BOE Report

ConocoPhillips to hold first-quarter earnings conference call on Thursday, May 5

HOUSTON - ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, May 5, 2022, at 12:00 p.m. Eastern time to discuss first-quarter 2022 financial and operating results. The company’s financial and operating results will be released before the market opens on May 5. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 [Read more]

Waterous Energy Fund closes its fourth equity capital raise, acquires Caltex Resources Ltd. and the Tucker Thermal Oil Property, and amalgamates Caltex and Tucker with Strathcona Resources Ltd.

CALGARY, Alberta - Waterous Energy Fund (“WEF”) today announced the closing of the amalgamation of Strathcona Resources Ltd. (“Strathcona”), Caltex Resources Ltd. (“Caltex”), and the Tucker thermal oil property (“Tucker”). The amalgamated entity will continue in business as Strathcona Resources Ltd. and will remain 100% owned by WEF and Strathcona employees. WEF Closes Fourth Capital Raise to Complete Acquisitions of Caltex and Tucker On January 31, 2022, WEF closed its fourth capital [Read more]

ExxonMobil to Discontinue Operations at Sakhalin-1, Make No New Investments in Russia

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today issued the following statement regarding the situation in Ukraine. ExxonMobil supports the people of Ukraine as they seek to defend their freedom and determine their own future as a nation. We deplore Russia’s military action that violates the territorial integrity of Ukraine and endangers its people. We are deeply saddened by the loss of innocent lives and support the strong international response. We are fully complying with all [Read more]

Imperial to hold virtual 2022 Investor Day on March 10

CALGARY, Alberta - Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Limited, will host the company’s 2022 Investor Day on Thursday, March 10. The event begins at 8 a.m. MT 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 question-and-answer session. Please click here [Read more]

Black & Veatch awarded design for proposed floating LNG project in British Columbia

OVERLAND PARK, Kan. - With its abundant natural gas supply, British Columbia is seeing increased investment in liquefied natural gas (LNG) infrastructure as the world accelerates low- and zero-carbon energy resources. In advancing this effort, Black & Veatch performed the pre-FEED study and now proceeds with full FEED to deliver the proposed Cedar LNG Project that will produce low‑carbon, cost-effective LNG for the global market. The planned floating LNG facility in Kitimat is being [Read more]

ConocoPhillips reports fourth-quarter and full-year 2021 results; increases planned 2022 return of capital to $8 billion and declares quarterly dividend and variable return of cash distribution

HOUSTON - ConocoPhillips (NYSE: COP) today reported fourth-quarter 2021 earnings of $2.6 billion, or $1.98 per share, compared with a fourth-quarter 2020 loss of $0.8 billion, or ($0.72) per share. Excluding special items, fourth-quarter 2021 adjusted earnings were $3.0 billion, or $2.27 per share, compared with a fourth-quarter 2020 adjusted loss of $0.2 billion, or ($0.19) per share. Special items for the current quarter were primarily comprised of non-cash impairments related to the company’s [Read more]

Equinor joins Center for Hydrogen Safety amid growing demand for hydrogen

NEW YORK - #equinor--Center for Hydrogen Safety (CHS) – the global authority on safe hydrogen use and education – announced the addition of energy company Equinor to its list of member organizations. Based in Stavanger, Norway, Equinor is a world-leading company committed to providing affordable energy for societies and taking a leading role in the energy transition by optimizing its oil and gas portfolio, accelerating growth in renewables, and pioneering development of carbon capture and [Read more]

Imperial announces 2021 financial and operating results

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO): Fourth quarter Twelve months millions of Canadian dollars, unless noted 2021 2020 ∆ 2021 2020 ∆ Net income (loss) (U.S. GAAP) 813 (1,146) +1,959 2,479 (1,857) +4,336 Net income (loss) per common share, assuming dilution (dollars) 1.18 (1.56) +2.74 3.48 (2.53) +6.01 Capital and [Read more]

Imperial declares first 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 April 1, 2022, to shareholders of record at the close of business on March 3, 2022. This first quarter 2022 dividend compares with the fourth quarter 2021 dividend of 27 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]