BOE Report

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]

Imperial declares second quarter 2022 dividend

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 34 cents per share on the outstanding common shares of the company, payable on July 1, 2022, to shareholders of record at the close of business on June 2, 2022. This second quarter 2022 dividend compares with the first quarter 2022 dividend of 34 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the [Read more]

ExxonMobil announces first-quarter 2022 results

IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM): Results Summary Dollars in millions (except per share data) 1Q22 4Q21 Change vs 4Q21 1Q21 Change vs 1Q21 Earnings (U.S. GAAP) 5,480 8,870 -3,390 2,730 +2,750 Earnings Excluding Identified Items 8,833 8,795 +38 2,761 +6,072 Earnings Per Common Share [Read more]

Imperial announces intention to launch substantial issuer bid for up to $2,500,000,000

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today that the Board of Directors, on the recommendation of a special committee of independent directors, has authorized the initiation of a 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”). The company anticipates that the terms and pricing will be determined, and the Offer will commence, during the [Read more]

Exxon Mobil Corporation declares second quarter dividend

IRVING, Texas - The Board of Directors of Exxon Mobil Corporation today declared a cash dividend of $0.88 per share on the Common Stock, payable on June 10, 2022 to shareholders of record of Common Stock at the close of business on May 13, 2022. This second quarter dividend is at the same level as the dividend paid in the first quarter of 2022. Through its dividends, the corporation has shared its success with its shareholders for more than 100 years and has increased its annual dividend [Read more]

Imperial to hold 2022 first 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 First Quarter Earnings Call on Friday, April 29, following the company’s first 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]

Emissions from Canadian oil sands are set to decline within next few years even as production grows

CALGARY, Alberta - By the middle of this decade greenhouse gas (GHG) emissions from Canadian oil sands production should be in decline even as production continues to grow, according to a new comprehensive report by S&P Global Commodity Insights that takes into account current technology trends and production growth. Entitled The Trajectory of Oil Sands GHG Emissions: 2009-2035, the report by the S&P Global Oil Sands Dialogue says that long-term trends of reductions to the GHG [Read more]