BOE Report

ConocoPhillips announces upsize of previously announced cash tender offer

HOUSTON - ConocoPhillips (NYSE: COP) (“COP”) announced today that ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company (“CPCo”), have increased the aggregate purchase price (excluding accrued interest) that they intend to purchase in the previously announced cash tender offer (the “Tender Offer”) to $1.1 billion (the “Maximum Aggregate Purchase Price”) from $750.0 million. This increase in the Maximum Aggregate Purchase Price matches the expected aggregate gross proceeds from [Read more]

ConocoPhillips announces cash tender offer for up to $750 million of debt securities

HOUSTON - ConocoPhillips (NYSE: COP) (“COP”) announced today that ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company (“CPCo”), have commenced a cash tender offer (the “Tender Offer”) to purchase outstanding notes listed in the table below (collectively, the “Notes” and each a “Series” of Notes) having an aggregate purchase price (excluding accrued interest) of up to $750.0 million (the “Maximum Aggregate Purchase Price”), in the order of priority shown in the table [Read more]

Pembina Pipeline Corporation reports voting results from 2023 annual meeting of shareholders

CALGARY, Alberta - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) reported the voting results from its annual meeting of common shareholders held virtually on May 5, 2023 (the "Meeting"). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated March 17, 2023 (the "Information Circular") and is available on the Company's website under "Investors – Presentations & Events" at [Read more]

Pembina Pipeline Corporation provides update on active wildfires

CALGARY, Alberta - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) today provided an update on the operational impacts of the ongoing wildfires in Alberta and British Columbia ("B.C."). Wildfires in Alberta and B.C. have resulted in evacuation orders in several areas where Pembina has operations. Our priority is the health and safety of our people, impacted communities, and the environment. Pembina has accounted for all of our employees and contractors in the affected areas, [Read more]

Pembina Pipeline Corporation reports results for the first quarter 2023 and raises quarterly common share dividend

CALGARY, Alberta - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the first quarter of 2023. Highlights First Quarter Results - reported earnings of $369 million and adjusted EBITDA of $947 million. Common Share Dividend Increase - the board of directors declared a common share cash dividend for the second quarter of 2023 of $0.6675 per share, representing an increase of 2.3 percent, to be paid, [Read more]

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]