BOE Report

Imperial to hold 2022 second quarter earnings call

CALGARY, Alberta - Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Limited, will host a 2022 Second Quarter Earnings Call on Friday, July 29, following the company’s second quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering analysts. Please click here [Read more]

Imperial announces sale of interests in Montney and Duvernay assets

CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) today announced that together with ExxonMobil Canada, it has entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada, for a total cash consideration of $1.9 billion ($940 million Imperial’s share). The sale is expected to close before the end of the third quarter 2022, subject to regulatory approvals. The sale completes the [Read more]

Imperial committed to long-term shareholder value

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today that it has received final acceptance from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB) to repurchase up to five percent of its 636,676,182 outstanding common shares as of June 15, 2022, or a maximum of 31,833,809 shares during the next 12 months. This maximum will be reduced by the number of shares purchased from Exxon Mobil Corporation (ExxonMobil), Imperial’s majority shareholder, [Read more]

Imperial announces completion of its $2.5 billion substantial issuer bid

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today that it has taken up and paid for 32,467,532 common shares (“Shares”) at a price of $77.00 per Share (the “Purchase Price”) under Imperial’s offer (the “Offer”) to purchase for cancellation up to $2.5 billion of its Shares. All amounts are in Canadian dollars. The Shares purchased represent an aggregate purchase of $2.5 billion and 4.9 percent of the total number of Imperial’s issued and outstanding Shares [Read more]

Imperial announces preliminary results of its substantial issuer bid

CALGARY, Alberta - 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 $2.5 billion of its common shares (the “Shares”). The Offer proceeded by way of a modified Dutch auction, which had a tender price range from $62.00 per Share to $78.00 per Share, and included the option for shareholders to participate via a proportionate tender. The Offer [Read more]

Cheniere and Equinor sign long-term LNG sale and purchase agreement

HOUSTON - Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that its subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has entered into a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Equinor ASA (“Equinor”). Under the SPA, Equinor has agreed to purchase approximately 1.75 million tonnes per annum (“mtpa”) of LNG from Cheniere Marketing on a free-on-board basis for a term of approximately 15 years. The deliveries under [Read more]

Climate Engagement Canada to engage 40 Canadian corporate issuers for alignment on net-zero transition

TORONTO - Today, Climate Engagement Canada (CEC) announced the CEC Focus List—forty select TSX-listed companies that will be strategically engaged in a finance-led initiative for the alignment of expectations on climate risk governance, disclosure, and the transition to a low-carbon economy in Canada. Over the next months, engagements with the boards and senior leaders of these organizations will commence in order to spur organizational change. Through constructive dialogue, the forty focus [Read more]

ConocoPhillips reports first-quarter 2022 results; announces increase in planned 2022 return of capital to $10 billion and declares quarterly dividend and variable return of cash distribution

HOUSTON - ConocoPhillips (NYSE: COP) today reported first-quarter 2022 earnings of $5.8 billion, or $4.39 per share, compared with first-quarter 2021 earnings of $1.0 billion, or $0.75 per share. Excluding special items, first-quarter 2022 adjusted earnings were $4.3 billion, or $3.27 per share, compared with first-quarter 2021 adjusted earnings of $0.9 billion, or $0.69 per share. Special items for the current quarter were primarily comprised of a tax benefit related to closure of an audit, a [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 3, 2022, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 16, 2022 were elected as directors. A total of 606,381,191 shares (90.62 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]

Cheniere Corpus Christi Stage III and ARC Resources sign long-term integrated production marketing transaction

HOUSTON - Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that its subsidiary, Corpus Christi Liquefaction Stage III, LLC (“Corpus Christi Stage III”), has entered into a long-term Integrated Production Marketing (“IPM”) gas supply agreement with ARC Resources U.S. Corp (“ARC U.S.”), a subsidiary of ARC Resources, Ltd. (TSX: ARX), a leading natural gas producer in Canada. Under the IPM agreement, ARC U.S. has agreed to sell 140,000 MMBtu per day of natural gas to [Read more]