BOE Report

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]

Imperial announces terms of its substantial issuer bid for up to $2,500,000,000

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today the terms of its substantial issuer bid (the “Offer”) pursuant to which the company will offer to purchase for cancellation up to $2,500,000,000 of its common shares (the “Shares”). Subject to obtaining certain exemptive relief under applicable securities laws in Canada and the United States, the Offer will proceed by way of a modified Dutch auction that includes the ability for shareholders to participate via [Read more]

Tidewater announces earnings conference call

HOUSTON -Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today an earnings conference call has been scheduled for Tuesday, May 10, 2022, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three months ending March 31, 2022. Investors and interested parties may listen to the earnings conference call via telephone by calling +1.888.770.7135 if calling from the U.S. or Canada (+1.929.203.0820 if calling [Read more]

ConocoPhillips announces executive leadership changes

HOUSTON - ConocoPhillips (NYSE: COP) today announced that Tim Leach, previously executive vice president, Lower 48, has become advisor to the chief executive officer, effective May 1, 2022. In addition to his new role, Leach will continue serving as a member of the company’s board of directors. In conjunction with this change, the company also announced that Jack Harper, previously president, Permian for ConocoPhillips, and former president of Concho Resources, has assumed the role of [Read more]

Imperial announces first quarter 2022 financial and operating results

CALGARY, Alberta - TMLImperial Oil Limited (TSE: IMO, NYSE American: IMO): First quarter millions of Canadian dollars, unless noted 2022 2021 ∆ Net Income (loss) (U.S. GAAP) 1,173 392 +781 Net Income (loss) per common share, assuming dilution (dollars) 1.75 0.53 +1.22 Capital and exploration expenditures 296 163 +133 Imperial reported estimated net income in the first quarter of $1,173 million up from $813 [Read more]