 dividend

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 50 cents per share on the outstanding common shares of the company, payable on October 1, 2023, to shareholders of record at the close of business on September 1, 2023.   This third quarter 2023 dividend compares with the second quarter 2023 dividend of 50 cents per share. Imperial has a long and successful history of growth and financial stability in Canada [Read more]

Imperial announces second quarter 2023 financial and operating results

Quarterly net income of $675 million and cash flow from operating activities of $885 million Successful completion of planned turnaround activities at Kearl, Syncrude and Strathcona refinery Upstream production of 363,000 gross oil-equivalent barrels per day Refinery throughput of 388,000 barrels per day and capacity utilization of 90% Commenced facility construction on the Strathcona Renewable Diesel project Renewed annual normal course issuer bid (NCIB) to repurchase up to 5% of [Read more]