BOE Report

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

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported first-quarter 2023 earnings and adjusted earnings of $2.9 billion, or $2.38 per share, compared with first-quarter 2022 earnings of $5.8 billion, or $4.39 per share, and first-quarter 2022 adjusted earnings of $4.3 billion, or $3.27 per share. "Our first quarter results are a clear demonstration of the durable, returns-focused value proposition that we laid out at our recent analyst and investor meeting," said Ryan Lance, [Read more]

Murphy Oil Corporation announces first quarter 2023 financial and operating results, reaffirms 2023 production and capital expenditure guidance ranges

Exceeded Upper End of Guidance Range With Production of 172.5 MBOEPD, Announced Discovery at Longclaw #1 Exploration Well in Gulf of Mexico, Received Credit Rating Upgrade to BB+ from S&P Global HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the first quarter ended March 31, 2023, including net income attributable to Murphy of $192 million, or $1.22 net income per diluted share. Excluding discontinued operations and [Read more]

Imperial reports voting results for election of directors

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced at its annual meeting of shareholders held on May 2, 2023, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 16, 2023 were elected as directors. A total of 531,116,532 shares (90.92 percent of outstanding common shares) were represented in person or by proxy. The percentage of shares represented at the meeting that were voted to elect the [Read more]

Imperial appoints Senior Vice President, Sustainability, Commercial Development and Product Solutions

CALGARY, Alberta - Imperial (TSE: IMO, NYSE American: IMO) announced today that S.L. (Sherri) Evers, currently Vice President, Commercial and Corporate Development, will become the company’s Senior Vice President, Sustainability, Commercial Development and Product Solutions, assuming oversight and responsibility of the company’s downstream business effective May 1, 2023. Sherri will continue to oversee the commercial and corporate development business. “Imperial recognizes the importance of [Read more]

ExxonMobil announces first quarter 2023 results

IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM): Delivered record first quarter earnings of $11.4 billion, demonstrating structural earnings improvements through growth of advantaged assets, mix improvements, and cost and execution efficiencies Increased oil and gas net production by nearly 300,000 oil-equivalent barrels per day versus first-quarter 2022, excluding divestments, entitlements, and Sakhalin-1 expropriation Started up the Beaumont Refinery expansion and [Read more]

Imperial declares second 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 July 1, 2023, to shareholders of record at the close of business on June 2, 2023. This second quarter 2023 dividend compares with the first quarter 2023 dividend of 44 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 2023 financial and operating results

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO): Quarterly net income of $1,248 million Upstream production of 413,000 gross oil-equivalent barrels per day Achieved highest-ever first quarter production at Kearl of 259,000 total gross barrels per day Strong refining performance with throughput of 417,000 barrels per day, capacity utilization of 96 percent Quarterly dividend increased by 14 percent from 44 cents to 50 cents per [Read more]

Chevron announces first quarter 2023 results

Reported earnings of $6.6 billion; adjusted earnings of $6.7 billion Cash flow from operations of $7.2 billion; free cash flow of $4.2 billion Shareholder distributions of $6.6 billion, up 65 percent from first quarter 2022 SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today reported earnings of $6.6 billion ($3.46 per share - diluted) for first quarter 2023, compared with $6.3 billion ($3.22 per share - diluted) in first quarter 2022. Included in the current [Read more]

ConocoPhillips analyst & investor meeting outlines durable, returns-focused value proposition with compelling plan

HOUSTON - ConocoPhillips (NYSE: COP) is hosting an Analyst & Investor Meeting today to outline details of a compelling operating and financial plan that features durable returns and cash flow growth for decades to come, while further describing the company’s valued role in the energy transition. “Today I’m pleased to once again share a 10-year plan that provides a combination of industry-leading returns and cash flow growth, driven by our deep, durable and diverse portfolio. Our continued [Read more]

Imperial to hold 2023 Investor Day on April 19

CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Limited, will host the company’s 2023 Investor Day on Wednesday, April 19. The presentation begins at 9 a.m. EST and will be accessible by webcast.   At Investor Day, Imperial’s management team will provide an update on the company’s operations and business strategy, followed by a [Read more]